In 2010, the Philippines ranked 5th among the top fish producing countries in the world with its total production of 5.16 million metric tons of fish, crustaceans, mollusks, and aquatic plants (including seaweeds). The production constitutes 3.06% of the total world production of 168.4 million metric tons (FAO website).
The Philippines’ 0.745 million metric tons aquaculture production of fish, crustaceans and mollusks in 2010 ranked 10th in the world and a 1.24% share to the total global aquaculture production of 59.87 million metric tons. In terms of value, the country’s aquaculture production of fish, crustaceans and mollusks has amounted to over 1.56 billion dollars (FAO website).
Similarly, the Philippines is the world’s 3rd largest producer of aquatic plants (including seaweeds) having produced a total of 1.80 million metric tons or nearly 9.48% of the total world production of 19.01 million metric tons (FAO website).
The total volume of fisheries production in the Philippines from January to December 2011 reached 4.9 M metric tons. Fisheries production fell by 18.46% from 4.41 Million MT in CY 2006 to 4.974 M metric Tons in 2011.
Average annual production growth rate from 2002-2011 was 3.08%.
In terms of value, fisheries production in 2011 was valued 224.7 billion pesos compared with 163.37 billion in 2006 with an average yearly increment of 7.62 billion pesos.
Volume of Fish Production by Sector from 2002-2011 (in MT)
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