South Korean imports of Malaysian seafood increased by 11%

Published Apr 5, 2024

Tridge summary

The article outlines the dynamics of Malaysia's seafood imports as of February 2024, revealing a mixed landscape of import volumes for various seafood types. Notably, there was a 27% increase in the imports of frozen green jumbo shrimp and a striking 92% and 364% surge in frozen squid and cuttlefish imports, respectively. Conversely, imports of frozen whiteleg shrimp saw a 17% decline. Despite these varied changes, the overall value of Malaysia's seafood imports experienced a 10% decrease, dropping to US$3.15 million in February 2024 from US$3.49 million the previous year. However, the total import value for the period marginally rose by 1% to US$7.55 million from US$6.82 million in 2023, indicating a complex interplay of quantity and value in the seafood import sector.

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

Original content

This represents 1% of the country's total imports of 158,274 tonnes. 471 tons of frozen green jumbo shrimp were imported, up 27% from 370 tons in the same period last year. 147 tons of frozen whiteleg shrimp were imported, down 17% from the previous year (178 tons). 98 tons of frozen squid were imported, up 92% from 51 tons the previous year. 51 tons of frozen cuttlefish were imported, up 364% from 11 tons the previous year. Malaysian seafood import value stood at US$3.15 million in February 2024, ...

Source: Fishretail