Argentina's Squid Harvest And The Dual Growth Of Trade Between Russia And BRICS
Jul 18, 2025
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The squid fishing season in Argentina's waters officially ended on June 10th. This year's output reached 204,000 tons, setting a new high in nearly 17 years. This figure has increased by 33% compared to last year, indicating that the fishery resources in this sea area are gradually recovering. It is worth noting that with this increase in production, the purchasing volumes of China and Italy, the two major importing countries, rose by 24% and 45% respectively, reflecting the continuous global market demand for high-quality seafood.
On July 7th, at the All-Russian Association of Fisheries Producers, Zverev, the chairman, stated that the export of aquatic products to the BRICS countries has shown a significant growth trend. The data shows that the export volume increased by 50% from 2021 to 2024, reaching 3.1 billion US dollars, accounting for more than half of its total export volume. With the addition of new members such as Egypt and the United Arab Emirates, the share of BRICS countries in global aquatic product trade has risen to 18%.
From these aspects, it can be seen that the recovery of Argentina's production is mainly attributed to the improvement of the Marine environment, but it remains unknown whether this recovery can be maintained. Overfishing and climate change may both have an impact on these. The growth of Russia's exports reflects the changes in the international trade pattern. The BRICS countries are emerging as new consumer markets for aquatic products. It is worth noting that the development paths of the two countries are different: Argentina relies on the recovery of natural resources, while Russia pays more attention to exploring new markets. This difference may indicate that the two main paths for the future development of global fisheries - giving equal weight to resource conservation and market expansion - will become the key to the industry's development.
