During the first phase of this year's fishing season, Peru's squid catch increased by 150.1% year-on-year, reaching 476,500 tons. With 94.8% of production being used for export after freezing and processing, the Peruvian squid industry is the second largest fishery in the country, only behind anchovies. Squid fishing activities accounted for 13.4% of the capture fishery GDP during the period from January to June.