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Trade Tracker: 2012 trade in review

The value of imports drops, but still up from 2010

April 01, 2013

The United States imported more than $12.6 billion worth of seafood and exported about $5 billion worth in 2012. The value of imports decreased by 0.5 percent compared with 2011, but increased by 13 percent compared to 2010. Exports saw a similar trend in 2012, decreasing 1 percent from 2011, but increasing 25 percent from 2010.

About 25 percent of all seafood imports are frozen shrimp and prawns, followed by frozen tilapia at 6 percent and Pacific salmon at 5 percent. About 40 percent of all seafood imports originate in Canada, China or Chile. The value of imports from Chile increased by 14 percent in 2012 compared to the previous year. Conversely, imports from Canada and China decreased in value by 3 percent and 4 percent year-over-year, respectively. 

On the export side, frozen fish, fresh lobsters and fish livers are the top value products departing the United States. China is the top destination for U.S. exports, followed by Canada and Japan. Exports to Hong Kong saw one of the highest jumps in 2012; increasing in value by 25 percent year-over-year.  Conversely, exports to the Netherlands and France both saw a drop in value of more than 10 percent last year.

Zepol Corporation is a Minnesota-based company working to provide the most complete and up-to-date U.S. trade data through our 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.

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