Vietnam tuna exports to S Korea soar
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According to the Vietnam Association of Seafood Exporters and Producers, tuna exports to South Korea rose by 2.5 times year-on-year to over US$7 million in the first seven months.
Tuna Vietnam, Nha Trang Bay and Phat Trien Seafood were the three biggest exporters, accounting for 64% of total shipments.
Exports of canned tuna jumped by 468%.
VASEP said declining fishing catches in South Korea and rising demand for canned products amid tightened spending drove up demand for Vietnamese products.
Vietnam was the eight biggest exporter of tuna to that country in the first half this year, but the largest seller of canned tuna, accounting for nearly 77% of all imports.
Questions & Answers
Q.What is the total value of Vietnam's tuna exports to South Korea for the first seven months of the year?
What is the total value of Vietnam's tuna exports to South Korea for the first seven months of the year?
Vietnam's tuna exports to South Korea reached over US$7 million in the first seven months of the year. This represents a 2.5 times increase compared to the previous year, according to the Vietnam Association of Seafood Exporters and Producers.
Q.Which Vietnamese companies are the main exporters of tuna to South Korea?
Which Vietnamese companies are the main exporters of tuna to South Korea?
Tuna Vietnam, Nha Trang Bay, and Phat Trien Seafood were the three largest exporters of tuna to South Korea. These companies collectively accounted for 64% of the total tuna shipments during the period.
Q.Why has there been increased demand for Vietnamese tuna products in South Korea?
Why has there been increased demand for Vietnamese tuna products in South Korea?
Increased demand for Vietnamese tuna is due to declining fishing catches in South Korea. Also, rising demand for canned products amidst tightened consumer spending has further driven up the need for these imports.
Q.What is Vietnam's position as an exporter of canned tuna to South Korea?
What is Vietnam's position as an exporter of canned tuna to South Korea?
Vietnam is the largest seller of canned tuna to South Korea, accounting for nearly 77% of all canned tuna imports into that country. This is despite Vietnam being the eighth biggest overall tuna exporter to South Korea in the first half of the year.
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