Vietnam: Positive signal of fish exports to the Middle East in 2023

Published 2022년 12월 7일

Tridge summary

The Middle East market has seen a significant increase in Vietnam's seafood exports, with a growth rate of 44% and accounting for nearly 3% of the total exports. The main seafood products exported include pangasius, tuna, shrimp, and other marine fishes and squid and octopus. Pangasius is the highest value item exported to the Middle East, with a 66% increase over the same period last year. The top three importers of Vietnamese pangasius are Egypt, UAE, and Saudi Arabia. Despite high inflation, the food consumption demand in Middle Eastern countries is not expected to be significantly affected. Economists predict that the Middle East region's economy will slow down in 2023, but pangasius exporters still view the Middle East as an optimistic destination due to forecasted more stable demand than other markets.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of November 2022, with sales of nearly 290 million USD from Vietnam, the Middle East market has had an impressive growth rate, up 44 % and accounts for nearly 3% of total seafood exports. The main seafood products exported to the Middle East market include pangasius, accounted for 44%, tuna accounted for nearly 30%, shrimp accounted for 16%, other marine fishes and squid and octopus accounted for 10%. Notably, pangasius is the item with the highest export value to the Middle East and the strongest increase in the past 11 months, with nearly 127 million USD, up 66% over the same period last year. This market segment accounts for nearly 6% of Vietnam's pangasius exports in 2022. Frozen pangasius fillets with HS code 0304 accounted for 91% of pangasius export value to Middle East countries, frozen whole pangasius with HS code 03 accounted for 8%, the remaining nearly 1% was processed ...

Source: Haiquanonline