Throughout the first five months of 2024, Batam has reported a significant increase in fishery exports, totaling SGD 8.87 million in value, highlighting its pivotal role in the regional seafood trade.
In the bustling region of Batam, Indonesia, the fishing industry has maintained a strong export trajectory from January to May 2024, making substantial contributions to both the local and international markets.
Batam’s fishery exports weighed in at 2,406.5 tons with a total value of SGD 8.87 million between January and May 2024, peaking in January with 546.06 tons valued at SGD 2.05 million.
The fish exports from Batam have displayed consistent demand and pricing, significantly influenced by its strategic trade relationship and proximity to Singapore, the main consumer market.
The industry focuses on exporting certain high-value fish species such as the ungar, which fetches higher prices, particularly during festive periods like the Chinese New Year.
The prosperous fishery export sector provides local fishermen with a dependable and profitable market for their catch, significantly bolstering the local economy.
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Continuous growth in exports is propelled by concerted efforts from governmental entities and the private sector aimed at enhancing trade efficiency and product quality.
The growth in Batam’s fishery exports to SGD 8.87 million by May 2024 not only ensures a continuous supply of quality seafood for Singaporeans and international visitors but also underscores the region’s capacity to sustain a dynamic export sector. This progress highlights the economic resilience and integration within ASEAN.
In 2024, Batam has seen a pronounced increase in fishery exports, particularly to Singapore, achieving a value of SGD 8.87 million by May. This robust performance reflects the region’s commitment to maximizing its maritime resources, supporting economic stability and regional growth.
Source: Batam Pos (2024)
