Tuna export turnover in January was just over USD 50 million, down 43% over the same period in 2022. VASEP said that in the context of the economic downturn, it is difficult for exports of this item to grow strongly.
According to the Association of Seafood Exporters and Producers (VASEP), Vietnam's tuna exports in January 2023 continued to decline sharply following the trend of the fourth quarter of 2022, along with the Lunar New Year holiday. Accordingly, tuna export turnover in January was just over USD 50 million, down 43% compared to the same period in 2022.
"Vietnam's tuna exports in the first months of the year have not been able to prosper when the world economy is forecasted to fall into a recession in 2023," VASEP said.
In January 2023, tuna export turnover decreased in most product groups, except for processed tuna other than the HS16 code (steamed frozen tuna loin). Exports of frozen tuna meat/loin with code HS0304 fell the most by 55%; fresh/frozen and dried tuna by 54%; canned tuna by 46% off...
The structure of Vietnam's tuna import market in January also had many fluctuations; exports to new markets such as Korea or Taiwan increased by 457% and 105%, respectively, over the same period.
Meanwhile, exports to the US, the largest market of Vietnamese tuna in January, reached just over USD 16 million, down 63% over the same period in 2021. Currently, inflation in the US has cooled down, but concerns Concerns about the economic recession will continue, causing Americans to tighten their spending. This is affecting US tuna imports from other countries, including Vietnam.
Along with the US, the EU market also recorded a sharp decline in the first month of the year, down 42%, reaching nearly USD 9 million. With this result, the EU has dropped to 3rd among the largest importers of Vietnamese tuna.
In the CPTPP market, Vietnam's tuna exports in January only increased slightly by 6%, of which export turnover to Japan and Peru increased by 38% and 53%, respectively, and Canada decreased by 29%.
(Enterprise and Business)
Read more: Seafood industry report
SEAFOOD INDUSTRY REPORT - DECEMBER -2022