Because the fishing output of the fleet in the seas decreased, many EU countries had to increase imports from sources outside the bloc in this year, including Finland. Although this Nordic country’s tuna imports in the first half of this year were only at the same level as the same period last year, imports from Vietnam are strongly increasing.
According to statistics from Vietnam Customs, Vietnam’s tuna exports to Finland have grown continuously since the beginning of the year, including many months with a 3-digit increase. Cumulatively in the first 8 months of 2023, Vietnam’s tuna exports to Finland reached nearly 4.4 million USD, an increase of 3 times compared to the same period in 2022.
Notably, Vietnam’s tuna products to this market are becoming more and more diverse than last year. Specifically, if Vietnamese frozen tuna meat/loin products could not reach this market in last year, Vietnamese businesses received many orders in this year. And this group of products is the main export product of Vietnam to this Northern European country with a proportion of 47%.
Vietnam is currently the 5th largest tuna supplier to the Finnish market after Thailand and the Philippines. Along with Vietnam, this year Thailand’s tuna exports to this market also increased positively by 26%. And Thailand is the largest source of tuna outside the bloc for the Finnish market.
According to businesses, the Free Trade Agreement between the EU and Vietnam (EVFTA) is helping Vietnamese tuna businesses expand their commercial activities in this market in the context of rising tuna prices.