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Indonesia's Fishery Export Performance in First Half of 2024
WINDONESIA July 31, 2024
A fisherman in East Java. (East Java Province Media Center).
The export value of Indonesian fishery products in the first half of 2024 rose by 1 percent year-on-year (yoy) to US$2.71 billion (roughly Rp44.24 trillion) based on Marine Affairs and Fisheries Ministry data. The United States (US) is still the main destination country with an export value of US$889.39 million, or about 32.8 percent of total Indonesian fishery exports during the period.
Chine is in second place at US$556.04 million or 20.5 percent of total fishery exports, followed by Association of Southeast Asian Nations (ASEAN) members at a combined US$353.93 million or 13 percent of total fishery exports, Japan at US$285.47 million or 10.5 percent of total fishery exports, and the European Union (EU) at US$193.35 million or 7.1 percent of total fishery exports.
Although the US is still the main destination country, Marine Affairs and Fisheries Ministry's Ecology and Marine Resources Expert Staff Hendra Yusran Siri said that Indonesian fishery exports to the US actually decreased by 7.5 percent yoy. Likewise, Indonesian fish exports to Japan decreased by 16 percent yoy.
"The decline in exports occurred in exports to the US and Japan, while exports to China, ASEAN, and the EU increased. Indonesian fish exports to China rose by 9 percent, to ASEAN grew by 16.5 percent, and to EU increased by 18.9 percent," Hendra explained in a press conference at the Ministry's building in Central Jakarta on July 24, 2024.
Shrimp is at first place in the list of main Indonesian fishery export commodities throughout the first half of 2024 at US$755.79 million, although it also dropped by 13.6 percent yoy.
Tuna-skipjack-mackerel commodities is next, rising by 4.8 percent yoy to US$456.64 million, followed by the squid-cuttlefish-octopus commodities soaring by 34.2 percent yoy to US$396.94 million, the crab commodities increasing by 22 percent yoy to US$275.15 million. Meanwhile, seaweed dropped by 33.9 percent yoy to US$162.38 million.
"Our fishery exports reached US$2.71 billion [while] fishery imports reached US$220 million, so our trade balance has a surplus of US$2.49 billion," Hendra elaborated.
Furthermor, the Ministry continues to conduct diplomacy with embassies in various European countries to promote Indonesian fishery exports to the EU amid challenges presented by non-tariff barriers imposed on them.
"We are trying to penetrate the European market because there are non-tariff barriers at present. We approach through bilateral diplomacy and economic diplomacy [to resolve the issue], working together with our embassies in various countries," Hendra stated.
He added that diplomacy related to non-tariff barriers has been carried out for shrimp commodities to the US to ensure the food safety of Indonesian fishery products.
"Indeed, we have several partners to overcome these non-tariff barries, such as the Coordinating Ministry for Maritime Affairs and Investment," Hendra revealed
"As the EU is currently on summer vacation, we will start negotiating in September or October to ensure that our products enter the EU market without tariff or non-tariff barriers," he concluded.
Source: www.cnbcindonesia.com