December 27, 2023

Value of Maldives' fish exports hit US$130 million as of November this year

The Maldives has exported MVR 2.1 billion (US$130 million) worth of fish as of November 2023.

The country's central bank, Maldives Monetary Authority (MMA), and Maldives Customs data show that fish exports stood at MVR1.9 billion (US$123 million) during the same period last year. As such, exports for the current period are up 10.3% from last year.

According to statistics, among the various types of fish exports, skipjack tuna, and yellowfin tuna were the most prominent, with fish worth MVR1.4 billion (US$91 million) exported both fresh and frozen. Additionally, canned and poached fish worth MVR500 million (US$32 milllion) were also exported until November.

According to the latest MMA data, skipjack tuna is currently priced at MVR26.2 (US$1.70) per kilogramme in the international market.

- avas