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45 trillion US dollars
.
Brazil 's seafood exports are currently worth only $365 million, and the Brazilian Investment and Export Promotion Agency (Apex-Brasil) is trying to change that
.
Brazil's seafood exports definitely have room to grow compared to some other South American countries, Chile, with a population of 19 million and a GDP of $253 billion; Ecuador, with a population of 18 million and a GDP of $98.
8 billion; last year, salmon and shrimp exports were over $5 billion
.
8 billion; last year, salmon and shrimp exports were over $5 billion
.
How does Brazil plan to catch up? According to Alberto Carlos Bicca, agribusiness coordinator at the Brazilian Investment and Export Promotion Agency (Apex-Brasil), Brazil's poultry industry has a lot to learn from
.
.
Brazil, the world's largest chicken exporter, is expected to export 4.
17 million tonnes this year, up 3 percent from a year earlier, and 5 percent in 2021, according to the U.
S.
Department of Agriculture
.
17 million tonnes this year, up 3 percent from a year earlier, and 5 percent in 2021, according to the U.
S.
Department of Agriculture
.
Alberto Carlos Bicca said that so far, the focus on seafood has been on the domestic consumer market, and companies have not looked abroad, but there are some big companies and cooperatives that are getting involved, such as their strength in poultry production and export.
The very strong Copacol, now they are using a similar system for tilapia, start producing more fish, and investing heavily for that, they have big plans to produce and process fish
.
The very strong Copacol, now they are using a similar system for tilapia, start producing more fish, and investing heavily for that, they have big plans to produce and process fish
.
Alberto Carlos Bicca believes that Brazil exports poultry worth 8 billion US dollars a year, so in 5-8 years, tilapia and other seafood exports to North America will not be difficult to reach 1.
5 billion US dollars
.
5 billion US dollars
.
The United States is by far the largest destination for Brazilian seafood exports
.
Since 2016, Brazil's seafood sales to the U.
S.
have grown by about 17.
2% annually, with volume up 13.
9%
.
In 2021, Brazil’s seafood exports to the United States accounted for 59.
5% of its total exports, with a total value of about 219 million US dollars.
The main export products include lobster, tuna, red snapper, sardines and tilapia, and about 64% of Brazilian roe Non-fish is exported to the US market
.
.
Since 2016, Brazil's seafood sales to the U.
S.
have grown by about 17.
2% annually, with volume up 13.
9%
.
In 2021, Brazil’s seafood exports to the United States accounted for 59.
5% of its total exports, with a total value of about 219 million US dollars.
The main export products include lobster, tuna, red snapper, sardines and tilapia, and about 64% of Brazilian roe Non-fish is exported to the US market
.
