On-the-Ground Updates

The Middle East Contributes 10% to Vietnam's Tuna Export Turnover in 2023

Tuna
Vietnam
Market & Price Trends
Nhu Nguyen
Published Feb 16, 2024
The Middle East is currently Vietnam's fourth largest export market after the US, EU, and CPTPP, accounting for nearly 10% of the total tuna export turnover. In 2023, the value of Vietnam's tuna exports to this market decreased by 130%, reaching USD 82 million. Some markets experienced growth compared to the same period in 2022, such as Israel (up 37%), Lebanon (up 17%), UAE (up 23%), and Turkey (up 73%), while others witnessed significant declines, including Egypt (down 47%), and Saudi Arabia (down 78%).
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