Vietnamese tuna exports to Egypt surged by 65%

Published Nov 20, 2020

Tridge summary

In the first eight months of 2020, Egypt emerged as the seventh largest importer of Vietnamese tuna, contributing 2.4% to the total export value. The tuna exports to Egypt saw a significant increase of nearly 65% compared to the same period in 2019, amounting to over 10 million USD. The exports primarily consisted of processed and canned tuna products, with canned tuna making up over 95% and mainly being skipjack and bigeye tuna in oil or salt. Only five Vietnamese enterprises, including Tuna Vietnam and FOODTECH JSC, are currently participating in this market. This trend is particularly notable as Egypt has been reducing its tuna imports from Thailand and Indonesia while increasing them from Vietnam, offering a promising opportunity for Vietnamese businesses to expand their presence in the Egyptian market.

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

Original content

(seafood.vasep.com.vn) Egypt is the 7th largest tuna importer for Vietnamese tuna, accounting for 2.4% of the total value of Vietnam's tuna exports to markets in the first 8 months of 2020. Although the proportion is not large, the export of tuna to Egypt in the first 8 months of 2020 was quite impressive (especially in the past two months - July and August 2020). By the end of August 2020, Vietnam's tuna exports to Egypt reached more than 10 million USD, up nearly 65% over the same period in 2019. Egypt imports mainly processed and canned tuna products from Vietnam. In which, canned tuna products accounted for more than 95%. Mainly processed and canned tuna products exported from Vietnam to Egypt were skipjack and bigeye tuna in oil or in salt. The average price of canned tuna products from Vietnam to Egypt in the first 8 months of 2020 was US$2.9/kg. Compared to the same period in 2019, the average export price of canned tuna in Vietnam tended to be lower. Currently, there are ...

Source: Vasep