The Middle East accounts for 10% of Vietnamese tuna exports

Tuna

Seafood

Vietnam

Market & Price Trends

Innovation & Technology

Published Mar 1, 2024

Tridge summary

Vietnamese tuna exports to the Middle East, which account for nearly 10% of total tuna export turnover, have been impacted by economic instability and war throughout 2023. However, a recovery was observed from November 2023, with increased exports to Israel, Lebanon, UAE, and Turkey. Despite the high demands and requirements such as Halal certification for imported food products in the Middle East, it remains the fourth largest export market for Vietnamese tuna.

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

Economic instability and war between Israel and the Islamic movement Hamas in 2023 have affected the export of seafood in general and tuna in particular to this market. Vietnamese tuna exports to the Middle East have fallen steadily every month since the start of the year. It was only from November 2023 that tuna exports to this market tended to recover. Tuna exports from Vietnam to some markets in the Middle East region increased compared to the same period in 2022, for example: Israel (up 37%), Lebanon (up 17%), UAE (up 23%), Turkey (up 73%). ). %). Meanwhile, exports to some markets fell sharply, such as Egypt (down 47%), Saudi Arabia (down 78%). Currently, the Middle East is the fourth largest export market for Vietnamese tuna after the US, EU and CPTPP, accounting for nearly 10% of the total tuna export turnover. In recent years, facing many challenges in major consumer markets, Vietnamese tuna ...

Source: Fishretail