According to statistics of Vietnam Customs, in April, export Vietnam's tuna exports only reached over 86 million USD, down nearly 1% compared to the same period in 2024. Of which, canned tuna exports in April only reached nearly 15.8 million USD, down 50% compared to the same period in 2024. This is almost the lowest level since January 2023.
According to many businesses, problems related to regulations in Decree 37/2024/ND-CP are greatly affecting tuna fishing and export activities, especially for export. tuna boxed
These regulations include regulations on the minimum size allowed for exploitation; not mixing imported seafood materials with domestically exploited seafood materials in the same export shipment.
Tuna exports to some major markets in April are also declining.
In the US market, after the country temporarily suspended the imposition of a 46% “reciprocal tax” on goods imported from Vietnam for 90 days, Vietnamese businesses took advantage of this opportunity to boost exports to this market. However, up to this point, export activities have also slowed down. Exports to this market in April reached only nearly 36 million USD, an increase of 3% compared to the same period in 2024.
At the same time, exports to the EU market are also slowing down, with export value to this market in April increasing by only 11% over the same period, reaching nearly 21 million USD. The Netherlands, Italy and Germany are still the three largest tuna import markets of Vietnam.
In the Middle East, geopolitical instability is having a major impact on tuna exports to this market. Specifically, exports to Israel continued to fall sharply by 57% in April. In the first four months of the year, exports to this market fell by nearly 62% compared to the same period last year. Exports to Saudi Arabia were no better, down 35%.
Exports to Canada also reversed course in April, after two months of strong growth. Exports to this market reached just under $3 million in April, down 27% year-on-year.
Ms. Nguyen Ha - tuna market expert of VASEP - predicted: "With the bottlenecks in domestic raw material sources that have not yet been resolved, combined with the impact of geopolitical instability, as well as changes in trade policies in many major markets... Vietnam's tuna exports are likely to decrease further."
According to the report on the production and export of aquatic products sent by VASEP to the Prime Minister 's Administrative Procedure Reform Working Group, tuna exports in the first four months of the year tended to decrease compared to the same period last year due to pressure from regulations on combating illegal, unreported and unregulated fishing (IUU), in which the regulation on the minimum size of tuna of 0.5m has caused a decrease in raw materials for processing and export.
In addition, changes in tariff policy of the US - the largest market for Vietnamese tuna - are also a challenge for the tuna industry.
Source: https://baoquangninh.vn/ca-ngu-viet-nam-dong-hop-xuat-khau-giam-manh-nhat-2-nam-qua-3360520.html
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