Fishing Industry in the Pacific: 12 Things to Know | Asian Development Bank

Fishing Industry in the Pacific: 12 Things to Know

Article | 27 July 2016

The vast majority of economic resources in the Pacific lie in the millions of square kilometers of waters surrounding the region’s islands. Yet, Pacific nations have not enjoyed the full economic benefits of these resources, according to the Asian Development Bank’s Pacific Economic Monitor.

  1.   Western Pacific island nations have half a million sq km of land and 19 million sq km of ocean resources.
  2.   About 2.7 million metric tons of tuna is caught each year in the western and central Pacific.
  3.   Between 2011 and 2015, about $6.1 billion of tuna was caught in the western and central Pacific.
  4.   Only about half the tuna caught in the western Pacific is from Pacific island exclusive economic zones.
  5.   About 160,755 metric tons of bigeye tuna, a threatened species, is caught in the western Pacific.
  6.   About 2,800 longliner fishing vessels catch about 263,462 metric tons of fish each year in the western Pacific.
  7.   About 128,060 metric tons of albacore tuna, a near threatened species, is caught in the western Pacific.
  8.   About 344 purse seiner fishing vessels catch about 2,036,968 metric tons of fish each year in the western Pacific.
  9.   About 611,876 metric tons of yellowfin tuna, a near threatened species, is caught in the western Pacific.
  10.   Deep sea fishing produces jobs, foreign exchange and government revenue for Pacific island nations.
  11.   Fishing resources in the Pacific have been heavily exploited and conservation is needed.
  12.   Pacific nations are managing fishing licenses to maximize benefits, says the Pacific Economic Monitor.