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    Home > Food News > Food Articles > Vietnam’s tuna exports in July this year increased by 20% year-on-year

    Vietnam’s tuna exports in July this year increased by 20% year-on-year

    • Last Update: 2021-09-10
    • Source: Internet
    • Author: User
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    From SeafoodMedia September 2 news, as of the end of July in Vietnam tuna export volume 420 million US dollars, an increase of 20% in July monthly exports 65 million US dollars, an increase of 1.
    7%
    .
     
    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
    .
     
    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
    .
     
    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%
    .
     
      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
    .
     
      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
    .
    Tuna export
     
      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
    .
     
      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
    .
     
      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%
    .
     
      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
    .
     
      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
    .
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