The Department of Fisheries under the Ministry of Agriculture, Livestock and Irrigation set a record for foreign income from fisheries exports over a period of ten years.
Myanmar earned US$ 561.02 million from exports of 351,652.05 tons of marine products in 2007-2008 FY. 386,981.32 tons of exports from Myanmar’s fishery sector amounted to US$ 653.85 million in the 2011-2012 FY, according to the statistics released by the department.
The department set a target to fetch US$ 650 million from the fishery sector and exported 522,300.261 tons of marine products, thereby attaining US$ 662.973 million and exceeding the set goal before the current fiscal year ends, said an official from the department.
Myanmar’s fishery products have been exported to over 30 countries worldwide for the last 10 years. Now Myanmar’s marine products mainly go to more than 40 countries including the European Union due to modern packaging, high quality of the goods and market expansion.
The department is making concerted efforts to earn US$ 700 million in conjunction with respective organizations and entrepreneurs in the current financial year.