Venezuela’s fishery sector has reached a significant benchmark, with annual production surpassing 300,000 tons, according to the Venezuelan Aquaculture Society (SVA). This achievement highlights the country’s growing role in the global seafood industry, particularly in the export of shrimp.

Shrimp: A Key Export Commodity

Of the total fishery output, shrimp constitutes 95,000 tons, with the SVA projecting that 60,000 tons will be exported in 2024. Eduardo Castillo, president of the SVA, noted that domestic consumption of shrimp remains relatively low, leading the industry to prioritize the production of export-quality shrimp. This strategic focus aims to leverage international demand for premium seafood.

Leveraging Tariff Advantages

In a noteworthy development, the SVA perceives the imposition of US tariffs on seafood imports as an opportunity for Venezuelan exporters. Castillo explained that these tariffs improve the price competitiveness of Venezuelan shrimp, as they are better positioned compared to those from competing nations, allowing suppliers to offer attractive pricing in the US market. Additionally, Venezuela exports shrimp to a diverse array of countries, including the United States, France, Germany, England, and China, reflecting the global appeal of its product.

With robust production figures and a keen eye on export markets, Venezuela’s fishery sector is poised to strengthen its foothold in the international seafood trade.