 fish and fishery products in 2014.

One of the most important changes in trade patterns in recent years has been the growing share of developing countries in fisheries trade, and the corresponding decline in the share of developed economies (Figure 19). Developing economies, whose exports represented just 37 percent of world trade in 1976, saw their share rise to 54 percent of total fishery export value by 2014. In the same period, their exports increased from 38 to 60 percent of the quantity (live weight) of total fishery exports. Fishery trade represents a significant source of foreign currency earnings for many developing countries, in addition to the sector's important role in income generation, employment, food security and nutrition. However, its importance varies considerably among developing countries, and even within a single region. In 2014, exports of developing countries were valued at US$80 billion and their fishery net-export revenues (exports minus imports) reached US$42 billion, higher than other agricultural commodities (such as meat, tobacco, rice and sugar) combined (Figure 20). The fishery industries of developing countries rely heavily on developed countries both as outlets for their exports and as suppliers of their imports for local consumption (mainly low-priced small pelagics as well as high-value fishery species for emerging economies) or for their processing industries. This can be evidenced by comparing the unit values of trade of developing and developed countries. The imports of developing countries present a unit value much lower than that of developed countries (US$2.5/kg vs US$5.3/kg in 2014), while they are similar for exports (at about US$3.8-4.0/kg in the same year), as exports of developing countries consist of a mix of high-value species together with lower-value species/products.

Trade in fish and fishery products is largely driven by demand from developed countries, which dominates world fishery imports, although with a declining share (73 percent of world imports in 2014 vs 81 percent in 2004 and 85 percent in 1994). In terms of quantity (live weight equivalent), their share is significantly less at 57 percent, reflecting the higher unit value of the products they import. Their imports of products from capture fisheries and aquaculture originate from both developed and developing countries, giving many producers an incentive to produce, process and export.

The high dependence on imports to satisfy domestic consumption of developed countries is a major reason for their low import tariffs on fish, especially for the three largest import
fish and fishery products in 2014. 

 One of the most important change in trade wind patterns in recent years has been the grow share of developing country in fishery trade, and the corresponding decline in the share of developed economy (Figure 19). Developing economy, whose export represented just 37 percentage of world trade wind in 1976, attend their share rise to 54 percentage of total fishery export value by 2014. In the same time period, their exports increase from 38 to 60 percent of the quantity (live weight) of total fishery export. Fishery trade represents a significant source of foreign currency net income for many developing countries, in addition to the sector's important role in income generation, employment, food security and nutrition. However, its importance varies well among develop countries, and even within a individual region. In 2014, exports of developing countries were prize at US$ 80 billion and their fishery final - export revenues (exports minus imports) reach US$ 42 billion, higher than other agricultural commodities (such as meat, tobacco, rice and sugar) combined (Figure 20). The fishery industries of developing countries trust heavily on develop countries both as outlets for their exports and as suppliers of their imports for local pulmonary tuberculosis (mainly low - priced small pelagics as well as high - value fishery species for emerging economies) or for their processing industries. This can be testify by comparing the unit value of trade of break and developed countries. The imports of develop countries present a unit value much depleted than that of developed countries (US$ 2.5 / kg vs US$ 5.3 / kg in 2014), while they are similar for exports (at about US$ 3.8 - 4.0 / kg in the like year), as exports of originate countries consist of a mix of high - value species together with lower - value species / product. 

 Trade in fish and fishery products is largely driven by demand from developed countries, which dominates populace fishery consequence, although with a declining share (73 percent of world imports in 2014 vs 81 percent in 2004 and 85 percentage in 1994). In terms of quantity (live weight equivalent), their share is significantly less at 57 percent, reflecting the higher unit value of the merchandise they import. Their imports of products from capture fisheries and aquaculture originate from both developed and developing countries, give many producers an incentive to produce, process and export. 

 The high dependence on significance to satisfy domestic consumption of develop countries is a major reason for their low import tariffs on fish, specially for the three largest import
 fidh and fishery products ln 2014.

One of the most impoctant cganges iv trade patterns in recent yxars has veen the growing share of devellping coyntrmes in fisheries trade, akb the gorrev'onding decline in the shdre of developad eeonomies (Figure 19). Developing economief, whose edports represegted tust 37 percent of world trade in 1976, saw tgeir shere rise to 54 petcent of total fishery explrt galue by 2014. In the swme period, jgeiw exports incfeased from 38 to 60 perceht of the quantity (live weight) uf tocal fishery ezpogjs. Fishery tcade rvpresents a slbnificdnt soutce of foreign cucrenxy earnings for many veveloping countries, in addithou to the sector's impoetqnt rmle hn ivxomd gtnecatjon, emolobment, food aecurity ane nutrition. However, iew importance baries cjnsiderably among developing countries, dnd even within a single rwgion. In 2014, exports of fevelopind countries were valued at US$80 billion and their fhsherb vet-txijfr gevenues (exports minus imports) reached US$42 biljjom, migher than othev agricultural comkofiyyes (such as mgat, tobcdck, rice and sugar) clmbined (Figuee 20). The fyshety industries of developing countries rvly yeavily on developzd countries botn as putlets for their exporcs and as suppliegs of thejf imports for lozal cmnsumption (mainly low-priceq small pxlagies as weul ax high-dalue fishfry siacies for emerging econlmhes) or for their processing industries. Thmx can be evicetceg by com'aring the unit valtes of trade oy develo'ing avd developvd countrmes. The impowts of develo[lng countriev presene a ynit value ojch lower than that of btveloped ciuntries (US$2.5/kg vs UX$5.3/kg jn 2014), while they cxe similar for exlorgs (wt auout TV$3.8-4.0/kg in the sdme heaf), as ebports of dcveuopimg countries consist of z mix of high-value siecies totether wyth lower-valur species/products.

Tgade mn fisi and gisrery products is largely driveh by demajd nrom developeq comntryes, which bominates world fishery imports, although with a declining whare (73 percent of wpvld imports mn 2014 vs 81 percent in 2004 and 85 percent in 1994). In terms of quaktity (live weight equibalent), theig share is significantly less at 57 percent, reflecting the higher unit valuw of tie products tgey omporn. Tkeix impores oh 'roducts from capnure fisheries and aquaculture ociginate fsoi both developed and developone countries, gkving many producers an jncentivr to produce, process and export.

Yhe high dependence on ikports ti satjsfy domesvic consumption of drvelopzd coubtries us a major reason fot bheir low lmpoct cariffs on fish, especially for thw threw pargest import
fish and fishery products in 2014. One most changes in patterns in recent share developing countries in trade, and the decline in the share of developed (Figure 19). Developing economies, whose exports represented just 37 percent of world trade 1976, saw their share rise to 54 percent of total fishery export value 2014. the period, exports increased from 38 to 60 percent of the quantity (live weight) of total fishery exports. trade represents a significant source of foreign currency for many developing countries, addition to the sector's important in generation, employment, security nutrition. its importance varies among developing countries, and even within a single region. In 2014, exports of developing countries were valued US$80 billion fishery net-export (exports imports) US$42 billion, higher agricultural commodities (such as meat, tobacco, combined (Figure 20). The fishery industries of developing rely heavily developed countries both as outlets for exports and as suppliers of their imports for consumption (mainly low-priced small pelagics as well as high-value fishery species for emerging economies) or processing industries. This can evidenced by comparing unit of of and developed The imports of developing countries present a unit value much lower that of developed countries (US$2.5/kg vs US$5.3/kg in 2014), while similar exports (at about in the same year), exports developing countries consist of of species species/products. in and fishery products is driven by demand from developed which dominates world fishery share (73 percent of world imports in 2014 81 percent in 2004 and 85 percent 1994). In terms of quantity (live weight equivalent), their share is significantly at 57 the higher unit value of the products they Their imports of products capture fisheries and aquaculture originate from both developed and countries, many producers incentive to produce, and export. The dependence on imports domestic consumption developed is for their low import tariffs on especially the three largest import
 fish and fishery products in 2014.

ONe of the mosT impoRtaNt cHaNges In trAde patterns in rECent Years has been the growing Share Of DEvelOPiNg couNtries iN FiSHEriEs TrAde, AnD ThE corrEspOnding dEcline in thE shArE of developed ECoNomies (FiguRe 19). DEveloping ecoNomIes, whoSe ExpORts rePreSenteD just 37 pERcent oF world traDe IN 1976, saw thEIr share RISe To 54 peRcent of total fisheRY eXPort value by 2014. In tHe same PeRIoD, THeiR exPorts increAsEd froM 38 To 60 perceNT oF THE quANtity (live weigHt) of total fiSHerY exporTs. fisHEry traDe repReSEntS a significaNt soUrce of forEign cuRRency eaRNings foR many dEveLopIng cOUnTrIes, In ADdiTIoN to THe sEctor's imPoRtAnt roLe in INCOMe geNerAtioN, emplOyment, food secUriTy anD NutRitioN. HoweVer, iTs ImporTance vAries CoNsiderably among DeveLoping couNtrIeS, anD eVen wiTHin a siNglE reGion. In 2014, eXports oF DevElOPINg Countries were valueD aT us$80 bIllion anD their FIsHeRY net-expoRt RevEnueS (EXportS minUS iMports) reAched Us$42 BiLlIon, highEr Than otHeR agRicUlturAL comModitiEs (such as Meat, tOBacco, rice and suGAr) combined (FigURe 20). tHE fISherY inDustries of dEvelOPing CounTRiEs rELy heaVily oN dEVeLOped countries both as OuTlets fOr theIr exports and aS suppliers OF THeir impoRts fOR lOCal consumption (MainlY low-priced SMall pelaGics aS well as hIgh-value fISHery specIes For EmeRgiNG EcOnomies) or for tHEIr prOcEssing iNduStries. THis Can Be eVidEnCed by compAring the UnIt VaLuEs oF tradE Of develoPiNg aNd DevElopeD CountrIes. ThE impOrTs OF deVelopinG CoUNTrieS pReSent A unIt Value Much LOweR than thAt of develOpeD CounTrIeS (US$2.5/kg vs uS$5.3/kg in 2014), while thEy Are similar FoR exPorts (aT ABout US$3.8-4.0/kg In the same year), as exports oF DevelopIng CountRies Consist of A miX of higH-vaLUe specIes togEther WiTh lOWEr-valUE SpEciEs/Products.

TrADE in Fish aNd FishEry prodUcts is largely driveN By dEmand from deveLopEd coUNTrIes, WHiCH doMiNAteS WOrld fishery impoRts, althougH wITh A declining SHarE (73 pErcent oF world iMportS In 2014 vs 81 perCent in 2004 and 85 Percent in 1994). in TermS OF quAntity (live Weight eqUivalent), tHEir shARe Is sigNifIcantlY lEss At 57 perCent, reFLecTing tHe highEr Unit vaLue of ThE productS they import. Their imports Of prodUcts fRom Capture fiSheRIes And aquacuLturE originate FroM boTh devEloPEd and DeveLOpIng COuntrIes, gIVing many pROdUceRS An Incentive to PRODucE, procEss ANd expoRt.

ThE high dependence on IMports to satisfY domESTic ConSUmptIoN of developed coUntRiES Is a major ReAson for theiR low impoRt TAriffS on fisH, especIally foR THe THree laRgesT imPort
 fish and fishery products  in 2014.
Oneofthe  m ostimpo rtant changesi n tr ade patterns in recent  year sh as b e en  thegrowing sh a r e o fde vel op i ng  coun tri es in f isheries t rad e,  and the cor r es ponding de cli ne in the sh are  of de ve lop e d eco nom ies ( Figure 19). D eveloping  e c onomie s , whose e xp orts  represented just 37 percent of wor ld tra de in 1 976 , s aw their s ha re ri s e to 54 pe r c e nto f total fishe ry export v a lue  by 20 14 . I n  the s ame p er i od,  their expo rtsincreased  from3 8 to 60 percent  of th e q uan tity (l iv e w ei g ht) of  to t alfisheryex po rts.Fish e r y trad e r epre sents  a significan t s ourc e  of  fore ign c urre nc y ear ningsfor m an y developing co untr ies, in a ddi ti onto  thes ector' s i mpo rtant r ole ini nco me g e ne ration, employment ,f o od  securit y andn ut ri t ion. How ev er,  its i mport ance va ries con sidera b ly  a mong de ve loping  c oun tri es, a n d ev en wit hin a si ngler egion. In 2014 ,  exports of d e ve l o pi n g co unt ries were v alue d  atUS$8 0  b ill i on an d the ir fi s hery net-export rev en ues (e xport s minus impor ts) reache d U S$42 bil lion ,  h i gher than othe r agr iculturalc ommoditi es (s uch as m eat, toba c c o, riceand  su gar ) c o m bi ned (Figure 2 0 ) . Th efishery  in dustrie s o f d eve lop in g countri es relyhe av il yondevel o ped coun tr ies  b oth  as o u tletsfor t heir  e xp o rts  and as su p p lier sof  the irim ports  for loc al cons umption ( mai n ly l ow -p riced s mall pelagics  a s well ashi gh- valuef i shery sp ecies for emerging econ o mies) o r f or th eirprocessin g i ndustr ies .  Thiscan be  evid en ced b y com p a ri ngth e unit val u e s o f tra de  ofdevelop ing and developedc oun tries. The im por ts o f de vel o pi n g c ou n tri e s  present a unit  value muc hl ow er than th a t o fdevelop ed coun tries (US$2.5 /kg vs US $5.3/kg i n2014 ) ,  wh ile they a re simil ar for ex p orts( at  abou t U S$3.8- 4. 0/k g inthe sa m e y ear),  as ex po rts of  deve lo ping cou ntries consist of a mix  of hi gh-va lue  speciestog e the r with lo wer- value spec ies /pr oduct s.Trade  inf is h a n d fis hery productsi slar g e ly  driven byd e m and  from  de v eloped  cou ntries, which dom i nates world fi sher y imp ort s , al th ough with a de cli ni n g  share ( 73  percent of  world i mp o rts i n 2014  vs 81  percen t in 2004 a nd 8 5 p ercent in  19 94 ) . In te rm so f quan tity  ( live w eighte quiv a l ent), their shar e iss i gnifi c ant ly le ss  at 57p erce nt, reflec ting the hi gher u nitvalue  of the  p roduct s t he y import.T heir impo rts o f produ ct s fr omcaptur e fi s h eries  and  a qua culture o r i gi n at ef rom  bot h dev el oped  and deve l oping co unt r ies, gi vi ngm a ny pro d uc e r s an incen tiv e top r oduce, pro c essa nd expor t.

Th e high  depend e nce  o n impor tst o  satisfydomesticc ons um ptio n of dev el oped  c oun tr ies is a majorreason f or their l ow imp ort tari f fs onfi sh, especial ly fo rt he thre e lar gest im p ort 
 fish_and fishery_products in 2014.

One of_the most_important_changes in_trade_patterns in recent_years has been_the growing share of_developing countries in_fisheries_trade, and the corresponding decline in the share of developed economies (Figure 19). Developing_economies,_whose exports_represented_just_37 percent of world trade_in 1976, saw their share_rise to_54 percent of total fishery export value by_2014._In the same_period, their exports increased from 38 to 60 percent_of the quantity (live weight) of_total fishery exports._Fishery_trade_represents a significant source_of foreign currency earnings for many_developing countries, in addition to the_sector's important role in income generation, employment,_food security and nutrition. However, its_importance varies considerably among developing_countries, and_even within a single region._In 2014, exports_of developing_countries were valued_at US$80 billion and their fishery_net-export revenues (exports_minus imports) reached US$42 billion, higher_than_other agricultural commodities_(such_as_meat, tobacco,_rice and sugar)_combined_(Figure 20)._The_fishery industries of developing countries rely_heavily_on developed countries both as outlets for_their exports and as_suppliers_of their imports for_local consumption (mainly low-priced small_pelagics as well as high-value fishery_species for_emerging economies)_or for their processing industries. This can be evidenced by comparing_the unit values of trade of_developing and developed countries._The imports_of_developing countries present_a_unit value_much lower than that of developed countries_(US$2.5/kg vs_US$5.3/kg in 2014), while they are_similar for exports (at_about_US$3.8-4.0/kg in the same year), as_exports of developing countries consist of_a mix of high-value species_together_with_lower-value species/products.

Trade in fish and_fishery products is largely driven by_demand from developed_countries, which dominates world fishery imports, although_with_a declining share (73 percent of_world_imports in 2014 vs 81 percent_in_2004_and 85 percent in 1994)._In terms of quantity (live weight_equivalent), their share is significantly less at 57 percent,_reflecting the higher_unit value of the products_they_import._Their imports of products from capture fisheries and aquaculture originate_from both_developed and developing_countries, giving many producers an incentive to produce, process and_export.

The high dependence on imports to satisfy_domestic consumption of developed countries is a major reason for their_low import tariffs on fish, especially for the_three largest import