Marine Exports Volume

June 2018


Released on 5 October 2018 | Download the complete release | pdfIcon 163 KB


  Jun 18
May 18
Apr 18
Mar 18

Total Volume (metric tons)
9.3 81.4 8.3 51.4
Tuna 1.1 53.6 4.4 39.9
Snapper 8.1 8.8 3.9 5.2
Others 0.1 19.1 0.0 6.4
Aquarium Products (pieces)
28,449 15,465 17,559 34,352

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

Exported Aquarium trends favourably over the month

Aquarium exports

The total aquarium exports increased by 84.0% over the month of June 2018. Higher exports over the month was due to a rise in all types of exported aquarium products which includes invertebrate, live hard and soft coral, shellfish and live fish. The amount of aquarium exports picked up since the beginning of 2018 and liaison suggests that this was due to new market opportunities abroad which exporters are now trying to meet demand from their respective buyers.

Additionally, the total exported aquarium products rose over the year by 60,974 pieces (49.0%) mainly driven by a 60,163 pieces (88.7%) increase in exported invertebrates. This was followed by a rise in live hard coral and shell fish which outweighed a decline recorded for live fish and soft coral over the year.

Marine products

The total exported marine products1 declined over the month by 72.1 metric tons (88.6%) as all varieties of exported fish decreased over the month such as tuna, shark meat and snapper. The very low exports during June 2018 was due to no foreign fishing vessel. However, in comparison to April 2018 where no foreign fishing vessel returned with their catch, the total volume of exported marine product in June is higher by 1.0 metric tons attributed to catch of local fishing vessels.

Additionally, the total exported marine products declined by 1,414.2 metric tons (54.2%) over the year to June 2018 largely driven by a 1,361.5 metric tons (57.4%) decrease in tuna exports due to lower number of foreign vessels registered to fish the Tongan waters. This was followed by a 69.7 metric tons and 37.3 metric tons fall in the export of snapper and shark meat respectively which outweighed a rise in the volume of exported seaweed.

Export Proceeds

The total receipts for exports of all fisheries products as reported by the banking system doubled over the month of June recording a total $0.6 million. This coincided with the rise in aquarium exports, it could also reflect the advance payment of fisheries export for the upcoming month (Figure 3).  The United States remained the highest source country for these marine exports receipts followed by Hawaii, Australia, South Korea, the Euro Area and Japan. In year ended terms, total marine export proceeds declined by $3.2 million (36.1%) to a total of $5.6 million coinciding with the annual decline in marine exports.

Outlook

The Reserve Bank expects continues to expect that the volume of fisheries export to decline in the near term due to less foreign vessels with higher operation capacity which are available to fish the Tongan waters. However, the on-going initiatives from the Ministry of Fisheries may help to increase and sustain the supply of fisheries products. Additionally, the sector benefits from the duty exemptions policy on oil and fishing gear and the initiatives of Fisheries Development and Export Fund (FDEF) by the Government through its Government Development Loans facilitated by the Tonga Development Bank will also support growth in the Fisheries sector. However, adverse weather and damage to boats remains the largest risk to potential growth of the sector.


1 - Excluding aquarium products


Marine Exports Volume Releases

Marine Exports Volume for 2018


pdfIcon May
Released on 5 October 2018 | 174 KB
pdfIcon June
Released on 5 October 2018 | 163 KB

pdfIcon March
Released on 29 June 2018 | 155 KB
pdfIcon April
Released on 5 October 2018 | 154 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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