Tuna exports to US soar by 210%

Vietnamese tuna exports to the United States saw a year-on-year surge of 210% in January to reach nearly US$44 million, accounting for roughly 50% of the total export value of the product, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Frozen tuna fillets coded HS0304 remain the key export product, accounting for more than 66% of total export value.

Most notably, some products such as frozen tuna fillets coded HS0304 and HS16 increased by 172% and 278%, respectively, against the same period last year.

Meanwhile, tuna exports to various EU member states also recorded impressive growth in the reviewed period, although exports to the Chinese market continued to decline.

With the COVID-19 pandemic being brought under control, businesses have actively grasped market information, taking full advantage of the rising demand globally to expand their market share.

Businesses have also actively increased production and met export orders, as well as utilising incentives by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP), and the EU-Vietnam Free Trade Agreement (EVFTA).

Khanh Hoa, Binh Dinh, Phu Yen, Ho Chi Minh City, and Binh Duong are the five localities that take lead in terms of tuna export sales.

Vietnam’s total tuna export turnover in January edged up 0.5% to reach nearly US$88 million compared to December 2021, although the value was up 108% against last year’s corresponding period.

Source: VOV