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Vietnam's tuna exports in the first quarter of this year hit the highest level in the same period in five years

 Last Update: 2022-05-14
 Source: Internet
 Author: User

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Vietnam's " Customs Online" reported on April 21 that according to statistics from the General Administration of Vietnam Customs, Vietnam's tuna exports continued to maintain a good momentum in March this year, with a year-on-year increase of 58%, with an export value of 104 million US dollars
.
In the first quarter of this year, Vietnam’s tuna exports reached US$259 million, a year-on-year increase of 72%, 1.
6 times that of the same period in 2019 before the epidemic
, and the highest level in the same period in five years .

According to the analysis of Nguyen Ha, an expert in the tuna market by VASEP, the export orders for high-value frozen tuna meat and fish fillets with HS code HS0304 in the first quarter of this year showed a significant growth trend, increasing by 123% year-on-year to US$184 million
.
Vietnam's tuna exports to key markets continued to grow in March as demand was recovering
.

As of March 2022, Vietnam’s tuna exports totaled nearly US$137 million, a year-on-year increase of 116%
.
Among them, exports in March were nearly 57 million US dollars, an increase of 84%
.
The United States continues to be Vietnam's largest tuna export market
.

　　Tariff incentives under the Vietnam-EU Free Trade Agreement (EVFTA) in March this year continued to attract Vietnamese tuna products to the market
.
However, while the bulk of goods are exported at CFR prices, rising freight rates have affected exports to the EU market to some extent
.

　　Growth in tuna exports to the EU market is slowing, rising 10 percent in March to $14 million
.
In the first quarter of this year, Vietnam's exports to the EU market totaled nearly US$38 million, a year-on-year increase of 33%
.

　　Compared with the EU, Vietnam's tuna exports to the CPTPP member markets have a trend of increasing
.
Exports to the CPTPP market rose 49 percent in March to nearly $14 million
.
In the first quarter of this year, the cumulative export volume was 30.
4 million US dollars, a year-on-year increase of 40%
.
Among them, exports to Canada amounted to US$14 million, an increase of 70%; exports to Mexico amounted to US$4.
3 million, an increase of 79%; exports to Chile reached US$2.
4 million, an increase of 71%
.
However, exports to Japan continued to decline by 20% year-on-year to $6 million
.

　　In addition to the above-mentioned main export markets, tuna exports to other potential markets such as the UAE, Dominican Republic and Panama have also grown well compared to the same period last year
.

Customs tuna export epidemic

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