MIFCO Records Highest Revenue for Fish Exports in 2021 in the Past 8 Years

Maldives Industrial Fisheries Company (MIFCO) has revealed the revenue generated from fish exports was the highest in 2021, a record breaking revenue compared to the past 8 years.

The number of fish purchased and processed by the company increased significantly in December, according to MIFCO. Statistics from 2014 to 2021 show that the Maldives exported the highest number of frozen fish and generated the highest revenue last year. Maldivian fisheries industry had improved significantly in the past year.

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In 2021, Maldives exported 47,393 metric tonnes of frozen fish and received USD 68.56 million as revenue. The lowest number of frozen fish exports in the past eight years was in 2014. The total number of frozen fish exported from the Maldives during this year was 19,690 metric tonnes which amounted to USD 32.31 million in revenue.

Meanwhile, the number of canned fish exported from the Maldives also increased last year. Since 2018, the highest number of canned fish exports was recorded in 2021. As such, a total of 213,319 cans of fish were exported last year generating a revenue of USD 7.2 million.

In 2018, Maldives exported 319,411 cans of fish and recorded a revenue of USD 13.75 million. Statistics released by MIFCO show that fish packed in pouches were not exported last year.

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