Tuna exports surge 15% over four months

VOV.VN - Vietnam’s tuna exports enjoyed strong growth during the opening four months of the year, recording an annual rise of 15% to reach roughly US$226 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Tuna exports in April alone surged by nearly 50% to over US$74 million, said the VASEP.

Since the beginning of the year, local tuna exporters have encountered numerous challenges, including a rapid increase in production costs, a lack of containers, and escalating maritime transportation costs.

After experiencing a decline over the initial three months of the year, exports of frozen tuna coded HS0304 and other processed tuna coded HS16 bounced back, recording respective rises of 17% and 24%.

According to statistics compiled by the General Department of Vietnam Customs, Vietnam exported tuna products to 63 markets worldwide throughout the first quarter of the year, representing a decline of 27 markets compared to last year.

Despite this drop, exports in the reviewed period to several major markets, such as the United States, the EU, Israel, and members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), have seen robust growth due to the gradual control of the COVID-19 pandemic in these markets.

In relation to the US market, Vietnamese tuna exports recorded an increase of 56% against the same period from last year, with fresh and frozen tuna exports experiencing an upward trajectory.

Furthermore, local tuna exports to the EU and CPTPP markets continued to witness vigorous growth of 37% and 47%, respectively, throughout April.

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