As of October, Vietnam’s shrimp exports to the Middle East dropped by 10% year-on-year

According to news from SeafoodMedia on December 6, as of October this year, Vietnam’s shrimp exports to the Middle East were US$39 million, a year-on-year decrease of 10%, accounting for 1.3% of Vietnam’s total shrimp exports. ​ During 2019-2022, Vietnam’s shrimp exports to the Middle East market ranged from US$41.5 million to US$49.8 million. Israel, Saudi Arabia, the United Arab Emirates, Qatar, Lebanon, Turkey, Iran, and Kuwait are the main purchasing countries in the Middle East. ​ In the first 10 months of this year, Vietnam’s shrimp exports to Saudi Arabia were US$7.6 million, a 42-fold increase year-on-year. Vietnam’s exports to Iran were US$1.7 million, an eight-fold increase year-on-year. Exports to Kuwait and Lebanon increased by double digits, and exports to Oman increased by double digits. Exports to China increased 16 times, and exports to Qatar increased 4 times. ​ Due to the weak agricultural and processing production capacity in the Middle East, it relies ...