Vietnam's tuna exports increased 18% in the first nine months of 2024

Published Oct 28, 2024

Tridge summary

Vietnam has experienced a significant growth in its tuna exports in the first nine months of the year, with a total revenue of over US$728 million, marking an 18% increase compared to the same period last year. Israel has emerged as the most promising market, witnessing a 125% surge in imports of Vietnamese tuna, despite the country's political instability. Additionally, exports to the United States and the European Union have also seen notable increases of 16% and 21% respectively. However, the growth in tuna exports is threatened by rising domestic raw material shortages and the repercussions of the conflict between Israel and Iran in the upcoming quarter.

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

Original content

In the first nine months of this year, Vietnam's tuna exports totaled more than US$728 million, an increase of 18% year-on-year. Among them, Israel is the most eye-catching market, with Vietnam's tuna exports to the market increasing by 125%. However, the country's political instability has also led to unstable export activities to the market. As of September 2024, Vietnam's tuna exports to the market totaled nearly US$53 million, a year-on-year increase of 52%. In September, Vietnam's tuna exports to the United States and the European Union also increased. In the first nine months of this year, Vietnam's tuna exports to the United States totaled US$275 million, a year-on-year increase of 16%; total exports to the European Union increased by 21% year-on-year. The Vietnam Association of Aquatic Products Exporters and Processors said that at present, world shipping costs have fallen, especially the shipping costs from Asia to the West Coast of the ...

Source: Foodmate