Russia-Ukraine conflict has a big impact on Vietnam's tuna exports

Wed, 05/11/2022 - 20:15

Vietnam's "Investment News" reported on May 9 that the General Administration of Statistics of Vietnam announced that the Export Promotion Agency of the Ministry of Industry and Trade of Vietnam announced that the export of aquatic products continued to increase significantly in April 2022, with an export value of about 1.05 billion US dollars, a year-on-year increase of 39.9%. In the first 4 months, the cumulative export value reached 3.57 billion US dollars, a year-on-year increase of 43.7% (among which the export of fish and shrimp increased the most).

Although the Russian-Ukrainian conflict has little impact on Vietnam’s aquatic product exports (2% to Russia and 0.3% to Ukraine), it has a big impact on Vietnam’s tuna exports (Russia and Ukraine are the largest importers of Vietnamese tuna. one of the top 20 markets).