The Maldives Industrial Fisheries Company (MIFCO) has reported that the Maldives' fish exports increased in 2023 compared to 2022 due to exports to new markets.
MIFCO's 2023 Annual Report shows that the company’s overall business performance improved in 2023 compared to the previous year, mainly due to the introduction of new markets. The new markets included Vietnam and Mauritius.
In 2023, MIFCO exported 62,352 metric tonnes of frozen fish, generating MVR 1.7 billion in revenue. This marks an increase from 2022, when 55,989 metric tonnes of frozen fish were exported, valued at MVR 1.4 billion. Additionally, exports of canned and pouched fish products rose from 174,295 cases in 2022 to 227,910 cases in 2023.
