Four main factors for increase in Vietnamese tuna export in 2012

In 2012, Vietnam’s tuna exports reached US$569.4 million, up 50.1 percent on that of 2011. Vietnam sent tuna products to 96 markets, the same level of the previous year.
In the last quarter of 2012, Vietnam earned US$133 million from tuna export, down 11.3 percent from the previous quarter but up 40.7 percent from the same quarter of 2011.
There are 4 main factors for the increase in Vietnamese tuna export:
– Bumper crop of tuna by three main producing provinces including Phu Yen, Binh Dinh and Khanh Hoa and higher imports of raw tuna for processing and exporting.
– Lower catch volume in some producing countries such as in the Philippines and Thailand.
– Pacific bluefin tuna down 96.4 percent in stocks
– Stronger demand from key importing markets: In 2012, some key markets, including the U.S., the EU and Japan showed stronger demand for tuna products.

Source: Vasep

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