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    Home > Food News > Food Articles > Vietnam's tuna exports maintained strong growth in the first half of this year

    Vietnam's tuna exports maintained strong growth in the first half of this year

    • Last Update: 2021-07-30
    • Source: Internet
    • Author: User
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    Vietnam's " Customs Online" reported on July 23 that in the first half of this year, Vietnamese companies' tuna exports faced many difficulties, but they still increased by 21% year-on-year
    .
    The company hopes to vaccinate workers as soon as possible to stabilize production and export
    .
     
    According to Nguyen Xia, a tuna market expert at VASEP, in June this year alone, except for Japan and Israel, which dropped by 0.
    8% and 9% respectively, Vietnam’s exports to major import markets showed positive growth
    .
    Vietnamese tuna products have been exported to 103 markets around the world
    .

     
    The U.
    S.
    economy is recovering rapidly
    .
    The reopening of food service chains, restaurants, and hotels has increased the demand for tuna and correspondingly increased imports
    .
    As of the end of June this year, Vietnam’s total tuna exports to the US reached US$153 million, a year-on-year increase of nearly 21%
    .
     
    Currently, Vietnam is the second largest tuna supplier in the US market
    .
    At present, freight rates have risen sharply, reducing the competitiveness of Asian tuna suppliers, including Vietnam, in the US market
    .
    Therefore, although Vietnam's tuna exports to this market continue to increase, the growth rate is slowing down
    .
     
      Similarly, Vietnam’s tuna exports to the EU market continue to improve
    .
    In June this year alone, exports to this market reached 13 million U.
    S.
    dollars, a year-on-year increase of 49%
    .
    The total export value in the first half of this year exceeded 74 million U.
    S.
    dollars, a year-on-year increase of 31%
    .
    It is worth noting that in June, Vietnam’s tuna exports to Spain increased by 971% year-on-year, and Spain has become Vietnam’s third largest tuna import market in the EU
    .
     
      Take the CPTPP market as an example.
    In the first half of the year, tuna exports to this market totaled US$46 million, accounting for nearly 13%, a year-on-year increase of 16%
    .
    In June of this year, exports to Canada, the EU's largest market, increased by nearly 201% to 3.
    6 million U.
    S.
    dollars
    .
    The export value of tuna to Canada is accelerating
    .
     
      Another prominent market in the CPTPP market in the first six months of this year is Mexico.
    The growth rate in June was impressive, reaching 157%, and exports amounted to US$1.
    3 million
    .
    After experiencing a continuous decline in the first quarter of this year, Vietnam’s tuna exports to Mexico have continued to grow
    .
    As of the end of June, tuna exports to Mexico exceeded US$6 million, a year-on-year increase of 53%
    .
     
      According to Nguyen Xia, in addition to the main markets, Vietnam’s tuna exports to many small markets have also grown impressive year-on-year, such as Russia’s growth of 70%, Ukraine’s growth of 100%, Lebanon’s growth of 35%, South Korea’s growth of 87%, and Argentina.
    An increase of 79%
    .
     
      Like other fishery companies, Vietnamese tuna exporters face many difficulties, such as increased production costs, rising container rental prices, and rising freight rates.
    However, with unremitting efforts and market acumen, Vietnamese tuna exports in the first half of the year still increased by 21% year-on-year , Reaching 355 million US dollars
    .
    Customs tuna export
     
      According to Nguyen Xia, a tuna market expert at VASEP, in June this year alone, except for Japan and Israel, which dropped by 0.
    8% and 9% respectively, Vietnam’s exports to major import markets showed positive growth
    .
    Vietnamese tuna products have been exported to 103 markets around the world
    .

     
      The U.
    S.
    economy is recovering rapidly
    .
    The reopening of food service chains, restaurants, and hotels has increased the demand for tuna and correspondingly increased imports
    .
    As of the end of June this year, Vietnam’s total tuna exports to the US reached US$153 million, a year-on-year increase of nearly 21%
    .
     
      Currently, Vietnam is the second largest tuna supplier in the US market
    .
    At present, freight rates have risen sharply, reducing the competitiveness of Asian tuna suppliers, including Vietnam, in the US market
    .
    Therefore, although Vietnam's tuna exports to this market continue to increase, the growth rate is slowing down
    .
     
      Similarly, Vietnam’s tuna exports to the EU market continue to improve
    .
    In June this year alone, exports to this market reached 13 million U.
    S.
    dollars, a year-on-year increase of 49%
    .
    The total export value in the first half of this year exceeded 74 million U.
    S.
    dollars, a year-on-year increase of 31%
    .
    It is worth noting that in June, Vietnam’s tuna exports to Spain increased by 971% year-on-year, and Spain has become Vietnam’s third largest tuna import market in the EU
    .
     
      Take the CPTPP market as an example.
    In the first half of the year, tuna exports to this market totaled US$46 million, accounting for nearly 13%, a year-on-year increase of 16%
    .
    In June of this year, exports to Canada, the EU's largest market, increased by nearly 201% to 3.
    6 million U.
    S.
    dollars
    .
    The export value of tuna to Canada is accelerating
    .
     
      Another prominent market in the CPTPP market in the first six months of this year is Mexico.
    The growth rate in June was impressive, reaching 157%, and exports amounted to US$1.
    3 million
    .
    After experiencing a continuous decline in the first quarter of this year, Vietnam’s tuna exports to Mexico have continued to grow
    .
    As of the end of June, tuna exports to Mexico exceeded US$6 million, a year-on-year increase of 53%
    .
     
      According to Nguyen Xia, in addition to the main markets, Vietnam’s tuna exports to many small markets have also grown impressive year-on-year, such as Russia’s growth of 70%, Ukraine’s growth of 100%, Lebanon’s growth of 35%, South Korea’s growth of 87%, and Argentina.
    An increase of 79%
    .
     
      Like other fishery companies, Vietnamese tuna exporters face many difficulties, such as increased production costs, rising container rental prices, and rising freight rates.
    However, with unremitting efforts and market acumen, Vietnamese tuna exports in the first half of the year still increased by 21% year-on-year , Reaching 355 million US dollars
    .
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