Tuna export to Canada soars
Illustration. (Photo: VNA)
Vietnam’s tuna industry has bounced back strongly post-pandemic as export soared 72 percent year-on-year to 259 million USD in the first quarter of 2022, the highest in five years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).The figure is 1.6 times that the same period of 2019, before the pandemic struck.
Shipments to the markets of Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) members rose by 49 percent in March. The three-month figure surged 40 percent to 30.4 million USD.
Canada was an emerging buyer, importing some 14 million USD worth of tuna from Vietnam from January – March, up 70 percent from a year earlier and doubling that of 2019. Canada accounted for nearly 5 percent of Vietnam’s total tuna export, making it the second largest importer of the Southeast Asian country, only after the US, and the biggest among the CPTPP markets.
Vietnam was Canada’s second largest supplier, after Thailand, that made up some 12 percent of Canada’s total import. Vietnam also made itself known as the biggest provider of frozen tuna to Canada.
Given that both countries are signatories to the CPTPP, there is still plenty of room for Vietnam’s tuna products to expand its presence in Canada largely thanks to preferential duties under the trade deal, the VASEP anticipated. Export to Canada will be likely to be on a further rise in the coming time, it said./.
Related News
Highest determination to remove IUU "yellow card".
18:50 | 20/07/2024 Headlines
Many seafood enterprises focus on developing the domestic market
09:46 | 21/07/2024 Import-Export
If it is "permissive", OCOP products will not be effective for export
14:12 | 19/07/2024 Import-Export
88.8% of import turnover are equipment and raw materials for production
14:47 | 18/07/2024 Import-Export
Latest News
Spending more than US$54 billion to import computers and electronic products in first half of the year
08:01 | 27/07/2024 Import-Export
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
More News
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export
Indonesia licenses certificates of lobster cultivation for three Vietnamese companies
14:04 | 25/07/2024 Import-Export
Vietnamese spend nearly 150 trillion VND on online shopping
14:03 | 25/07/2024 Import-Export
Four tens of billion USD export markets
09:17 | 25/07/2024 Import-Export
Successful digital transformation solutions for wood industry enterprises
09:14 | 25/07/2024 Import-Export
Vietnamese lychee sold well at Costco stores in Australia
14:10 | 24/07/2024 Import-Export
Durian exports forecast to top 3 billion USD in 2024
14:09 | 24/07/2024 Import-Export
FTA - support to promote pangasius export
09:19 | 24/07/2024 Import-Export
Your care
Spending more than US$54 billion to import computers and electronic products in first half of the year
08:01 | 27/07/2024 Import-Export
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export