Marine Exports Volume

March 2017


Released on 16 June 2017 | Download the complete release | pdfIcon 237 KB


  Mar 17
Feb 17
Jan 17
Dec 16

Total Volume (metric tons)
161.0 238.1 224.0 164.5
Tuna 146.7 226.5 209.3 147.2
Snapper 6.1 8.0 10.9 14.4
Others 8.2 3.6 3.7 2.9
Aquarium Products (pieces)
5,574 9,264 12,528 12,789

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

Both marine and aquarium products declined in March

Marine Exports

After three consecutive months of strong growth, exports of fisheries products slowed over the month. Total exported marine products1 for March fell by 77.1 metric tons (32.4%) to 161.0 tonnes, which is similar to the average March exported volume. The decrease in tuna and snapper exports of 79.8 metric tons (35.2%) and 1.9 metric tons (23.9%) respectively were substantial enough to outweigh a 4.6 metric tons (130.2%) increase in exported shark meat.

However, total marine products exported rose by 688.0 metric tons (44.2%) over the year to March 2017 largely driven by a 695.9 metric tons (51.3%) increase in tuna exports. This was followed by the export of shark meat and snapper which rose by 24.9 metric tons (55.1%) and 21.0 metric tons (21.4%) respectively. This offset a decrease in the export of seaweed, shark fin, and reef fish.

Aquarium Exports

The total aquarium exports continued to decline over the month by 3,690 pieces (39.8%) driven by lower exports of all aquarium products except live fish. The export of live fish slightly rose by 479 pieces (111.9%). Aquarium products that declined over the month included invertebrate by 3,528 pieces, soft coral by 457 pieces, live hard coral by 104 pieces, and shellfish by 80 pieces.

Similarly, total exported aquarium products fell over the year by 16,108 pieces (11.1%). This was due to lower export of invertebrate (14,587 pieces), live fish (6,455 pieces), and shellfish (4,315 pieces) over the year which outweighed an increase in soft and live hard coral of 5,478 and 3,771 pieces respectively.

Exports Proceeds

The Ministry of Fisheries estimated the total value of the marine exports2 proceeds to be $0.9 million in March 2017. However, $1.0 million was reported by the banking system that was received for export of fisheries products. The export proceeds rose by $0.1 million (7.9%) over the month which is in line with the increased volume of exported shark meat, and rise of coral exports. The United States remained the highest export destination for the marine exports followed by Hawaii, New Zealand, and Hong Kong.

Over the year to March 2017, the 44.2% growth in total marine exports coincided with a $2.0 million (21.9%) rise in the total proceeds received. The strengthening of the US dollar against the Tongan pa’anga supported the higher export receipts during the year, as the main export destination countries are the US, Hawaii, New Zealand and some European countries. According to the liaison with individuals involved in the sector, the better weather conditions during the year and the increased number of fishing vessels supported by the Government Development loan scheme contributed to the annual growth.

Outlook

The Reserve Bank continues to expect the fisheries sector will grow, with tuna exports being the main contributor. This is supported by the Fisheries Sector Plan that the Ministry of Fisheries is determined to implement. The key focal points included in this plan are to develop the Special Management Areas program, particularly on coastal and commercial fisheries and also the economic development of commercial fisheries and aquaculture. This sector also continues to benefit from the consumption tax and custom duty exemptions on oil and fishing gear, as well as the Fisheries Development and Export Fund (FDEF) initiatives by the Government through its Government Development Loans facilitated by the Tonga Development Bank. Additionally, according to the Ministry of Fisheries, “the mabe pearl industry in Ha'apai is progressing well and shows great potential to provide income and livelihood benefits for the communities of Ha'apai”, which supports the positive outlook for the fisheries sector.


1 - Excluded aquarium products
2 - Both marine and aquarium products


Marine Exports Volume Releases

Marine Exports Volume for 2017


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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