Hanoi (VNA) – Vietnam’stuna exports to Italy soared by 8,599 percent last month over the same period lastyear.
Thisstaggering increase transformed Italy into Vietnam's largest tunamarket in the EU in the first nine months of this year.
The figureswere announced by the Vietnam Association of Seafood Exporters and Producers(VASEP) last week.
Canned tunawas still the only export product group to post growth over the sameperiod, up 22 percent. Meanwhile, Vietnam's exports of fresh and frozen tunadecreased by 30 percent.
Vietnam'stuna exports to the EU market had high growth last month, a year-on-yearincrease of 51 percent, after two months the EU-Vietnam Free Trade Agreement(EVFTA) took effect.
The EU'sabolition of tax on fresh and frozen tuna products right after the agreementcame into effect has made these Vietnamese products more attractive for EUcountries.
Besides,Vietnamese processed and canned tuna products are also attractive to thismarket. This showed the door to the EU market was opening wider forVietnamese tuna businesses, said VASEP.
Thecountry's tuna exports to the US showed signs of recovery in the last twomonths after a period of decline due to the impact of the COVID-19 pandemic.
Tuna exportvalue of Vietnam to the US reached more than US$25 million last month, up 2 percentover the same period last year.
The marketfor canned tuna in the US, after a long period of gloom, has shown good growthdue to its familiarity with most consumers and the disruption of beef, pork andpoultry supplies due to the pandemic.
Therefore,the US's tuna imports are increasing compared to the same period last year.
In additionto the US and EU markets, Vietnam's tuna exports to Japan and Canada also grewlast month.
After threeconsecutive months of decline, tuna exports to Japan have increased again.Meanwhile, Canada is a bright spot market for Vietnam this year, withcontinuous three-digit growth in recent months./.
Vietnam’s shrimp and tuna exports to EU markets showed signs of recovery in July and August despite the impact of COVID-19, rising slightly against previous months and the same period last year.
Turnover of Vietnamese tuna exported to the EU has increased in the double digits since the EU-Vietnam Free Trade Agreement (EVFTA) took effect at the beginning of August.
A workshop was held in the south-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tuna exports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).
Vietnam’s tuna exports to the Middle East and Africa have seen positive signs since the beginning of the year despite declines in overall seafood exports in the face of COVID-19, First Secretary and Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung said on October 25.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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