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Friday, August 12, 2022

Vietnam’s tuna exports surge in H1

The Saigon Times

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HCMC – Vietnam exported tuna worth US$553 million in the first half of 2022, jumping by 56% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The country saw a year-on-year surge of 96% in tuna shipments to the United States with a value of over US$300 million. Besides, the demand for canned tuna products edged up in America.

Apart from the United States, the shipment of Vietnamese tuna to other markets also made strong gains.

Between January and June, Vietnam’s tuna exports to Canada, Mexico and Japan soared by 68%, 30% and 26% year-on-year, respectively.

The European market bought US$77 million worth of Vietnamese tuna during the period, inching up 4% year-on-year, reported the local media.

The association forecasts the country’s tuna exports will continue to grow in the final months of the year, sending the revenue from tuna outbound sales this year up 45% against 2021, at an estimated US$1.1 billion.

In spite of positive forecasts, high fuel prices have forced fishing boats to idle, lowering the supply of the fish in the country, according to VASEP.

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