Tuna exports to Israel skyrocket by 83%
VOV.VN - Vietnamese tuna exports to Israel during the initial five months of the year skyrocketed by 83% to nearly US$21 million despite experiencing a downward trajectory in some major markets throughout the Middle East, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Unlike frozen tuna loin, the export of canned tuna to the Middle East market tended to recover in May and rose sharply by 75% against the same period from last year.
Meanwhile, tuna exports to Saudi Arabia plummeted by 81% to nearly US$3 million during the reviewed period.
Furthermore, Egypt and Jordan also moved to reduce tuna imports from Vietnam as exports to these markets fell by 83% and 20%, respectively.
VASEP statistics indicate that five-month tuna exports to the Middle East region dropped by 21% to US$32 million year on year, with canned tuna and frozen tuna loin products accounting for 48% and 43%, respectively, becoming the country’s two main export items to this market.
Industry experts say tuna exports to the Middle East are not likely to bounce back in the coming time as economies across the region are anticipated to slow down this year due to high inflation coupled with rising interest rates.
