HIGHLIGHTS International markets for fisheriesand aquaculture products HIGHLIGHTS International markets for fisheriesand aquaculture products ISSUE2025with January–March2025 statistics3 Food and Agriculture Organization of the United Nations Required citation: FAO. 2025.International markets for fisheries and aquaculture products – Third issue 2025, with January–March 2025statistics.GLOBEFISH Highlights, No. 3-2025. Rome.https://doi.org/10.4060/cd6868en The designations employed and the presentation of material in this information product do not imply the expres-sion of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO)concerning the legal or development status of any country, territory, city or area or of its authorities, or concerningthe delimitation of its frontiers or boundaries. The mention of specific companies or products of manufacturers,whether or not these have been patented, does not imply that these have been endorsed or recommended by FAOin preference to others of a similar nature that are not mentioned. ISBN 978-92-5-140104-0©FAO, 2025 Some rights reserved. This work is made available under the Creative Commons Attribution- 4.0 Internationallicence (CCBY 4.0:https://creativecommons.org/licenses/by/4.0/legalcode.en). Under the terms of this licence, this work may be copied, redistributed and adapted, provided that the work isappropriately cited. In any use of this work, there should be no suggestion that FAO endorses any specific organ-ization, products or services. The use of the FAO logo is not permitted. If a translation or adaptation of this work iscreated, it must include the following disclaimer along with the required citation: “This translation [or adaptation]was not created by the Food and Agriculture Organization of the United Nations (FAO). FAO is not responsible forthe content or accuracy of this translation [or adaptation]. The original [Language] edition shall be the authoritativeedition.” Any dispute arising under this licence that cannot be settled amicably shall be referred to arbitration in accordancewith the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL). The partiesshall be bound by any arbitration award rendered as a result of such arbitration as the final adjudication of sucha dispute. Third-party materials. This Creative Commons licence CC BY 4.0 does not apply to non-FAO copyright materialsincluded in this publication. Users wishing to reuse material from this work that is attributed to a third party, suchas tables, figures or images, are responsible for determining whether permission is needed for that reuse and forobtaining permission from the copyright holder. The risk of claims resulting from infringement of any third-party-owned component in the work rests solely with the user. FAO photographs. FAO photographs that may appear in this work are not subject to the above-mentioned CreativeCommons licence. Queries for the use of any FAO photographs should be submitted to:photo-library@fao.org. Sales, rights and licensing. FAO information products are available on the FAO website (www.fao.org/publications)and print copies can be purchased through the distributors listed there. For general enquiries about FAO publi-cations please contact:publications@fao.org.Queries regarding rights and licensing of publications should besubmitted to:copyright@fao.org. Contents AcknowledgementsivAquatic products and the global economy1Bivalves5Cephalopods11Crab19Fishmeal andfish oil23Groundfish29Lobster37Pangasius43Salmon47Seabass and seabream57Shrimp63Small pelagics69Tilapia77Tuna83 Acknowledgements Editor in chiefShirlene Maria Anthonysamy CoordinatorWilliam Griffin Contributing editorsFiroza BuranudeenHelga JosupeitWilliam Griffin Authors Bhakti AnandHelga JosupeitFatima FerdouseWilliam GriffinRodrigo MisaYingkai FangShirlene Maria Anthonysamy LayoutLucia De Canio Data and figuresWilliam Griffin Aquatic products and the global economy Tradeuncertainty continues to weigh on tradeprojections The United States of America is a major marketfor aquatic products, ranking second after theEuropean Union, and typically accounting for16 percent of global imports of fish. As such,US policy and consumption patterns have aconsiderable impact on the global fisheriesand aquaculture sector. Since April 2025, auniversal 10 percent ad valorem duty has beenin place on all imports, with scope for higherrates by origin and commodity. Higher tariffswill weigh on global trade growth. However,according to recent assessments by severalinternationalorganizations and economicresearch institutes, the expected impact hasbeen revised downward. This could be due tofront-loading, where goods are imported earlierorin larger quantities to avoid anticipateddisruptions and higher costs. The World TradeOrganization (WTO) recently revised its 2025merchandisetrade forecast from a slightcontraction (-0.2 p