Vietnam’s exporters advised to expand tuna exports to Middle East
Updated : Friday, October 19, 2018 9:29 AM (GMT+0700)

TheMiddle East is currently the best selection for Vietnamese exporters of cannedtuna to expand market in the context that the consumption demand in suchtraditional markets as the US and the EU are experiencing a slowdown, theVietnam Association of Seafood Exporters and Producers (VASEP) said.

 
Tunas caught by fishermen in Phu Yen - Source: VNA

Statistics of the VietnamCustoms showed that the export turnover of tuna to Middle East nations in thefirst nine months of 2018 enjoyed a year-on-year surge of 42 percent. Of thetotal value, 80 percent came from the export of canned tuna. 

Currently, the Middle Eastmarket buys about 16 million tuna cans, or 200,000 tonnes, from othercountries. In the region, Egypt, Arab Saudi and Israel are the three largestimporters of tuna, accounting for 21 percent, 19 percent and 11 percent of themarket share, respectively.

According to VASEP, among 14Middle East nations, Israel and Egypt are the two biggest buyers of Vietnamesetuna.

Vietnam’s tuna export revenueis expected to reach the target of 500 million USD in 2018, as the turnoveralready hit 351 million USD in the first seven months of this year.

Source:VNA

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