The Indonesian Fishery Export Trend Surplus Over The Last Five Years, This Commodity Is The Most Interested

JAKARTA - The Ministry of Maritime Affairs and Fisheries (KKP) reports that Indonesia's fishery product balance in the last five years has recorded a surplus. This can be seen from the greater value of Indonesia's exports than their imports.

Head of the Supervision and Control Agency for Marine and Fishery Product Quality (BPPMHKP) KKP Ishartini said the export of Indonesian fishery products reached 5.63 billion US dollars throughout 2023. Meanwhile, the import value was only US $ 0.65 billion.

In fact, Ishartini said, the recorded import value is only for fish commodities that are not available in Indonesia or the supply is still small. Such as macaquel, salmon and crabs.

"So, our balance sheet is a surplus, our imports are only 0.65-0.7, very small. That too is only to meet their markets whose types we don't have in Indonesia," Ishartini said at a press conference at his office, Thursday, October 24.

Meanwhile, Indonesia's largest exports of fishery products are dominated by superior commodities, such as shrimp which reached 1.73 billion US dollars in 2023. Then, tuna-tongkol-cacalang worth 927.13 million US dollars and squid worth 762.58 million US dollars throughout 2023.

Ishartini also revealed that Indonesia's highest exports were recorded at 6.24 billion US dollars throughout 2022. This figure experienced the highest increase because in 2018 Indonesia's exports were only US$4.86 billion.

Then, 4.94 billion US dollars in 2019, amounting to 5.21 billion US dollars in 2020 and 5.72 billion US dollars in 2021.

"If we look at the trend from the last five years or approximately (exports of fishery products) of around 5.5 (billion US dollars) yes, the highest is in 2022 we will reach 6.2 billion US dollars and in 2023 it will be 5.63 billion US dollars," he said.

Meanwhile, Indonesia's fishery import data in the last five years was recorded at less than US$1 billion. The highest was recorded at US$0.7 billion in 2022, while the lowest imports occurred in 2020, which was US$0.41 billion.

The top three commodities imported consisted of a macaque of 136.97 million US dollars, 76.49 million US dollars of salmon and 72.08 million US dollars of crabs.

It is known, the world fisheries market throughout 2023 reached US$184.5 billion with an average growth over the past five years of 3 percent. The five countries that are the main exporters of fisheries in the world are China, Norway, Ecuador, Chile and Vietnam.