Middle East accounts for 10% of Vietnam's tuna exports

Tuna

Seafood

Vietnam

Market & Price Trends

Published Feb 27, 2024

Tridge summary

Vietnam's tuna exports to the Middle East have been affected by economic instability and the 2023 Israel-Hamas war, with a decline observed since the start of the year, though a recovery was noted in November 2023. While exports to Israel, Lebanon, UAE, and Turkey increased, those to Egypt and Saudi Arabia declined. The Middle East, accounting for nearly 10% of Vietnam's total tuna export turnover, has stringent import requirements, including Halal certification. The Vietnam Trade Office in Saudi Arabia has urged seafood exporters to comply with these regulations to prevent product detention or return.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The economic instability and the war between Israel and the Hamas Islamic in 2023 have affected seafood export activities in general and tuna in particular to this market. Vietnam's tuna exports to the Middle East have continuously decreased every month since the beginning of the year. And only until November 2023 did tuna exports to this market tend to recover. Vietnam’s tuna exports to some markets in the Middle East region recorded an increase over the same period in 2022, such as: Israel (up 37%), Lebanon (up 17%), UAE (up 23%), Turkey Ky (up 73%). Meanwhile, exports to some markets decreased sharply, such as: Egypt (down 47%), Saudi Arabia (down 78%)... Currently, the Middle East is Vietnam's 4th largest export market of Vietnam tuna after the US, EU and CPTPP, accounting for nearly 10% of total tuna export turnover. In recent years, facing many challenges from main consumption markets, Vietnamese tuna enterprises have turned to smaller but potential markets such as the ...

Source: Vasep