Marine Exports Volume

August 2017


Released on 6 December 2017 | Download the complete release | pdfIcon 216 KB


  Aug 17
Jul 17
Jun 17
May 17

Total Volume (metric tons)
274.0 293.9 398.5 36.4
Tuna 254.2 279.9 378.7 29.7
Snapper 9.8 11.0 10.5 5.8
10.0 3.0 9.4 0.8 8.2
Aquarium Products (pieces)
10,649 7,634 11,471 6,049

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

A favourable month for coral exports despite continued lower marine exports

Aquarium Exports

The total aquarium exports rose over the month by 3,015 pieces (39.5%), due to higher exports of corals. The export of live hard corals increased the most by 1,749 pieces, followed by soft corals with 765 pieces. Other aquarium products that increased over the month were live fish and shellfish with 738 pieces and 310 pieces respectively. However, the amount of exported invertebrates declined by 547 pieces which was in line with the decline in international departures of Tongan residents as they usually take a variety of invertebrate overseas. Seasonality is also a factor that contributed to changes in volume of exported aquarium products.

However, total exported aquarium products declined over the year to August 2017 by 23,268 pieces (15.9%). This was due to lower exports of invertebrates (16,532 pieces), live hard corals (2,909 pieces), live fish (2,633 pieces), and shellfish (1,476 pieces) over the year, which outweighed an increase in exported soft corals of 282 pieces.

Marine Exports

The total marine exports in August 2017 slightly declined by 19.9 metric tonnes (6.8%) driven by lower exports of both tuna and snapper which fell by 25.7 metric tonnes and 1.2 metric tonnes respectively. Exports of shark meat, on the other hand, rose by 7.0 metric tonnes.

In year ended terms, the total exported marine products rose by 641.4 metric tons (32.0%) which was largely driven by a 603.7 metric tons (33.2%) increase in tuna exports. Exported snapper also rose by 53.0 metric tonnes (51.5%). These outweighed a decrease in the volume of seaweed, shark meat and reef fish exports over the year.

Exports Proceeds

The total value of marine exports1 proceeds was estimated by the Ministry of Fisheries to be $1.5 million for the month of August 2017. However, the banking system reported that $0.6 million was received for the export of fisheries products. Export proceeds rose over the month by $0.2 million (36.8%) coinciding with the rise in the export of aquarium products and could also be due to the lagged effects in marine export receipts. Nonetheless, the United States remained the highest export destination for Tonga’s marine products.

Over the year to August 2017, a 32.0% growth in total marine exports coincided with a $0.5 million (5.7%) rise in the total proceeds received. According to the liaison with individuals involved in the sector, the better weather conditions during the year contributed to the annual growth.

Outlook

The Reserve Bank expects that the fisheries sector will continue to grow, with tuna exports being the main contributor. 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 Loan scheme facilitated by the Tonga Development Bank will also support growth in the Fisheries sector. There are various other initiatives facilitated by the Ministry of Fisheries such as the stock enhancement programme in which the Ministry released 1,500 sea cucumber juveniles into the sea during the month2. However, adverse weather and damage to boats remains the largest risk to potential growth of the sector.


1 - Both marine and aquarium products
2 - Source: http://tongafish.gov.to/index.php/11-news/61-first-release-of-sea-cucumber-juveniles-into-the-sea


Marine Exports Volume Releases

Marine Exports Volume for 2017


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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