Vietnam: The raw material problem of canned tuna exported to the EU

As of August 15, 2024, Vietnam's tuna exports to the EU increased by 28% compared to the same period in 2023, reaching over US$133 million. While canned tuna, which makes up nearly 39% of the total export turnover to the EU, experienced growth in the first five months, it has been declining sharply since June. This decline is due to the exhaustion of the preferential tariff quota and challenges in sourcing pure-origin skipjack tuna, crucial for canned tuna production. Consequently, major EU importers such as Germany, the Netherlands, Poland, and Italy have reduced their imports of Vietnamese canned tuna.

According to statistics from Vietnam Customs, Vietnam's tuna exports to the EU as of August 15, 2024 increased by 28% over the same period in 2023, reaching more than US$133 million. Canned tuna is the main export product, accounting for nearly 39% of total export turnover to the EU. In the first 5 months, canned tuna maintained good growth momentum. However, since June, its exports have been continuously decreasing sharply. Germany, the Netherlands, Poland and Italy have reduced the export of canned tuna from Vietnam. Processors assume that this decline is resulted from the ...