Argentina: Fishing exports increased 18% in May

Published 2024년 7월 1일

Tridge summary

The article reports a significant increase in the export of primary products and agricultural manufactures, with the fishing sector seeing an 18.2% rise, largely due to squid and hake filets. Despite this, shrimp exports have declined. Europe remains the dominant export destination, followed by Asia and Latin America. Hake fillets have experienced an 18% increase in demand, largely from Brazil, while whole hake exports also saw a positive trend. Shrimp exports were also up by 14%, with Spain as the primary market. However, there was a notable drop in demand for shrimp tails. Squid was the standout performer, with a 75% increase in volume and a 17.3% rise in price.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of primary products increased by 39.7% in the first months of the year compared to the same period in 2023, while agricultural manufactures increased by 7.4%. The fishing sector, which represents 4.2% of total exports, had an increase of 18.2%, totaling 827 million dollars. Squid was the product that stood out for its growth in sales and also, although to a lesser extent, hake filets contributed to the positive indices for the sector. Shrimp, on the other hand, continued to fall, now adding a sharp drop in tail sales, which until now, despite falls in price, had not experienced drops in demand. Europe remains the main export destination (48%), followed by Asia (25%) and Latin America (10%). Hake fillets have had an increase in demand of 18% in volume and 19% in revenue, thanks to a slight increase in price of 1.2%, reaching $3,280 per ton. In total, 26,823 tons were exported for 88 million dollars. The main export destination was Brazil, which increased demand by 31.4% and ...

Source: Revistapuerto