20% increase in Maldives’ fish exports of 2020

Maldives Industrial fisheries company (MIFCO) canning and processing unit in 2018 | Photo: Avas

Malé, Maldives— The Maldives Monetary Authority (MMA) has informed that the export of fish in Maldives has shown a tremendous growth in 2020, with an increase of 20% compared to the year before.

The latest statistics revealed by MMA shows that there has been an increase of 20% in the amount of fishes that were exported from Maldives in the year 2020 compared to 2019.

Despite the global pandemic in 2020, MMA revealed that Maldives exported 67,703 metric tons of fish in 2020 while the figure was only 56421 metric tons of fish in 2019.

While the tourism sector of Maldives was the most severely affected in the island nation due to the Covid-19 pandemic, the fisheries sector also suffered losses due to the restrictions in the movement and due to the lockdowns in the country.

Despite this, Maldives managed to export 20% more fish in 2020 compared to the year before due to the staggering level of exports during the month of December. Statistics show that in December 2020, Maldives exported 14460 metric tons of fish.

MMA further informed that the biggest export markets for the fish from Maldives in 2020 was Thailand. Along with this, Germany, India, UK and France were also considered significant export markets for Maldivian fish products.