Vietnam’s tuna exports to Canada doubled in the first two months of 2022
MEKSEA.COM – Vietnam’s tuna exports to Canada have grown continuously in the first 2 months of 2022. Not only that, but the value of tuna exports to this market also doubled compared to 2019, the period before the covid-19 pandemic.
According to statistics from Vietnam Customs, the export revenue of Vietnam’s tuna exports to Canada by the end of February 2022 reached 7.5 million USD, up 52% over the same period in 2021. This is the most positive growth after months of decline.
Currently, Canada is Vietnam’s second-largest tuna market after the US, accounting for approximately 5% of total tuna export value and is the largest tuna import market in the CPTPP bloc. Vietnam is mainly exporting frozen tuna meat/loin with code HS0304 to this market, accounting for 74% of total export value in the first 2 months of the year.
Currently, Vietnam is the second-largest tuna supplier to the Canadian market, accounting for 12% of the total volume of Canada’s tuna imports in 2021. In the HS030487 frozen tuna meat/loin market segment, Vietnam is the largest source for this market.
Learn more: Tuna exports to the US market recorded triple-digit growth 210%
According to the assessment of the Vietnam Trade Office in Canada, this is also a potential market for Vietnam’s tuna. According to ITC statistics, Canada is currently the 16th largest tuna import market in the world with a large population and increasing demand for tuna.
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By Hayati (Meksea Team)
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