Vietnamese canned tuna exports to US see drastic upturn
VOV.VN - Vietnamese canned tuna exports to the United States displayed a consistent upward trend during the initial months of the year, with April alone seeing the export of the item to the highly lucrative market surge by 127% to more than US$10 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
During the four-month period, the country’s canned tuna exports fetched more than US$38 million, representing a year-on-year rise of 102%.
The United States Department of Agriculture (USDA) reported that Vietnam is currently the US’s second largest canned tuna supplier, accounting for 16% of their total import volume, just behind Thailand.
According the VASEP, Vietnamese canned tuna exports to the US market soared by 53% on-year to gross over US$196 million.
Although the US is moving to increase imports of canned tuna from the Vietnamese market, the North American nation's total imports decreased slightly in the first quarter of the year, standing at nearly 33,000 tonnes.
The decrease is attributable to the US' falling tuna imports from Thailand- the largest tuna supplier for the vast market, making up for 51% of the former's total import volume. In addition, the US’ canned tuna imports from Thailand dropped by 9% throughout the reviewed period.
Meanwhile the US is poised to reduce its imports from Thailand to limit dependence on this supply source, and increase imports from other countries, including Vietnam.
