Significant Rise in Libya’s Purchases of Brazilian Fish

Libya, an Arab country in North Africa, increased fish imports from Brazil by 550% last year compared to the previous. The nation was the fourth destination for fish shipments, according to a study by the Fishing and Aquaculture unit of the Brazilian Agricultural Research Corporation (Embrapa) with the Brazilian Fish Farming Association (Peixe BR).

The survey pointed out Brazil earned US$23.8 million from fish exports in 2022, with a 15% growth over 2021. It was the best performance ever recorded for the sector. Tilapia had the most significant share of sales, with 98% of total exports, at US$23.2 million, up 28%.

Last year, the United States was the leading destination for Brazilian fish, accounting for 81% of purchases. Next, the biggest market was Canada, with 5%, followed by Taiwan, Libya, and Mexico. Sales to Libya grew significantly despite no exports in the fourth quarter.