Optimistic results in tuna export

Vietnam tuna export has gained optimistic signs. According to statistics from the General Department of Vietnam Customs, in October 2011, tuna exports reached US$314 million, a year-on-year increase of 28.6 percent. In the past 10 months, Vietnam tuna has penetrated into 87 markets, nearly double over those of the early 2011 thanks to high demand from international markets at the end of the year. Moreover, some countries in the world are proposing the reduction in quotas for catching tuna to preserve fish stocks in the future. The U.S. is still the main consumer of Vietnam tuna, making up 46 percent of total exports. Vietnam tuna exports to the market in the past ten months were US$144.7 million. Among top Vietnam tuna importers, the EU ranked the second after the U.S. So far, Vietnam tuna has been shipped to 21 countries of the EU block in which Germany, Italy and Belgium are three biggest consumers. Before Germany was the leading consumer of Vietnam tuna in the block but in October 2011, Italy surpassed Germany with impressive three-digit growth rate (US$2.9 million), up 258 percent over that of the corresponding period of 2010. Vietnam tuna is more and more satisfying strict requirements of this market block. In the last months of 2011, a tuna export to Japan is on upward trend. Japanese economy has been recovering positively since tsunami happened here in March. So far, the growth rate in tuna exports to Japan reached the highest of 82.3 percent (equal to US$36.6 million). Apart from three above destinations, Switzerland is also a potential market for Vietnam tuna products. In recent time, tuna exports to the market saw a high growth rate after Japan. In the past ten months, Switzerland imported over US$3 million of Vietnam tuna, a year-on year increase of 52.4 percent. In contrast, Vietnam tuna exports to Taiwan weakened since the early 2011. In 2010, the growth rate in tuna export value to Taiwan reached high level of 127 percent compared to that of 2009. In 2011, Vietnam tuna exports to the market sank continuously, even reduction of 60 percent in one month.

Source: VASEP

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