Importance of Aquaculture and Fisheries
Aquaculture and fisheries contribute significantly to the Philippines food security, employment and foreign exchange earnings:
Fish and seafood is the major source of animal protein.
In 2014 the sector accounted for 13.7% of the Gross Value Added in Agriculture, Hunting, Forestry and Fishing, the largest share after agricultural crops.
Fish & fishery products contributed almost US$1.3 billion in exports, and a net surplus of US$954 million in 2014. Tuna remained the top export commodity valued at US$443 million.
In terms of value, the industry contributed PHP242 billion (around US$5.5 billion) in 2014.
Regional & Global Significance
Based on 2013 FAO data the Philippines:
Ranked 7th among the top fish producing countries in the world with its total production of 4.7 million tonnes of fish, crustaceans, mollusks, and aquatic plants (including seaweed).
Production of 0.815 million tonnes aquaculture production of fish, crustaceans and mollusks ranked 11th in the world.
The world's 3rd largest producer of aquatic plants (including seaweed) having produced a total of 1.56 million tonnes.