Marine Exports Volume

March 2018


Released on 29 June 2018 | Download the complete release | pdfIcon 155 KB


  Mar 18
Feb 18
Jan 18
Dec 17

Total Volume (metric tons)
51.4 48.0 37.6 30.4
Tuna 39.9 38.1 31.9 22.4
Snapper 5.2 5.6 5.7 8.0
Others 6.4 4.3 - -
Aquarium Products (pieces)
32,413 16,689 28,801 5,806

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

A record high for exported invertebrates

Aquarium exports

The total aquarium exports edged higher similar to the spike in the beginning of 2018. Exported aquarium products increased by 94.2% over the month reaching a high record of 32,413 pieces since the 2013/14 when it had exceptionally high volumes of export. The main driver for higher amount of aquarium exports was the export of invertebrates which rose by 13,161 pieces reaching a new record of 27,991 pieces exported during the month. Other exported aquarium products such as soft coral, live hard coral, and live fish also increased except for shellfish. According to the Reserve Bank’s liaison program, there has been a favourable overseas market for Tonga’s aquarium products overseas and local suppliers are trying to meet the demand from respective buyers.

Additionally, the total exported aquarium products slightly rose over the year by 3,640 pieces (2.5%) due to a 21,693 pieces (27.8%) increase in exported invertebrates. This was partially offset by the decline in the export of all other aquarium products such as live hard coral, soft coral, live fish, and shellfish over the year.

Marine products

The total exported marine products1 slightly rose over the month by 3.5 metric tons (7.2%) due to an increase in exported seaweed and tuna by 3.6 metric tons and 1.8 metric tons respectively. These outweighed the decline in the export of shark meat and snapper.

However, the total exported marine products declined by 435.5 metric tons (19.2%) over the year to March 2018 largely driven by a 449.9 metric tons (21.8%) decrease in tuna exports due to lower number of foreign vessels registered to fish the Tongan waters. This was followed by a 14.9 metric tons and 8.0 metric tons fall in the export of shark meat and snapper respectively which outweighed a rise in the volume of exported seaweed.

Export Proceeds

The Ministry of Fisheries estimated the total value of the exported fisheries products to be $0.3 million in March 2018 which is in line with a $0.5 million of total proceeds reported by the banking system for the export of fisheries products. Liaison with the Ministry of Fisheries confirmed that local exporters include the cost of freight in their invoices to buyers which may explain the higher proceeds received over the month or lagged effects on the timing of receiving funds. The United States remained the highest source country for these marine exports receipts followed by Australia, South Korea, Japan and New Zealand.

In year ended terms, total marine export proceeds declined by $2.3 million (25.9%) to a total of $6.4 million coinciding with the annual decline in marine exports.

Outlook

The Reserve Bank expects a rebound for the fisheries sector in 2017/18 following a negative growth recorded in 2016/17. This is due to successful market development for our fisheries products as reflected in the recent high volume of exported aquarium products. Additionally, a number of initiatives and continued sector plans may continue to help the sector in future developments. These comprised of the Seafood Export Market Development including Market Development for Pearl which explores new markets to increase opportunities for fisheries exporters and pearl farmers in both Vava’u and Ha’apai. The Aquaculture Management and development plan include preparations towards developing and improving of the seaweed planting and marketing. The fisheries sector continues to benefit from the duty exemptions policy on fuel 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 - Excluding aquarium products


Marine Exports Volume Releases

Marine Exports Volume for 2018


pdfIcon March
Released on 29 June 2018 | 155 KB
   

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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