Vietnam: Tuna exports to the Middle East reached the highest level in the past 5 years

Published 2022년 10월 13일

Tridge summary

The Middle East is the third largest market for Vietnam's tuna exports, with a 40% increase in export value in the first eight months of 2022 compared to the same period in 2021, reaching nearly $66 million. This is the highest level in the past five years. The Middle East imports mainly frozen tuna meat and loin products from Vietnam. Despite inflation and increased transportation costs in Middle Eastern countries, demand for tuna imports remains strong, especially from Saudi Arabia. Vietnam is the third largest tuna supplier to the Middle East, following Thailand and Indonesia.

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Original content

According to statistics of Vietnam Customs, the Middle East is the third largest tuna import market of Vietnam after the US and EU. Vietnam's tuna export value to this market in the first eight months of 2022 increased by 40% over the same period in 2021, reaching nearly $66 million, reaching the highest level in the past five years. Ms. Nguyen Ha, tuna market expert of the Vietnam Association of Seafood Exporters and Producers, said that there are 15 countries in the Middle East that are currently importing tuna from Vietnam, of which Israel and Egypt are 2. Vietnam's largest tuna import market in recent years. Notably in the Middle East market, Israel and Saudi Arabia are the 4th and 5th largest single tuna import markets of Vietnam in this period. In 2022, after the double shock of the Covid-19 epidemic and the Russia-Ukraine conflict, the inflation rate in Middle Eastern countries increased, especially Israel. Besides, transportation costs and increased tuna prices have ...

Source: Haiquanonline