According to Vietnam Export data, the export value of Vietnamese tuna exports to the Israeli market by mid-August increased by 34% to nearly US$25 million as compared to the same period last year or accounted for 5.6% of the total tune export value.

As per the Import and Export Data of Vietnam, the major importers of the country include the US, Europe, Israel, Canada, and Japan. The US was the largest importer with a value of over US$170 million.

According to Vietnam Custom Data, accumulated to August 15, the total value of Vietnam’s tuna exports to Israel increased by 34% over the same period in 2020, reaching $25million and accounting for 5 to 6% of total tuna exports.

According to Vietnam Export Data, the country surpassed Thailand to become the largest tuna supplier to Israel, accounting for nearly 31% of total tuna imports. When Israel’s tuna imports from most markets decreased, imports from Vietnam increased.

The tuna export turnover was estimated at over 410 million USD in seven months of the year, up by 21% annually. The major importers of tuna include Israel, Canada, Japan, and Europe. Despite experiencing a fall in 2019, since the end of 2020, tuna exports to the market have consistently bounced back, with the average export price in the market hovering at 5464 USD per ton.

Vietnamese frozen tuna remains the key export product in the market accounting for 47% of the total exports value. The first half of the year witnessed Vietnam surpassed Thailand to become the largest tuna supplier to Israel, accounting for approximately 31% of their overall import value.

Furthermore, Israel reduced the imports of tuna from other countries, simultaneously increasing imports from the Vietnamese market. Israel continues to be Vietnam’s third-largest single tuna export market behind the US and Italy.

Eight companies ship tuna fish to Israel, however despite the treasure trove of opportunities for Vietnamese tuna to the market the local tuna industry is projected to face many difficulties due to the fourth wave of the Covid-19 pandemic with many enterprises reducing their processing.