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    Home > Food News > Food Articles > Lower sales of red shrimp and cod led to a 4% drop in Argentina's total exports in the third quarter

    Lower sales of red shrimp and cod led to a 4% drop in Argentina's total exports in the third quarter

    • Last Update: 2022-11-25
    • Source: Internet
    • Author: User
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    In the third quarter of 2022, Argentina's fisheries sector exported 137574 metric tons of seafood worth US$
    594.
    3 million worldwide.
     
    According to data released by the Argentine Ministry of Agriculture, Livestock and Fisheries, compared to the same period in 2021, volumes decreased by 4.
    1% and values decreased by 11.
    3%
    year-on-year.
     
    The main reason for the decline in sales was the sharp decline in exports of cod and Argentine red shrimp in the third quarter
    , although both demand and prices of squid recovered during this period.
     
    Argentine red shrimp exports fell by 13.
    7% and the export value fell by 17.
    9% to 58,346 tonnes worth $411.
    9 million
    .
    Over the same period, exports of cod also fell by 10.
    3%, but the value of the product increased by 3.
    4% year-on-year to 25,032 tonnes worth $67.
    7 million
    .
    On the contrary, in the first quarter, the export volume of squid stood out, increasing by 73.
    5% year-on-year to 24,803 tons, and the export value increased by 83.
    9% year-on-year to $54.
    8 million
    .
     
    It is also worth noting that during this period, Argentina ranked first in the number of exports to Spain and more than doubled exports to China, which ranked second
    in the first quarter.
    Between July and September 2022, exports to Spain increased by 1% year-on-year to 30,011 tons, representing 24% of Argentina's
    total exports.
    However, exports to China fell 3% year-on-year to 13,795 tonnes, accounting for 10%
    of Argentina's total seafood exports.
     
    Exports to Japan and South Korea, which ranked third and fourth, rose by 29% and 297% respectively to 9,029 and 6,950 tons
    .
    Exports to Russia ranked fifth, up 14%
    year-on-year.
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