Vietnam: Unexpectedly, seafood exports to Algeria increased by 56%

Published May 18, 2022

Tridge summary

In the first quarter of 2022, Vietnam saw a 56% increase in seafood exports to Algeria, reaching a value of $780,055, primarily composed of frozen pangasius and basa filet. Despite having a long coastline, Algeria's fishing production is limited, leading to high seafood prices and reliance on imports. The country imports about 32,000 tons of seafood annually, with a turnover of $90-100 million, and imposes a 53% total import tax and fee. Vietnamese seafood, particularly pangasius and basa filet, is popular in Algeria due to its quality and price, though Covid-19 has increased freight rates and selling prices. Vietnamese businesses exporting to Algeria must comply with the country's regulations on food preservative additives and note the temporary ban on tuna and canned fishery products.

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Original content

In the first 3 months of 2022, the value of seafood exports to Algeria reached $780,055, up 56% over the same period in 2021, mainly frozen pangasius and basa filet. Although the coastline is nearly 1,000 km long, the fishing output of Algeria is only 100,000 tons/year, the Vietnam Trade Office in Algeria said. Seafood in Algeria is very expensive, not suitable for the income of the majority of people. According to Algerian Customs, each year, this country imports 32,000 tons of seafood, with a turnover of 90-100 million USD. The main supplying countries include: Tadjikistan, Spain, China, India, Vietnam and Morocco. Total import tax and fee is 53% (of which import tax is 30%, value added tax (VAT) 19%, withholding tax 2% and solidarity tax 2%). Before the Covid-19 pandemic, the value of Vietnamese seafood exports to Algeria was about 10 million USD/year. However, in 2021, our country's export value to this market will only reach 1.5 million USD. In the first 3 months of 2022, ...

Source: Vinanet