Vietnam Tuna Exports Reached US$558 Million in Jan-Jul 2024

In July 2024, Vietnam's tuna exports continued to maintain growth momentum over the same period, increasing by 14% to nearly 87 million USD. However, the export growth rate is slowing down a lot compared to previous months. Cumulatively, in the first 7 months of the year, tuna export turnover reached 558 million USD, an increase of 22%.

Exports to many main markets decreased in July, such as the EU, Israel, Canada, Mexico, etc.

In the EU market, tuna exports decreased by 14% in July, reaching 16 million USD, although exports to Italy still maintain growth momentum, the growth rate decreased sharply from three digits to 18% in July. Meanwhile, tuna exports to the Netherlands and Germany simultaneously decreased by 46% and 19%.

Along with the EU, tuna exports to Israel, Vietnam's second-largest single tuna import market, after many months of good growth, decreased by 31% this July. Israel-Iran tensions are affecting export activities to this market.

Contrary to the export trend to the two markets mentioned above, exports to the US continue to increase. However, the growth rate is not high, at only 17%. Cumulatively, in the first six months of the year, tuna exports to the US increased by 20%, reaching 206 million USD.

Tuna exports to Russia and Korea also continued to increase in July, with increases of 57% and 266%, respectively.

Source: VASEP