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    Home > Food News > Food Articles > Vietnam's tuna exports expected to soar amid inflation crisis

    Vietnam's tuna exports expected to soar amid inflation crisis

    • Last Update: 2022-08-16
    • Source: Internet
    • Author: User
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    (NDO) According to data from the Vietnam Association of Aquatic Products Processing and Export (VASEP), in the first half of 2022, Vietnam’s tuna exports have achieved good results in most markets except Europe, Israel and Egypt, where political situations are more volati.
    grow.
     
    In the US market, as of June 2022, Vietnam's tuna exports to the US exceeded US$300 million, a year-on-year increase of 9
    In June 2022, tuna exports to the United States will maintain a relatively high growth ra.
     
    In addition, Vietnam's tuna exports to Canada, Japan and Mexico continued to gr.
     
    As of June 2022, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member market is the third largest export market for Vietnamese tuna (after the United States and Europ.
    Vietnam’s tuna exports to CPTTP member markets reached approximately US$68 million, a 50% increase year-on-ye.
    Among them, exports to Canada increased by 68%, exports to Japan increased by 26%, exports to Mexico increased by 30%, and exports to the Chilean market fell by 4
     
    In addition to the above-mentioned three major import markets, Vietnam’s tuna exports to Saudi Arabia, Thailand, the Philippines and Russia also maintained good growth in the first half of 202 Among them, exports to Saudi Arabia totaled US$2 million and exports to Thailand increased by 5
    , exports to the Philippines increased by 86%,e.
     
    With this growth momentum, VASEP expects Vietnam's tuna exports to continue growing in the second half of 2022, but at a slower pa.
    The full-year export value is expected to exceed US$1 billion, a year-on-year increase of 4
     
    Since the third quarter of 2021, fuel prices have continued to rise and peaked in the last two months, causing 40-45% of the country's fishing vessels to stop fishi.
    The lack of raw material supply for tuna has forced tuna processing and export enterprises to import raw materials from countries and regions that have never signed a Free Trade Agreement (FTA) with Vietnam, resulting in export products unable to take advantage of FTA tariffs and other preferenc.
     
    According to VASEP, in the context of inflation, tuna has become the preferred choice of high-quality protein and cheap food for American consume.
    Therefore, Vietnamese tuna may have more opportunities in this inflationary cris.
    (Finish)
    Aquatic products export tuna
     
    In the US market, as of June 2022, Vietnam's tuna exports to the US exceeded US$300 million, a year-on-year increase of 9
    In June 2022, tuna exports to the United States will maintain a relatively high growth ra.
     
    In addition, Vietnam's tuna exports to Canada, Japan and Mexico continued to gr.
     
    As of June 2022, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member market is the third largest export market for Vietnamese tuna (after the United States and Europ.
    Vietnam’s tuna exports to CPTTP member markets reached approximately US$68 million, a 50% increase year-on-ye.
    Among them, exports to Canada increased by 68%, exports to Japan increased by 26%, exports to Mexico increased by 30%, and exports to the Chilean market fell by 4
     
    In addition to the above-mentioned three major import markets, Vietnam’s tuna exports to Saudi Arabia, Thailand, the Philippines and Russia also maintained good growth in the first half of 202 Among them, exports to Saudi Arabia totaled US$2 million and exports to Thailand increased by 5
    , exports to the Philippines increased by 86%,e.
     
    With this growth momentum, VASEP expects Vietnam's tuna exports to continue growing in the second half of 2022, but at a slower pa.
    The full-year export value is expected to exceed US$1 billion, a year-on-year increase of 4
     
    Since the third quarter of 2021, fuel prices have continued to rise and peaked in the last two months, causing 40-45% of the country's fishing vessels to stop fishi.
    The lack of raw material supply for tuna has forced tuna processing and export enterprises to import raw materials from countries and regions that have never signed a Free Trade Agreement (FTA) with Vietnam, resulting in export products unable to take advantage of FTA tariffs and other preferenc.
     
    According to VASEP, in the context of inflation, tuna has become the preferred choice of high-quality protein and cheap food for American consume.
    Therefore, Vietnamese tuna may have more opportunities in this inflationary cris.
    (Finish)
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