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Vietnam Increases Tuna Exports to ASEAN

24 September 2015

VIETNAM - Vietnam tuna exports in August 2015 continued to post a year-on-year decline of nearly 10 per cent to reach $39.8 million.

The figure in the first 8 months of the year hit $303.5 million, down seven per cent year on year. The decline was attributable to lower demand from main importing market and year-on-year drop in global tuna price, reports VASEP.

Among total tuna exported in Jan-Aug 2015, tuna HS code 0303 took the largest proportion of 45 per cent , followed by canned tuna with the proportion of 33 per cent . Proportion for frozen/live/fresh tuna reported a slight increase comparing to the early 2015.

In August 2015, Vietnam tuna exports to its largest market, the US, surpassed $16 million, but still 1.6 per cent lower that last year's result. The first 8 months of 2015 experienced a 11 per cent year on year rise of tuna exports to this market, reaching $127.3 million.

Through August, exports of frozen/live/fresh tuna to the US touched $78.8 million, up 19 per cent year on year. Exports of processed tuna to the market reached $48.4 million, up 0.3 per cent year on year.

Vietnam tuna export to EU was still in search of recovery. The export value in Jan-Aug 2015 reached nearly $69 million, down 25 per cent year on year.

Spain, one of EU's top 3 tuna importers reported postivie growth in tuna imports from Vietnam. In Jan-Aug 2015, exports of frozen/live/fresh tuna to the market touched $31.4 million and exports of processed and canned tuna were $37.5 million.

Exports to ASEAN Up 8 per cent

ASEAN, ranks third in Vietnam's top importing markets for tuna, reported 8 per cent rise to $23.3 million in Jan-Aug 2015. Vietnam tuna exports to Thailand, the biggest market in the bloc, stood at more than $1.5 million.

Vietnam's canned tuna sales in Japan rise

Vietnam tuna sales to Japan in Jan-Aug 2015 reached $14 million, while sales of frozen/live/fresh tuna reached $9 million. Canned tuna sales to the market, being quite modest at $4.8 million, increased by 16 per cent.

TheFishSite News Desk



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