The export value of Vietnamese tuna exports to the Israeli market by mid-August jumped by 34 percent to nearly 25 million USD compared to the same period last year, or accounted for 5.6 percent of the total tuna export value, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Fishermen bring tuna to storage in Tien Chau port, Tuy An district of Phu Yen province. (Photo: VNA)
Hanoi (VNA) - The export value of Vietnamese tuna exports to theIsraeli market by mid-August jumped by 34 percent to nearly 25 million USDcompared to the same period last year, or accounted for 5.6 percent of thetotal tuna export value, according to the Vietnam Association of SeafoodExporters and Producers (VASEP).
Israel continues to be Vietnam’s third-largest single tuna export market,behind the US and Italy.
According to VASEP, tuna export turnover was estimated at over 410 million USDin seven months of this year, up 21 percent annually. Vietnam’s major importersinclude the US, Europe, Israel, Canada and Japan. The US was the largest importerwith a value of over 170 million USD.
Despite experiencing a decline in 2019, since the end of 2020, tuna exports tothe market have consistently bounced back, with the average export price in themarket hovering at 5,464 USD per tonne.
Most notably, Vietnamese frozen tuna fillets coded HS03048700 remain the keyexport product in the market, accounting for 47 percent of the total exportvalue.
According to statistics released by the International Trade Centre (ITC), thefirst half of the year saw Vietnam surpass Thailand to become the largest tunasupplier to Israel, accounting for roughly 31 percent of their overall importvalue.
Furthermore, Israel simultaneously reduced tuna imports from other countries,while also increasing imports from the Vietnamese market.
At present, there are eight local enterprises, including Tuna Vietnam,Bidifisco, and Havuco which are actively involved in exporting tuna to theIsraeli market./.
Tuna exporters in the central provinces of Khanh Hoa, Binh Dinh and Phu Yen said the number of tuna orders from the US, Canada, Brazil and Columbia in January rose significantly as compared to the same time last year.
Vietnam’s aquatic export is hoped to hit 9 billion USD in 2021 thanks to the recovery of consumption in key markets such as the US, the European Union (EU), and other potential markets.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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Fishermen bring tuna to storage in Tien Chau port, Tuy An district of Phu Yen province. (Photo: VNA) 
