Tuna becomes billion-dollar export for first time: VASEP
Despite a sharp fall in exports before the end of 2022 due to global inflation, tuna still brought home 1 billion USD in revenue last year, up 34% from 2021, becoming a billion-dollar commodity for the first time, data showed.
Workers process tuna for export at a factory in Binh Dinh province. (Photo: VNA)
Hanoi (VNA) – Despite a sharp fall in exports beforethe end of 2022 due to global inflation, tuna still brought home 1 billion USDin revenue last year, up 34% from 2021, becoming a billion-dollar commodity forthe first time, data showed.
Tuna products of Vietnam were shipped to 99 markets, of whichthe US, the EU, members of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), Israel, Thailand, Saudi Arabia, Russia, thePhilippines, and Egypt were the largest importers, accounting for 92% of totalexports, according to the Vietnam Association of Seafood Exporters andProducers (VASEP).
Germany,Spain, and Belgium were the biggest EU buyers of Vietnamese tuna. Notably,shipments to Germany and Spain shot up 161% and 117% last December,respectively.
Tuna exports to Japan, a CPTPP member, grew fastin the last quarter of 2022. The value surged 131% year on year in Decemberalone, helping raise the export turnover to CPTPP markets to nearly 136 million USD, up48%.
Meanwhile, strong declines were recorded inshipments to many other markets, VASEP said, noting that after dropping inNovember, tuna exports to the US fell by another 38% in December. However, lastyear’s exports to this market still rose 44% to approximate 487 million USD.
VASEP forecast the export in the first quarter of 2023 willbe unable to sustain its 2022 performance, but markets may recover in thelatter half of this year. Free trade agreements are the driver for tuna exports in theyear’s beginning./.
Vietnam pocketed 890 million USD from exporting tuna in the first 10 months of this year – the highest-ever figure, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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Workers process tuna for export at a factory in Binh Dinh province. (Photo: VNA) 
