Marine Exports Volume

February 2018


Released on 13 June 2018 | Download the complete release | pdfIcon 202 KB


  Feb 18
Jan 18
Dec 17
Nov 17

Total Volume (metric tons)
48.0 37.6 30.4 50.9
Tuna 38.1 31.9 22.4 37.0
Snapper 5.6 5.7 8.0 7.7
Others 4.3 - - 6.2
Aquarium Products (pieces)
16,689 28,801 5,806 8,373

Note: Numbers may not add up to the total volume due to rounding error.

Fish exports were favourable despite TC Gita occurred

Marine products

Despite the fact that Tropical Cyclone (TC) Gita hit Tonga during February 2018, the total exported marine products1 increased over the month by 10.4 metric tons (27.7%). Tuna and shark meat exports rose by 6.1 metric tons and 4.3 metric tons respectively. Liaison with marine exporters suggest that exporting of fresh tuna is usually best in the first few months of the year when it is still summer and sea waters are still warm.

However, total marine products exported declined by 257.3 metric tons (11.6%) over the year to February 2018 as both exported tuna and shark meat fell by a 272.3 metric tons (13.5%) and 6.4 metric tons (9.5%) respectively. This is largely attributed to less foreign fishing vessels registered to fish the Tongan waters. These outweighed the rise in the export of seaweed and snapper.

Aquarium exports

The total aquarium exports declined by 12,112 pieces (42.1%) to 16,689 pieces over the month but remained above the monthly average for February of the past five years which is 12,746 pieces. All variety of exported aquarium products declined during the month except exported shellfish. TC Gita had an unfavourable effect on the fishing of aquarium products during the month.

Similarly, total exported aquarium products fell over the year by 7,186 pieces (5.1%). This was due to lower exports of live hard coral, soft coral, live fish, and shellfish. These outweighed the annual rise in the export of invertebrates.

Export Proceeds

The Ministry of Fisheries estimated the total value of the exported fisheries products to be $0.3 million (FOB value) in February 2018 which was just slightly above the $0.4 million reported by the banking system for the export of fisheries products, reflecting the lagged effects on the timing of receiving funds. The United States (US) remained the highest source country for these marine exports receipts. Hawaii followed the US as the second highest source country for marine exports receipts.

In year ended terms, the total marine export proceeds declined by $1.6 million (18.7%) to a total of $6.9 million which is in line with the annual decline in both marine and aquarium exports.

Outlook

The Reserve Bank still expects growth in the fisheries sector to continue although growth will be subdued in 2017/18. This is based on the decline in the forecasted growth in this sector of 0.1% in 2016/17. The damaged vessels during TC Gita, lower number of foreign vessels registered to fish the Tongan waters and adverse weather effects contributed to the lower forecasted growth. However, a number of initiatives and the effort put into the implementation of Tonga’s Fisheries Sector Plan will continue to help the sector in future developments. These included the Aquaculture Management and development plan which includes plan on exploring new markets to increase opportunities for pearl farmers in both Vava’u and Ha’apai. The plan also include preparations towards planting of seaweed. The fisheries sector continues to benefit from the duty exemptions policy on oil and fishing gear and the initiatives of the Government’s Fisheries Development and Export Fund (FDEF) through the Government Development Loans facilitated by the Tonga Development Bank.


1 - Excluded aquarium products


Marine Exports Volume Releases

Marine Exports Volume for 2018


pdfIcon January
Released on 17 May 2018 | 174 KB
pdfIcon February
Released on 13 June 2018 | 202 KB 

2017


pdfIcon December
Released on 29 March 2018 | 180 KB
pdfIcon September
Released on 27 December 2017 | 208 KB

pdfIcon August
Released on 6 December 2017 | 216 KB
pdfIcon July
Released on 6 December 2017 | 214 KB

pdfIcon June
Released on 10 November 2017 | 221 KB
pdfIcon May
Released on 17 August 2017 | 403 KB

pdfIcon April
Released on 16 June 2017 | 237 KB
pdfIcon March
Released on 16 June 2017 | 237 KB

pdfIcon February
Released on 16 June 2017 | 222 KB
pdfIcon January
Released on 16 June 2017 | 230 KB

2016


pdfIcon December
Released on 9 June 2017 | 212 KB
pdfIcon November
Released on 5 May 2017 | 202 KB

pdfIcon October
Released on 8 May 2017 | 396 KB
pdfIcon September
Released on 8 February 2017 | 387 KB

pdfIcon August
Released on 8 February 2017 | 387 KB
pdfIcon July
Released on 31 October 2016 | 382 KB

pdfIcon June
Released on 5 September 2016 | 416 KB
pdfIcon May
Released on 5 August 2016 | 415 KB

pdfIcon April
Released on 28 July 2016 | 419 KB
pdfIcon March
Released on 11 July 2016 | 521 KB

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