Continuously from the beginning of the year until now, Vietnam’s yellowfin tuna exporters have faced many difficulties such as: increased production costs, increased container rental prices, and increased transportation rates… However, with unremitting efforts and market acumen, the country’s tuna export results in the first half of 2021 still increased by 21% over the same period of last year, reaching 355 million USD.
In June 2021 alone, exports to the main import markets all grew positively, except for Japan and Isarel, which decreased by 0.8 and 9% respectively. Vietnam’s tuna products have been exported to 103 markets around the world.
USA: After deploying rapid vaccination for people, the US economy is recovering quickly. The reopening of food service chains, restaurants, and hotels is increasing the demand for tuna in the US, boosting imports. By the end of June 2021, the total value of Vietnam’s tuna exports to the US reached 153 million USD, up by nearly 21% over the same period in 2020. Currently, Vietnam is the second largest tuna supplier to the US market.
EU: Vietnam’s tuna exports to the EU continue to prosper. In June 2021 alone, the export value to this market reached nearly 13 million USD, up by 49% over the same period. This figure has brought the total export value in the first half of 2021 to more than $74 million, up by 31% over the same period. Notably in June, tuna exports to Spain grew at a “galloping” rate of 971% over the same period. With this growth rate, Spain has become the third largest single tuna import market of Vietnam in the EU.
CPTPP: By the end of June 2021, the total value of tuna exports to the countries participating in the CPTPP agreement reached 46 million USD, accounting for nearly 13%, up by 16% over the same period of last year. In June 2021, the export value to Canada – the largest market in the bloc, increased by nearly 201%, reaching 3.6 million USD. The value of tuna exports to this market is accelerating.
Another prominent market in the CPTPP market in the first 6 months of this year is Mexico, with an impressive growth rate in June with 157%, reaching $ 1.3 million. After a continuous decline in the first quarter of 2021, tuna exports to Mexico have grown continuously. By the end of June, the export value of tuna to Mexico was over 6 million USD, up by 53% over the same period.
In addition to the main markets, Vietnam’s tuna exports to a number of small markets are experiencing impressive growth over the same period such as: Russia up by 70%, Ukraine by 100%, Lebanon by 35%, Korea Countries increased by 87%, Argentina increased by 79%.