Tuna exports to the US improves

(vasep.com.vn) Above 36% of Vietnam caught tuna were exported to the US, making it the biggest consumption market. After declines in recent years, there have been positive signals in tuna exports from Vietnam to the US.

In January 2015, tuna exports to the US plunged, followed by a significant rise in both February and March. Total tuna exports to the US in QI/2015 was reported at US$ 38 million, down 1.2% year-on-year. Amid competitive pressure and low catches, catchers are putting their focus on more profitable species. It is also noted that to send products to the US, Vietnamese tuna exporters had to bear the tariff of 10.1%, comparing to 7.6% for Ecuador and 9.2% for other ASEAN members. Therefore, the slight decrease can be considered as a good news.

Reportedly, in 2014, canned tuna loin continued to be the major tuna product (accounting for 43%) that Vietnam sent to the US, followed by frozen tuna loin HS0304 with 38.5% and fresh/frozen tuna (excluding tuna loin) with 16%. Canned tuna exports in the whole year 2014 reached US$ 75 million, decreasing by 14% from 2013. Meanwhile, frozen tuna loin exports increased by nearly 40%.

 

US tuna imports (US$ thousands)

Origin

Jan 2014

Feb 2014

Jan-Feb 2014

Jan 2015

Feb 2015

Jan-Feb 2015

2015/2014 (%)

World

139,813

101,339

241,152

132,746

95,784

228,530

-5.2

Thailand

43,238

34,976

78,214

39,447

25,864

65,311

-16.5

Indonesia

11,309

7,079

18,388

14,784

11,013

25,797

40.3

China

13,654

5,105

18,759

13,089

10,764

23,853

27.2

Ecuador

8,092

9,283

17,375

7,920

9,440

17,360

-0.1

Vietnam

12,034

6,718

18,752

10,389

6,503

16,892

-9.9

Philippines

10,282

8,058

18,340

8,668

8,052

16,720

-8.8

Fiji

7,977

534

8,511

8,543

3,356

11,899

39.8

Mauritius

5,535

3,710

9,245

4,335

3,353

7,688

-16.8

Mexico

3,944

3,540

7,484

3,905

2,669

6,574

-12.2

Sri Lanka

4,311

3,265

7,576

3,317

2,195

5,512

-27.2

Maldives

3,395

2,525

5,920

3,273

1,152

4,425

-25.3

Colombia

846

1,405

2,251

1,895

1,095

2,990

32.8

Spain

2,741

2,265

5,006

1,602

1,384

2,986

-40.4

Canada

882

1,262

2,144

1,410

1,221

2,631

22.7

Trinidad and Tobago

468

2,208

2,676

589

1,569

2,158

-19.4


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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