Pakistan's Seafood Exports Reach New Heights in FY 2024-25

Strategic Insights -

Pakistan's seafood exports have marked a significant milestone in the fiscal year 2024-25, reaching a remarkable USD 489.2 million, a 20.5% increase from the previous year. This achievement is attributed to enhanced regulatory measures, export diversification, and sustained international demand. China retained its position as the top importer, purchasing over 99,238 metric tons of seafood worth USD 186 million.

Key Takeaways:

  • Pakistan's seafood exports reached USD 489.2 million in FY 2024-25, a 20.5% increase from USD 406 million in the previous year.
  • The Marine Fisheries Department's seafood annual export progress report highlighted enhanced regulatory measures and export diversification as key factors contributing to this growth.
  • China retained its position as the top importer, purchasing over 99,238 metric tons of seafood worth USD 186 million.
  • Thailand followed as the second-largest destination, importing seafood valued at USD 105.7 million.
  • The export value to the European Union surged by 44.4% to USD 13 million.
  • Fish meal led the growth with 79,090 metric tons valued at USD 160 million.
  • Shrimps, crabs, and mackerels also showed significant growth in exports.
  • Non-tax revenue from the fisheries sector jumped by 131.68%, from PKR 101 million in FY 2023-24 to PKR 234 million in FY 2024-25.

Statistics:

  • Seafood exports growth: 20.5% increase from USD 406 million to USD 489.2 million.
  • Export volumes growth: 19.8% increase to 242,484 metric tons.
  • Export value to the European Union: 44.4% increase to USD 13 million.
  • Non-tax revenue growth: 131.68% increase to PKR 234 million.
  • China's import: 99,238 metric tons of seafood worth USD 186 million.
  • Thailand's import: USD 105.7 million worth of seafood.

Sources:

  • "Federal Minister for Maritime Affairs Announces Pakistani Seafood Exports Reach USD 489.2 Million in FY 2024-25". Press Release, Muhammad Junaid Anwar Chaudhry, 2024.