Israel - The potential importer of Vietnam tuna

(seafood.vasep.com.vn) The first half of 2017, Vietnam's tuna exports to Israel continued to grow at a high level. As a result, Israel currently ranked as the 3rd largest tuna buyer of Vietnam in the period, behind the U.S and the EU. Through June 2017, Vietnam’s tuna sales totaled US$22.7 million, up 167% over the same period in 2016.

In the same period last year, Israel increased imports of fresh/live/frozen/dried tuna from Vietnam, this year the country boosted those of canned/processed item. In Jan-Jun 2017, Vietnam’s exports of processed tuna HS code 16 in the first half of 2017 reached US$2.5 million, accounting for 67% of total export value, up 153% over the same period of 2016.

VIETNAM TUNA EXPORTS TO ISRAEL BY PRODUCTS (US$)

Products

Jan-Jun 2017

Proportion (%)

Compared to 2016 (%)

Tuna HS code 03 (1)

1,240,374

33.4

23.8

Live/fresh/frozen/dried tuna (HS code 03, except for HS code 0304)

206,992

 

11.3

Tuna (HS code 0304)

1,033,383

 

26.6

Processed tuna HS code 16 (2)

2,474,655

66.6

153.0

Canned tuna (HS code 16)

671,007

 

213.1

Other processed tuna (HS code 16)

1,803,648

 

136.1

Total (1 + 2)

3,715,029

100.0

87.6

(Source: General Department of Vietnam Customs)

Thailand, Vietnam and China were top three biggest tuna suppliers to the market, accounting for 40%, 34% and 6%, respectively. This year, Israel increased tuna imports from Thailand and Vietnam and reduced imports from China.

Thailand and Vietnam stayed as the two largest exporters of canned tuna to Israel. Currently, imports of the item from Thailand occupied 49% while those from Vietnam accounted for 27%. Exports of canned tuna from Thailand and Vietnam to the market have all gone up compared to the same period last year. However, this year the export growth rate of processed/canned tuna from Vietnam (377%) to the market was much higher than that from Thailand (93%). Thus, Vietnam’s tuna products mainly compete with the same items from Thailand.

Meanwhile, in Israel’s frozen tuna segment, Vietnam kept as the main supplier to the market. Therefore, Israel continues to be the potential importing market of Vietnam’s frozen tuna in the coming time.

Vietnam's tuna export to Israel expected to go on the upward trend. Enterprises should boost their exports of frozen tuna loins/ fillets to the Israel market. 


SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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