April 05, 2020 20:05

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Tuna exports to EU on the rise

20:05 | 01/12/2016

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.

Source: VOV