67.3% decline in Egypt's shrimp imports last February

Published May 14, 2023

Tridge summary

In February, Egypt witnessed a significant reduction in its marine product imports, with shrimp imports decreasing by 67.3% to $6.810 million and prepared or preserved tuna imports dropping by 53.4% to $10.909 million, compared to the same month in 2022. Despite these import declines, Egypt remains a leading country in fish farming in Africa and sixth globally. The country's total annual fish production is approximately 2 million tons, with an 85% self-sufficiency rate. President Abdel Fattah El-Sisi has directed the government to devise a strategic plan for fisheries and lake development to achieve self-sufficiency in fish and surplus for export, leveraging ongoing fisheries projects. The Minister of Agriculture has emphasized the need for a comprehensive database to support decision-making, control fishing numbers, enforce laws against poaching, and meet European Union export requirements.

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

Original content

Egypt's shrimp imports decreased by 67.3% during the month of February, compared to the same month of 2022, recording about $6.810 million, compared to $20.817 million. Data issued by the Central Agency for Public Mobilization and Statistics, of which Al-Mal obtained a copy, showed that there was also a decrease in imports of prepared or preserved whole or cut tuna by 53.4%, as it recorded about $10.909 million in February, compared to $23.423 million in February. The same month of 2022. The Ministry of Agriculture stated in a report that the total annual production of fish in Egypt amounts to about 2 million tons, with a self-sufficiency rate of about 85%, in addition to that the country occupies first place in Africa and sixth in the world in fish farming. Egypt also occupies the third place in tilapia production, provided that the percentage of self-sufficiency and surpluses for export increases with the entry of all national projects into production at full capacity. President ...

Source: Almalnews