Chile becomes a bright spot for Vietnam’s tuna exports
MEKSEA.COM – In 2022, Vietnam’s tuna exports to Chile were not optimistic. The value export of Vietnam to this market reached nearly 8.5 million USD, a decrease of 11% compared to 2021. However, moving into 2023, exports to the Chilean market are very promising.
After a decline in February and a continuous decline over the past 2 months, Vietnam’s tuna exports to Chia significantly increased compared to the same period last year. In April 2023, the value of tuna exports to this market increased nu 78%, reaching over 1.6 million USD. As a result, in the first 4 months of 2023, the total value of tuna exports to Chile increased by 51% compared to the same period, reaching more than 5 million USD.
Among the market bloc participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Chile is currently the fourth largest market for tuna imports from Vietnam. Chile primarily imports frozen tuna meat/loins from Vietnam, accounting for 64% of the total export value. Canned tuna products account for 29% of the exports.
Currently, Chile’s consumer price index has decreased in April to the lowest level in over a year, bringing the 12-month general inflation rate down to 9.9%, down from 11.1% in March. This is expected to stimulate consumption demand in the country, including for tuna. And this will be an opportunity for Vietnamese tuna businesses to penetrate deeper into the Chilean market.
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By Hayati (Meksea Team)
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