The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the E.U.

In the second quarter of 2021, the country shipped 9,360 tons of tuna to this market, raking in USD 45.05 million, up 43.9 percent in volume and 59.3 percent in value from the previous quarter.

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Tuna processing at a factory in the south-central province of Khanh Hoa

The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the E.U.-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020.

According to the MoIT, Vietnamese tuna was sold at USD 4.62 per kg on average to the E.U. in the first six months of the year, down 0.27 percent year on year. The global tuna prices have been also declining on the back of weakening demand of canned tuna during the period.

Significant growth was seen in a number of E.U. markets, including Poland which recorded imports of Vietnamese tuna rocketing 989 percent in volume and 608.6 percent in value, and Bulgaria, 289 percent and 229 percent, respectively.

Data from the European Statistical Office (Eurostat) showed that Vietnam was the E.U.’s eighth largest provider of tuna outside the union in the first four months of 2021, making up a 4.9 percent share of the E.U.’s total tuna imports, compared to 4 percent in the same period last year.

The MoIT’s Agency of Foreign Trade warned that Vietnam’s tuna shipments are likely to continue facing difficulties from the E.U. as a result of the COVID-19 resurgence and the “yellow card” warning on the illegal, unreported and unregulated (IUU) fishing imposed by the E.C. on Vietnam.

Source: VNA