Fishery exports from Myanmar surges by USD $ 100 million despite COVID – 19 pandemic

Fishery exports from Myanmar have increased by $100 million as of June 5 since October 1, the beginning of the 2019-2020 fiscal year, compared to the same period last fiscal year, according to data from the Ministry of Commerce.

In this fiscal year, the country has earned $670.13 million this fiscal-year contrast to $569.418 million in the last fiscal year.

However, during the earliest days of the COVID-19 pandemic, fishery export to China almost stopped causing concerns that Myanmar’s fishery sector was at the brink of collapse. Fortunately, the stakeholders later managed to resume fishery exports to China and increase exports through sea routes as well.

Myanmar’s fishery export heavily relies on China, which accounts for 60 percent of the country’s total fishery exports, and the remaining 40 percent to the EU and other countries. 

According to Fishery Statistics 2018 by the Department of Fisheries, which is the most recent official data, Myanmar produces 5.87 million metric tons of fishery products that year, of which 46 percent is freshwater fish, and 54 percent is marine fish. 

(Myanmar Business Today: https://mmbiztoday.com/fishery-export-surges-by-100-million-despite-covid-19/ )

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