Vietnam promotes tuna exports to the Middle East

Published 2021년 12월 10일

Tridge summary

The Middle East is a significant market for Vietnam's tuna exports, ranking as the fourth largest market following the US, EU, and CPTPP. The region is particularly important for Israeli, Egyptian, and Lebanese markets. Exports to Israel have seen a notable increase of 39% in 2021, while exports to Egypt and Lebanon have experienced a decline. As of the first 10 months of 2021, Israel is the second largest tuna market for Vietnam, accounting for 6% of the total tuna value. Despite the COVID-19 pandemic, demand for tuna imports in the Middle East is expected to rise, with 28 enterprises currently exporting to this market. Leading companies like Tuna Vietnam, Tan Phat Canned Food, and Bidifisco are playing a crucial role in this growth.

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

Original content

The Middle East continues to be Vietnam's fourth largest tuna export market after the US, EU and CPTPP. Currently, there are many tuna enterprises redirecting their exports to the Middle East markets. The Middle East is a potential tuna export market. However, the development of exports to this market has many ups and downs. Currently, Israel, Egypt and Lebanon are the three largest tuna import markets of Vietnam in this market block. If last year, tuna exports to Israel were stagnated, this year tuna exports to this market have increased again. Currently, Israel is Vietnam's second largest single tuna export market after the US, accounting for 6% of the country's total tuna value in the first 10 months of the year. Compared to the same period in 2020, tuna exports to this market increased by 39%. Meanwhile, exports to Egypt fell again after booming last year. In 2019, Vietnam's tuna exports to Egypt sometimes increased by 3 digits compared to the same period in 2019, ...

Source: Vinanet