Italy has emerged as Vietnam’s largest tuna export market in the European Union, according to the General Department of Vietnam Customs, VNA & VOV reported.

Statistics show tuna exports to Germany, the Netherlands and Italy that are the three leading import markets of the bloc, witnessed changes in October. While tuna exports to Germany and the Netherlands decreased considerably, those to Italy increased 30 times, making it the largest Vietnamese tuna importer.

Illustrative photo. Photo: VNA

Meanwhile, the nine-month exports to Poland shot up 125% to top USD 4 million, statistics show.

Poland is the seventh largest EU market of tuna from Vietnam, the Vietnam Association of Seafood Exporters and Producers (VASEP) noted, considering the continuous growth in this country’s tuna imports over the last five years as a good chance for Vietnamese products there.

Vietnam is currently the third largest non-EU supplier of tuna for Poland, after Ecuador and the Philippines. While the Philippines’ exports to this market have been decreasing, Vietnam’s are now on the rise, the association said.

Canned fish made up the biggest proportion, more than 83%, among tuna products shipped to Poland, with a surge of 211% in value.

Businesses attributed the soaring exports to Poland partly to impact of inflation. Higher prices in supply chains such as vegetable oil, can, and carton package prices have also boosted importers’ direct purchases.

The VASEP assesses that the demand for Vietnamese seafood in the EU is gradually increasing again due to preparations for the year-end festival season. The EU is expected to be a bright spot for exports in the last months of this year when it is considered to have a more stable economy than other key markets.

Though exports to the UK have fallen in recent months, total tuna shipments there still climbed 48% during January - September to over USD 5.5 million. The export value of fresh and frozen tuna products rose sharply compared to the same period last year.

With a modest market share of 1%, Vietnam ranks 13th among the tuna suppliers for the UK at present, according to VASEP.

The value of tuna exports to the EU in October reached just more than USD 15 million, down 19% year on year, but the 10-month export value rose 1% to more than USD 143 million.

Meanwhile, tuna exports to the United States and Canada climbed 6% in October after experiencing a fall in previous months. The export value of the tuna products to Chile, the Philippines and the Republic of Korea also skyrocketed by 406%, 116% and 402% respectively.

Notably, the Republic of Korea is currently among the top 15 markets importing the most tuna from Vietnam.

Tuna exports brought home USD 693 million during the first 10 months of 2023, falling 22% year on year and ranking third among aquatic products, reported the VASEP.

During the period, total overseas shipments of aquatic products declined 21% to USD 7.4 billion, with all the products recording lower export revenue compared to the same period last year, VASEP said.

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