Thai and Vietnamese tuna exports to the Middle East are recovering

Published 2024년 5월 13일

Tridge summary

Thailand's tuna exports to the Middle East experienced a decline in 2023, with a 21% drop in value and 27% drop in volume compared to 2022, making it the second-largest export market after the United States. However, exports to the region are on the mend in 2024, with Thailand's tuna exports to the Middle East, including to Saudi Arabia, its fifth largest single export market, seeing a 26% increase in the first two months of 2024. Despite this, Middle Eastern importers are diversifying their tuna sources to include countries such as Vietnam, China, and the Seychelles to avoid over-reliance on Thailand.

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

Original content

Compared with 2022, Thailand's tuna exports to this market fell by 21% in value and 27% in volume. The Middle East fell to second place in Thailand's export market after the United States, accounting for 22% of total exports in 2023. Entering 2024, Vietnam and Thailand's tuna exports to the Middle East are recovering. Although Vietnam's tuna exports to this market have been unstable, Thailand's exports are increasing. According to Thai customs statistics, the country's total tuna exports in the first two months of 2024 were nearly US$124 million, an increase of 26% over the same period in 2023. Among the Middle Eastern countries, Saudi Arabia is the largest buyer of Thai tuna and the country's fifth largest single export market, accounting for Thailand's 2023 Saudi Arabia is also one of the few Middle Eastern countries that has increased its purchases of Thai tuna in the past year. Thai tuna ranks first ...

Source: Foodmate