Indonesia's Fisheries Exports Improve in Semester I 2016

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21/10/2016 08:50 WIB

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Fisheries Export Value, First Semester 2012-2016

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Fisheries Export Value, First Semester 2012-2016

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Indonesia's fishery export value in the first half of 2016 reached US$2 billion, a 4.3 percent increase compared to the same period in 2015. This increase resulted from the transition following the moratorium implemented by the Ministry of Marine Affairs and Fisheries (KKP) in 2015.

Previously, fishery exports in the first half of 2015 decreased by 8.6 percent compared to the same period in 2014. Export volume also fell by 14.9 percent. As the KKP anticipated, the moratorium on business permits for former foreign vessels did temporarily reduce supply. However, currently, the national fishing industry is starting to recover.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."