The Fishing Business in Nicaragua

In the first seven months of the year exports of farmed shrimp, sea shrimp, lobster and fresh fish generated $56 million, 18% more than in the same period in 2016.

Monday, October 16, 2017

Figures from the Central Bank show that the product which led foreign sales was shrimp, with $23.5 million, followed by lobster, with $16.8 million, fresh fish with $12.6 million, and sea shrimp, with $3.3 million.

See also "Central America: Fish Exports Down 8%"

"... These four products had foreign sales of $107 million in 2016, according to the Central Bank of Nicaragua. Cultivated shrimp exports were worth $34.7 million in value, and for lobster the figure was $47.9 million. The biggest growth was in shrimp farming, says the BCN."
 
Elnuevodiario.com.ni reports that "...Despite a growth in total exports of these products, the monthly index of economic activity (IMAE) for the month of July indicates that fishing and aquaculture in the first seven months of the year decreased by 7.5% in comparison to 2016, mainly due to lower shrimp farm production and smaller lobster catches ."

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More on this topic

Nicaragua: Fishing Sector Foresees Good 2018

May 2018

After the country registered sales for $282 million in 2017, the sector's union expects this year to surpass what was reported in the previous period by 2%.

Explained by the good performance in exports of cultivated shrimp, crab and live lobster, during the first three months of the year, the Nicaraguan Institute of Fisheries and Aquaculture (Inpesca) expects the sector to register an increase compared to 2017.

Nicaragua: Fisheries and Aquaculture to Grow 5%

December 2017

The industry union expects to close 2017 with 5% growth in production, and plans to focus next year on improving processes in order to increase productivity.

One of the changes proposed by fishing and aquaculture companies is to improve production processes of products such as lobster, which require special logistics, "...

Fish: Nicaragua Produces More But Earns Less

January 2015

In 2014 production in the fisheries and aquaculture sectors increased by 28%, but due to low international prices export earnings declined by 8% compared to 2013.

Fisheries and aquaculture production in 2014, equivalent to 96.7 million pounds exceeded projections made by sector earlier this year and recorded a 28% increase over the previous year.

Fish Exports From Nicaragua Growing

February 2014

In 2013 total production increased by 8% and foreign sales of fish, shrimp , lobsters and seafood, by 28%.

Fish production last year grew by 8%, with farmed shrimp products having the largest increase. Foreign sales of fish, shrimp, shellfish and lobsters reported a 28% increase compared to 2012, going from $192 million to $246 million at the end of 2013, according to statistics from the Center for Exports.

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