VOV.VN - Vietnamese tuna exports to Portugal continued to record a three-digit growth rate in the first quarter of the year, according to statistics given by the Vietnam Association of Seafood Exporters and Producers (VASEP).
Most notably, the export value of tuna to the Portuguese market throughout the reviewed period skyrocketed by 135% to US$1.1 million against the same period from last year.
Vietnamese enterprises mainly exported frozen tuna coded HS 0304 to the demanding market, with the average export price reaching US$6,537 per tonne.
Truong Dinh Hoe, secretary general of the VASEP attributed the increase in seafood exports to the fact that local businesses have been primarily focused on handling contract orders signed in 2021, as well as newer ones signed this year.
According to figures compiled by the World Trade Center, Portugal is currently the sixth largest tuna import market in the EU bloc, with the Southern European nation purchasing tuna from 35 countries globally.
In line with this, Vietnam makes up the eighth largest provider of tuna to Portugal, behind Ecuador, China, Papua New Guinea, Mauritius, Indonesia, Ghana and the Philippines.
The average price of Vietnamese tuna exports to this market last year increased with frozen tuna loin coded HS0304 witnessing its highest price, according to the VASEP.
Moreover, tariff incentives under the terms of the EU-Vietnam Free Trade Agreement (EVFTA) have given fresh impetus to the high growth of Vietnamese tuna products to the Portuguese market.
Furthermore, the EU member states' tourism reopening to tourists is expected to push up the demand for high-value tuna products in these countries, which will create a wealth of opportunities for Vietnamese businesses to boost exports moving forward.
Hoe predicted that aquatic exports will continue to grow moving into the second quarter of the year as a result of rising demand for the products at restaurants and hotels in the post-COVID-19 pandemic period.