Vietnam’s tuna industry has bounced back strongly post-pandemic as export soared 72 percent year-on-year to 259 million USD in the first quarter of 2022, the highest in five years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Hanoi (VNA) – Vietnam’s tuna industry has bounced backstrongly post-pandemic as export soared 72 percent year-on-year to 259million USD in the first quarter of 2022, the highest in five years, accordingto the Vietnam Association of Seafood Exporters and Producers (VASEP).
The figure is 1.6 times that the same period of 2019,before the pandemic struck.
Shipments to the markets of Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) members rose by 49 percent inMarch. The three-month figure surged 40 percent to 30.4 million USD.
Canada was an emerging buyer, importing some 14 million USDworth of tuna from Vietnam from January – March, up 70 percent from a yearearlier and doubling that of 2019. Canada accounted for nearly 5 percent ofVietnam’s total tuna export, making it the second largest importer of the SoutheastAsian country, only after the US, and the biggest among the CPTPP markets.
Vietnam was Canada’s second largest supplier, afterThailand, that made up some 12 percent of Canada’s total import. Vietnam alsomade itself known as the biggest provider of frozen tuna to Canada.
Given that both countries are signatories to the CPTPP, thereis still plenty of room for Vietnam’s tuna products to expand its presence inCanada largely thanks to preferential duties under the trade deal, the VASEPanticipated. Export to Canada will be likely to be on a further rise in thecoming time, it said./.
The three-digit growth rate of Vietnam’s tuna exports to Mexico and Israel is considered a catalyst for a strong increase of over 16 percent of the country’s total tuna export value in 2021.
Tuna exports enjoyed a three-digit growth rate in the first month of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tuna export has maintained a high growth rate in the first months of 2022 despite strong fluctuations in the world market over the past more than one year, partly thanks to free trade agreements that Vietnam has signed.
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Illustration. (Photo: VNA)
