Vietnam tuna exports to Spain increase at the end of the year

Vietnam tuna exports to Spain increase at the end of the year

After a decline in 2021, Vietnam's tuna exports to Spain in the first 10 months of 2022 have not yet recovered. According to statistics of Vietnam Customs, the value of Vietnam's tuna exports to this market during this period is not stable. Accumulated in the first 10 months of 2022 tuna export turnover to Spain reached nearly 19 million USD, up 4% over the same period in 2021, but still lower than before the pandemic.
Update: (12/28/2022)

Since May, tuna exports to Spain have decreased continuously. However, exports to this market showed signs of recovery in the last quarter of the year when it increased by 33% in October and this growth continued in the first half of November with an increase of 112%.

Spain is currently the largest tuna importer in the EU and the second largest tuna import market of Vietnam. In the first 9 months of 2022, Spain's tuna imports increased compared to the same period in 2021, and nearly as before the pandemic. Spanish importers are tending to increase tuna imports from external sources. In the context of high inflation causing consumers to tighten their spending, Spanish producers try to lower production costs by finding cheap supply with preferential tariff.

Source: VASEP