Fish and fishery products continue to rank among the most traded food commodities globally. In 2022, international trade amounted to 70 million tons, equivalent to 38 percent of total fisheries and aquaculture production. Over 200 countries and territories take part in aquatic trade during the year, compared to 150 in the mid-1970s. The global trade in aquatic animal products has seen substantial growth in value, with exports increasing from USD 7.9 billion in 1976 to a record high of USD 192 billion in 2022. This growth reflects an average annual increase of 7.2 percent in nominal terms and 4.0 percent in real terms. The total export value of all aquatic products reached USD 195 billion in 2022 (FAO, 2024¹).

Since 1976, Asia has demonstrated the highest average annual growth rate in the export value of aquatic animal products, followed by Africa, Europe, the Americas, and Oceania. In 2022, Europe and Asia maintained their positions as the leading exporting continents, accounting for 37 percent and 35 percent of the total export value, respectively (FAO, 2024²)

Taking into account the significant contribution of fish and fishery products from Southeast Asian countries to the world market, the ASEAN Secretariat in cooperation with regional partners led by the Southeast Asian Fisheries Development Center (SEAFDEC) has strengthened regional initiatives for facilitating the sharing of experiences and information among the ASEAN Member States (AMSs) to enhance the respective countries’ capacities and efforts to deal with eliminating IUU fishing and market-driven measures. This was demonstrated when the AMSs adopted in 2016 “The Joint ASEAN-SEAFDEC Declaration on Regional Cooperation for Combating IUU Fishing and Enhancing the Competitiveness of ASEAN Fish and Fishery Products” to strengthen efforts in implementing regional initiatives to combat IUU fishing and promoted the “ASEAN Guidelines for Preventing the Entry of Fish and Fishery Products from IUU Fishing Activities into the Supply Chain,” endorsed by The 37^th Meeting of The ASEAN Ministers on Agriculture and Forestry (The 37^th AMAF) in 2015.