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    Home > Food News > Food Articles > In 2022, Vietnam's tuna exports exceeded US$1 billion for the first time

    In 2022, Vietnam's tuna exports exceeded US$1 billion for the first time

    • Last Update: 2023-02-01
    • Source: Internet
    • Author: User
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    According to SeafoodNews on January 6, as of December 21, Vietnam's tuna exports exceeded US$1 billion for the first time, and it is expected that exports will reach US$1.
    03 billion
    in 2022.
     
    According to the Vietnam Seafood Exporters and Producers Association (VASEP), the United States, Canada, Japan, Israel and Saudi Arabia are the top five export markets
    for Vietnamese tuna.
     
    The United States is Vietnam's largest export market for tuna, with exports in the first 11 months of 2022 up 56% from the same period a year earlier to US$461 million
    .
     
    Canada ranked second, with exports of US$48 million, an increase of 75% year-on-year, and exports to the three major export markets of Japan, Israel and Saudi Arabia were US$38 million, US$31 million and US$28 million, an increase of 58%, 17% and 387%
    respectively.
     
    Thailand is Vietnam's 6th largest export market for tuna, up 120% year-on-year, and exports to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries up 95% to nearly $13.
    5 million.

     
    Despite the significant increase in tuna exports from Viet Nam, tuna exports continue to face difficulties as inflation reduces purchasing power in many markets, especially in the United States, Belgium, Israel and Egypt
    .
     
    VASEP predicts that tuna exports will continue to grow strongly in the coming year, but at a slower
    pace.
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