In 2024, the seafood export conditions for Myanmar and its trade with Hong Kong are characterized by growth in export volume and value, alongside an emphasis on safety and compliance with international standards.

✅Myanmar’s Seafood Export Overview

As of June 2024, Myanmar’s seafood exports have reached approximately US$143.244 million in the first quarter of the financial year 2024-2025, marking a significant increase from US$111.984 million in the same period of the previous year. This growth reflects the country’s commitment to enhancing its fisheries sector, with exports comprising various fish species, shrimp, and other seafood products delivered through maritime and border trade channels to over 40 countries, including major markets like Japan, China, and Thailand.

✅Export Categories and Volume

Myanmar’s fisheries are categorized into three main groups: fish, shrimp, and other seafood. In the previous financial year, the country exported around 290,000 tonnes of fisheries worth US$448 million between April and November 2023. The shrimp export volume was notably around 30,000 tonnes. The government and fisheries associations are actively working to bolster these exports, ensuring compliance with international safety standards and market demands.

✅Hong Kong’s Seafood Import Dynamics

In 2023, Hong Kong imported seafood from Myanmar valued at approximately US$78,000, primarily focusing on meat, fish, and seafood preparations. This figure indicates a modest trade relationship, with potential for growth as Myanmar seeks to enhance its seafood processing capabilities and adhere to international food safety regulations.

✅Challenges and Future Prospects

Myanmar is facing challenges related to meeting stricter import regulations imposed by countries like China and those in the EU. The focus on improving processing standards and ensuring seafood safety is crucial for maintaining and expanding export volumes. The country’s efforts to comply with Good Manufacturing Practices are aimed at enhancing the quality and safety of its seafood products, which is essential for gaining consumer trust in markets like Hong Kong and beyond.

In summary, the seafood export conditions for Myanmar in 2024 are marked by growth and a strong focus on safety and compliance, with Hong Kong representing a potential market for further development in trade relations.