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The Economic Contribution of Fish and Fish Trade in Bangladesh

Md. Mostafa Shamsuzzaman
Department of Coastal and Marine Fisheries, Faculty of Fisheries, Sylhet Agricultural University, Sylhet, 3100, Bangladesh

Mohammad Mojibul Hoque Mozumder
Helsinki Institute of Sustainability Science (HELSUS), Doctoral Programme in Interdisciplinary Environmental Science (DENVI), Faculty of Biological and Environmental Sciences, University of Helsinki, Finland

Sabrina Jannat Mitu
Department of Coastal and Marine Fisheries, Faculty of Fisheries, Sylhet Agricultural University, Sylhet, 3100, Bangladesh

Abu Faisal Ahamad
Department of Coastal and Marine Fisheries, Faculty of Fisheries, Sylhet Agricultural University, Sylhet, 3100, Bangladesh

Md. Sumon Bhyuian
Department of Coastal and Marine Fisheries, Faculty of Fisheries, Sylhet Agricultural University, Sylhet, 3100, Bangladesh

Abstract/ Executive Summary:

Bangladesh possesses a large wetland area comprising diversified fisheries resources. Fish and fisheries are an integral part of Bangladesh and have earned their importance due to immense export and revenue potential. The objective of this study was to investigate the trend of fish production, export and import of Bangladesh during the last two decades. Several reviews of the literature were done, numerical data was obtained from the Ministry of Fisheries and Livestock (MoFL), Department of Fisheries (DOF), Bangladesh Bureau of Statistics (BBS). The results showed that fish production has increased in Bangladesh during the last two decades, starting from 17.81lakh metric tons in 2000–01 and reaching up to 41.34 lakh metric tons in 2016–17. Due to the gradual decline in capture fishery, a significant percentage of total production comes from aquaculture. Hilsha (Tenualosa ilisha) is the largest single-species fishery in Bangladesh which makes the highest contribution to the country's total fish production. Exports of the fish commodity in terms of quantity and value has declined in recent years due to food quality and safety standards. This study has highlighted the contribution of fisheries production in Bangladesh and trade to the country's economy. By paying more attention to the fisheries sector, Bangladesh can boost up its economy.

Keywords: Fisheries resources, Inland and marine fisheries, Legal issues, Export and import, SDGs

Location: Bangladesh

Start Date:

End Date:

Program Area: Socio-economic and Policy

Commodity: Fish

Objectives:

The main objectives of this study are to show the economic trend regarding the contribution of the fisheries sector to the country's economy and to draw a meaningful conclusion

Methodology:

This study was conducted using information from different secondary sources. All the data were collected from scientific research and grey literature published in various forms (e.g. peer-reviewed journals, periodicals and government gazettes). The information was collected through the available online database by using the following keywords‘Fisheries resources’, ‘Inland and Marine fisheries’, ‘Legal issues’, ‘Export and Import’, ‘SDGs’. Further information was also collected through visiting different relevant institutes, e.g. Bangladesh Fisheries Development Corporation, Directorate of Fisheries of the Bangladesh Government, Ministry of Fisheries and Livestock (MoFL) and department of Fisheries (DOF), Bangladesh Bureau of Statistics (BBS). For analyzing the data, MS Excel has been used. All these gathered data were reviewed, synthesized, and relevant information was used.

Source of Information: Aquaculture and Fisheries 5 (2020) 174–181

Article Link (Online Journal):

Funding Source:

1.

Budget:

Total Budget (Tk.) :

Achievement/Findings:

In Bangladesh, fisheries and aquaculture play a pivotal role in alleviating protein deficiency and malnutrition, in generating employment and foreign exchange earnings. The present study gives an overview of fisheries production and its trade over the last decade in Bangladesh. Bangladesh fishery resources have plenty of scope for development and to strengthen the national economy. Although there are diverse fish resources in Bangladesh, fisheries production is handy. The country has limited access to marine fisheries resources in the Bay of Bengal, and other potential marine resources are yet to be exploited on a commercial scale. The concerned government, governmental departments, development partners, researchers, and non-government organizations can play an essential role in the wide-ranging advancement of the fisheries sector.

Knowledge Management: Journal