Vietnam tuna exports to the U.S increased robustly

According to Vietnam Customs, in the first eight months of 2011, tuna exports of the country reached US$261.9 million, up 31.1 percent against the same period of 2010. In August alone, tuna exports achieved US$30 million. So far this year, Vietnam has shipped tuna to 83 markets. Tuna exports to key markets except for Israel, Lebanon and Taiwan, has been on upward trend. Vietnam tuna exports to Iran reached the highest with triple digit growth of 100.2 percent, but exports to Israel dropped sharply 38 percent. Among three traditional markets (the U.S., the EU, Japan with the proportion of 68.6 percent in the total Vietnam tuna export value), the U.S. is the leading importer with the proportion of 47.4 percent. Tuna exports to the country recorded US$124 million, up 33.1 percent over that of the same period last year. So far, a tuna export to the country has been keeping double digit growth. According to the U.S. Department of Agriculture (USDA), in the first seven months of 2011, the U.S. imported over 176,179 MT of tuna from 84 countries in which Vietnam ranked the fourth after Thailand, Indonesia and the Philippines. Vietnam tuna imports into the U.S. increased robustly, 64 percent and 122 percent in volume and value, respectively while the Philippines tuna imports into the country decreased sharply (30 percent). In the exported tuna product structure of Vietnam to the U.S., frozen tuna (coded HS03, mainly the skipjack, yellow fin and big eye tuna) represented 57 percent. The value added tuna (coded HS16, mainly skipjack, yellow fin tuna) accounted 43 percent. Vietnam shipped canned tuna to Thailand and the Philippines and frozen tuna to Indonesia. Besides the U.S., tuna exports to Japan and the EU remained positive growth, up 79.5 percent and 24.8 percent, respectively in value against the same period last year. In the last four months of 2011, it is expected that the U.S., Japan and the EU will step up importing Vietnam tuna to meet the high demand at the end of the year.

Source: VASEP

Leave a Reply