Tuna export value to Canada reached 1.4 million USD in August, up 61 percent compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tuna export value to Canada reached 1.4 million USD in August, up 61 percent compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
However, shipments to this market this year fluctuated greatly, with drops recorded in previous months, resulting in a 27.6 percent year-on-year decrease for the January-August period to 6.1 million USD.
Canada imports mainly fresh, frozen, and dried tuna from Vietnam.
At the same time, VASEP noted that tuna exports to Canada are on the rise over the past five years while shipments to other overseas markets fell.
Vietnamese tuna products are exported to 100 countries and territories, including the US, Japan, Israel and Canada, as well as the EU and the ASEAN region.
From the first day to August 15, the tuna export value to the EU and Japan, two key export markets of local tuna products, fell by 23 percent to 65.4 million USD and by 23.8 percent to 12.8 million USD, respectively, against the same period last year.
Meanwhile, the nation gained year-on-year growth of 13.8 percent in tuna export value to reach 120 million USD for exports to the US and 8.8 percent to reach 21.6 million USD for exports to the ASEAN region.-VNA
Tuna exports continued to slide during the first two months of this year due to low demand from the traditional markets and owing to a reduction in price, the General Department of Customs' statistics indicated.
The Vietnam Association of Seafood Producers and Exporters (Vasep) forecast that the export value of tuna will decrease by 5 percent this year, bringing in an estimated 123 million USD for the second quarter of the year.
Vietnam would continue to decrease tuna's export value in the second quarter of this year, partly due to its falling price on the world market, the Vietnam Association of Seafood Exporters and Producers (VASEP) forecast.
Vietnam's tuna industry saw a 6.7 percent dip in export value for the first eight months of this year due to decreasing demands, according to the General Department of Customs.
Vietnam’s tuna exports have rapidly increased in recent years, and the country still holds potential for more growth in this area, according to industry insiders.
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Illustrative image (Photo: VNA)
