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Trade Tracker: China a top export destination

Products from Chile, India top import list


February 05, 2012

U.S. import values of seafood increased nearly 15 percent from 2010 to 2011 (January through November). Seafood imports from Chile and India posted the largest jumps, increasing 55 percent and 77 percent, respectively. A major influence in the influx from Chile was farmed Atlantic salmon, while India’s increase was due largely to an increase in shrimp and prawns. About one-third of all U.S. seafood imports originated in Canada and China in 2011. The price per kilogram of seafood imports was $6.06 in 2011, up from $5.31 in 2010.

On the export side, U.S. seafood values increased more than  25 percent, largely influenced by a jump in frozen fish fillets headed to China. In 2011, approximately 22 percent of all U.S. seafood exports were destined for China; that figure is up from approximately 18 percent in 2010. Canada is second on the list of top destinations, posting an export market share of approximately 18 percent in 2011. The price per kilogram of seafood exports was $2.77 in 2011, up from $2.64 in 2010. 

 

Zepol Corp. of Minneapolis provides up-to-date U.S. trade data through several subscription tools: TradeIQ™ is a U.S. Customs import bill of lading database utilized to find information about competitors, suppliers, prospects, and the products that they use, market, or transport. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMonitor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information.

For more information, visit www.zepol.com.

February 2012 - SeaFood Business 

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