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The generous fishing of Patagonian shrimp has been the central axis of exports. (Photo: pescachubut.com)

Fishing restated among the country’s main exporting complexes

Click on the flag for more information about Argentina ARGENTINA
Thursday, March 14, 2019, 21:30 (GMT + 9)

During 2018, the fishing industry exported 489,173 tonnes of seafood in exchange for USD 2,148 million, which meant a growth of 2.9 per cent in volume and 8.6 per cent in foreign currency compared to 2017.

The activity generated by the sector allows it to confirm its place among the main exporting complexes in the country. A recent INDEC report places the fishing activity as the eighth in importance over steel, grapes, and aluminum, among others.

Graph source: Indec

In terms of percentage participation, fishing today accounts for 3.5 per cent of total exports generated by Argentina. Its growth appears anchored to the exponential growth of the shrimp and also to the increase in international prices.

Regarding the influence of squid-related shellfish, INDEC highlights that of the total exported, crustaceans and molluscs participated with 75.1 per cent; fresh and frozen fish, with 23.5 per cent, and fishmeal and preserved seafood, with 1.4 per cent.

Blue: shellfish/shrimp | Brown: fresh and frozen fish | Yellow: fishmeal and preserved products (Graph source: Indec.)

The main export markets for crustaceans and molluscs were: the European Union (USD 680 million), China (USD 446 million), ASEAN (USD 117 million), Japan (USD 84 million) and NAFTA (USD 81 million).

For its part, the main destinations for exports of fresh and frozen fish were: the European Union (USD 108 million), Mercosur (USD 90 million) and NAFTA (USD 70 million).

Another fact that marks the jump given by the industry is clear from the global currency generated. In the last three years they grew by 46.3 per cent, from USD 1,468 million in 2015 to USD 2,148 million during the last year.

Source: Pescare

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