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The aquaculture and fisheries sector is currently making an important contribution to meeting the food needs of the growing population of Bangladesh, creating employment opportunities, alleviating poverty, and earning foreign exchange. The fisheries sector contributes 3.57 percent of the country’s total GDP, 26.50 percent of the agricultural GDP, and 1.24 percent of the total export earnings. Bangladeshi fish and fishery products exports in 2020-21 were 482.19 million US dollars. About 20 million people in the country, which is more than 12 percent of the total population, are directly or indirectly involved in various activities of the aquaculture fisheries sector.
Bangladesh’s seafood sector is a major player in the global market, offering high-quality products to customers worldwide. Bangladesh’s revenue earned from the Fish and seafood market is US$17.38bn in 2023. The market is expected to grow annually by 8.96% (CAGR 2023-2028).
Currently, the country earns $500 million from exporting 30,000 tons of seafood. By utilizing the blue economy properly, potentially earn $5 billion from seafood exports in the next five years.
