Tuna exports to Canada pick up in September
VOV.VN - Vietnam’s tuna exports to Canada in September rebounded and increased by 44% to reach more than US$3 million against the same period from last year, according to statistics from the General Department of Vietnam Customs.
This comes amid the export turnover of Vietnamese tuna to the Canadian market experiencing a downward trajectory since the beginning of the year due to high inflation in the market.
During the course of the nine-month period, tuna exports to this market dropped by 47% to nearly US$23 million compared to the same period from last year.
Canada was the 12th largest tuna import market in the world last year with import turnover exceeding US$272 million, representing a rise of 40% compared to 2021.
With this growth, the North American country can be considered a potentially lucrative market for Vietnamese tuna, especially after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect.
According to industry insiders, tuna exports to the Canadian market have yet to fully recover, especially amid the Canadian people’s consumer credit debt having increased and citizens moving to tighten their spending.
