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7%
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The growth of Vietnamese tuna exports to the United States has slowed regionally in the past three months
.
Exports to the United States in July amounted to 28.
6 million US dollars, an increase of 6% year-on-year, but the month-on-month decline
.
.
Exports to the United States in July amounted to 28.
6 million US dollars, an increase of 6% year-on-year, but the month-on-month decline
.
American tuna processors usually buy products at FOB prices, but the freight from Asia to South America has now increased from US$2,500 per container to US$12,000.
The significant increase in costs has affected the profits of Vietnamese tuna exporters
.
The significant increase in costs has affected the profits of Vietnamese tuna exporters
.
Compared with the US market, in July, the value of Vietnamese tuna exports to Europe fell by 21% year-on-year, while exports to the three main export regions-Italy, and Spain fell by 34%, 40%, and 12%, respectively
.
However, the cumulative export value to Europe in the first seven months was US$87 million, a year-on-year increase of 20%
.
.
However, the cumulative export value to Europe in the first seven months was US$87 million, a year-on-year increase of 20%
.
High freight is also one of the reasons for the decline in exports to the EU
.
In addition, the exhaustion of preferential tariff quotas for processed tuna products is also one of the reasons for the slowdown in exports to this market
.
.
In addition, the exhaustion of preferential tariff quotas for processed tuna products is also one of the reasons for the slowdown in exports to this market
.
Vietnam’s tuna exports to CPTPP countries continued to grow by 6.
5% over the same period, reaching US$7.
4 million
.
It is worth noting that in July this year, tuna exports to Canada showed signs of decline, which was 45% lower than the same period in 2020
.
In contrast, exports to Mexico and Japan continued to grow, increasing by 2% and 413% respectively over the same period last year
.
Tuna exports to other markets such as Egypt, the Philippines and China continued to rise in July
.
5% over the same period, reaching US$7.
4 million
.
It is worth noting that in July this year, tuna exports to Canada showed signs of decline, which was 45% lower than the same period in 2020
.
In contrast, exports to Mexico and Japan continued to grow, increasing by 2% and 413% respectively over the same period last year
.
Tuna exports to other markets such as Egypt, the Philippines and China continued to rise in July
.
