The Indonesian government wants to bring in 7.6 billion USD from fishery and marine exports by 2023.
The value of all exported seafood was 5.71 billion USD from January to November 2022, according to the Fisheries Ministry. By the end of the year, the ministry anticipates that figure to be $6.2 billion.
The United States is the top importer, who spent 2.15 billion USD on aquatic products from Indonesia between January and November, according to the Ministry. Followed by China at 1.02 billion USD, Japan at 678 million USD, ASEAN at 651 million USD, and the EU at 357.12 million USD.
The value of Indonesia’s shrimp exports to the US in 2022 reached a record-high $1.33 billion. This is a sign that Indonesia’s shrimp industry is getting bigger and being able to meet global demand.
Indonesia’s fisheries produced 18.45 million tons by the third quarter of 2022. Wild fish and aquaculture together make up 11.54 million tons or 14% more than last year.
Shrimp are a high-demand food worldwide, with a $30 billion market, says Fisheries Minister Sakti Wahyu Trenggono. In order to satisfy demand, Indonesia intends to reach 2 million tons of shrimp production by 2024. The nation plans to build 1,000 hectares of shrimp-farming ponds to achieve it. This represents a significant growth from the existing 200 hectares.
Through careful preparation of the land and acquisition of all required tools, we are making every effort to make that a reality. By 2024, I hope we’ll have finished building this 1000 hectare shrimp farm. Trenggono said the farm would be a huge economic boon for the region. Hundreds of employments will be created and disadvantaged towns will receive much-needed funding.
Tunas, cuttlefish, blue swimmer crabs, and octopuses are some of Indonesia’s most popular wild-caught fish, according to Trenggono. The government is working on creating villages for aquaculture, he said. These are places where people can learn and do aquaculture.
“We have aquaculture villages for sharks, catfish, and seaweed, so we don’t need to build new ones. Now that we know how to make shrimp, our goal is to build a new aquaculture facility.” Trenggono said, “We are excited to finish this project and open new opportunities for our local economy.”
The Fisheries Ministry announced today that they had posted an impressive Rp 1.79 trillion in non-tax revenue this year, the highest amount since its founding in 1999. The biggest sources of revenue are natural resources and capture fisheries. They bring in Rp 1.1 trillion from non-tax sources. The collected non-tax revenue was made up of non-natural resources, which made up Rp 611.8 billion, and public service organizations, which made up the remaining Rp 44.3 billion.
Tariq Iqbal
Khulna, Bangladesh
