Vietnam tuna exports to the EU is showing signs of recovery and upturn in the remainder of this year after several months of declines, hitting US$87.9 million in ten months, a year-on-year rise of 4.9%.
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|Vietnam tuna products are shipped to 20 EU countries, primarily to Italy, Germany and Belgium.|
Last year, EU countries imported processed tuna products while fresh, frozen and dried tuna products are staple imported items for this year reaching nearly US$49 million in 10 months, up 22%.
Exports of processed tuna stood at just US$39 million, down 10%.
Vietnam tuna products are shipped to 20 EU countries, primarily to Italy, Germany and Belgium.
High tax rates have driven canned tuna products from Vietnam in a fix to compete at the EU market while similar products from Ecuador and the Philippines enjoy a zero percent tariff.
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Experts forecast that tuna exports to the EU continue to increase in the remaining months as holidays of the year begin to come.