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Vietnam’s tuna exports drop sharply in August

Vietnam earned nearly 49.4 million USD from tuna exports in August, a fall of 19 percent year-on-year, according to the General Department of Vietnam Customs.
Vietnam’s tuna exports drop sharply in August ảnh 1Illustrative image (Source: nongnghiep.vn)
Hanoi (VNA) – Vietnam earned nearly49.4 million USD from tuna exports in August, a fall of 19 percentyear-on-year, according to the General Department of Vietnam Customs.

The country’s export revenue to major markets alsodeclined in the month, such as the US (down nearly 26 percent), the EU (28percent) and member nations of the Comprehensive and Progressive Agreement forTrans-Pacific (CPTPP) (4.3 percent).

Of the EU and CPTPP markets, only Spain and Mexicosaw rises in Vietnam’s tuna exports, the department said.

The Vietnam Association of Seafood Exporters andProducers (VASEP) said the result had been forecast as many cities andprovinces, especially those in the southern region, have met difficulties inproduction and processing due to the imposition of social distancing measures giventhe spread of COVID-19.

Domestic firms have yet to recover their operationsalthough there are opportunities to export to the US and the EU in the remainingmonths of the year.

Between January and August, Vietnam’s tuna exportsstill grew nearly 13 percent year-on-year to reach nearly 470 million USDthanks to the growth in the first months of the year and sound instructions ofthe Ministry of Agriculture and Rural Development.

The country exported 15,870 tonnes of tuna worth73.33 million USD to the EU in the first half of 2021, up 39.3 percent and 31.6percent, respectively, against the same period last year, according to ajournal published by the Ministry of Industry and Trade (MoIT).

The tuna shipments accounted for about 15.1 percentof Vietnam’s total seafood export value to the EU.

In the second quarter of 2021, the country shipped9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9percent in volume and 59.3 percent in value from the previous quarter.

The surges were attributed to tariff reductionsgranted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement(EVFTA), which took effect on August 1, 2020./.


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