Vietnamese tuna exports to Saudi Arabia have increased dramatically

Published 2022년 5월 17일

Tridge summary

Within just 9 months, Vietnam's tuna exports to Saudi Arabia have seen a dramatic increase, rising from 85,000 USD to nearly 5 million USD, making it the third largest market after the US and Canada. This growth is due to the Saudi Food and Drug Administration permitting 12 Vietnamese seafood companies to re-export products to Saudi Arabia. On the other hand, tuna exports to the Netherlands has decreased, with Germany now becoming the fifth largest single import market and the largest tuna import market of Vietnam in the EU. This surge is attributed to the restarting of preferential tariff quotas under the Free Trade Agreement between Vietnam and the EU in 2022. The US also continues to be a significant market for Vietnamese tuna, with expectations of further growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In July 2021, the first tuna shipments from Vietnam were exported to the Saudi Arabian market. After only 9 months, the value of Vietnam's tuna exports to this market increased from 85,000 USD to nearly 5 million USD as of March 2022, an increase of 57 times. Tuna exports to many markets reversed and increased sharply. Exports increased 57 times According to statistics of Vietnam Customs, Saudi Arabia is the third largest single tuna export market of Vietnam after the US and Canada. According to Ms. Nguyen Ha, tuna market expert of VASEP, on September 8, 2020, the Embassy of Saudi Arabia in Vietnam sent a note to the Vietnamese authorities to notify the opinion of the General Department. The Saudi Food and Drug Administration (SFDA) allows 12 Vietnamese seafood enterprises to re-export some seafood products to the Saudi Arabian market, including processing and exporting companies. tuna exports. The above regulation has opened a new market for Vietnam's tuna industry, especially in ...

Source: Vinanet