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Brazilian fish farming sees record increase in exports

Published Jan 23, 2025

Tridge summary

In 2024, Brazilian fish farming exports experienced a significant surge, with a 138% increase in value and a 102% increase in volume compared to the previous year, reaching a value of US$59 million and a volume of 13,792 tons. The rise in fresh fillet shipments was the primary factor behind this growth. Tilapia, which accounts for 94% of exports, saw a 138% increase in value and a 92% increase in volume. The United States was the top importer of Brazilian fish, with the majority of imports being tilapia. Despite this record growth, the fish farming trade balance for 2024 showed a deficit of US$992 million due to imports of fish, primarily salmon, totaling US$1 billion.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian fish farming exports showed record growth in value in 2024: an increase of 138% compared to 2023, reaching US$59 million. In volume, growth was 102%, going from 6,815 tons to 13,792 tons. This is the largest increase in export volume since 2021. The increase in shipments of fresh fillets was the main factor responsible for the increase in exports in 2024, reaching US$36 million. Frozen whole fish were the second most exported category, with US$17 million. This and other information is included in the latest edition of the Foreign Trade Information on Fish Farming, produced by Embrapa Fisheries and Aquaculture, in partnership with the Brazilian Fish Farming Association (PeixeBR). The publication is free and can be accessed at this link. According to Manoel Pedroza, a researcher at Embrapa Fisheries and Aquaculture, the reason for the 138% increase in the exported value is due to the reduction in the price of tilapia on the domestic market. “There was a significant drop ...
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