Vietnam’s tuna exports surged

After three straight years of decline, Vietnam’s tuna exports have turned around this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Total earnings in the first eight months were US$309.8 million, a 2.1% rise from last year, it said.

Except in February the value rose every single month.

According to customs, fresh and frozen tuna accounted for 58.3% of the exports and the ratio of processed tuna fell to 41.7% from 45.6% last year.

The US, EU, ASEAN, China, Israel, Japan, Canada, and Mexico were the largest markets, accounting for 88.2% of the total exports.

Shipments to China increased by 68.5% year-on-year. It was followed by ASEAN with a 26.7% rise and Israel with 18%.

But exports to the EU fell by 11.5%.

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