Iran’s fishery exports up by 33% y/y in April-August
Iran saw a major increase in its exports of fishery products in the five months to late August amid continued efforts by the government to diversify its revenue sources.
Head of Iran Fisheries Organization said on Sunday that fisheries exports form the country had reached nearly 119,000 metric tons (mt) worth $187 million in the five months to August 21.
Citing figures from Iran’s customs office, Seyyed Hossein Hosseini said that fisheries exports from the country had increased by 33% in value terms and by 43% rise in volume terms compared to April-August 2023.
Marine fish exports accounted for some 40.7 % of the shipments registered by the Iranian customs in the five months to late August, followed by commercial fish feed at 21.4% and shrimps at 17.1%, said Hosseini.
He added that Iran’s exports of caviar had also increased over the same period to reach 2.328 kilograms while exports of cyprinid and trout had reached 9,651 mt and 5,711 mt, respectively.
The official said that Iran’s imports of products and ingredients needed in the fisheries industry had amounted to nearly $61 million in the first five months of the current calendar year.
Iran has reported major increases in its non-oil exports in recent years amid efforts to diversify the economy away from crude oil revenues.
Reports suggest the country has earned billions of dollars from agricultural exports in the past couple of years.
The expansion of fishery and aquaculture activities in Iran has also led to increased consumption of seafood products inside the country, allowing the government to cut back on imports of staples like red meat.
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