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Trade Tracker: U.S. scallop imports show 1Q growth
Exports on a downward trend
June 01, 2013
The first quarter of 2013 showed positive growth for U.S. scallop imports, which increased 38 percent compared to the same period last year. Scallop imports reached $76 million in the first quarter. Imports typically dip in the summer months and rise in the winter months, when production levels are low in the United States, and scallop exports follow the opposite trend.
The top country of origin for scallop imports (in the last 12 months) is Canada, followed by China and Japan, respectively. In fact, about 85 percent of scallop imports come from the top three countries. Scallop imports are typically frozen, dried or salted, however smaller amounts arrive live.
On the export side, an average of $50 million worth of scallops is exported from the United States each quarter. 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.
Similarly to imports, exports are more commonly seen as frozen, while live scallop exports have shown a consistent decline since 2011. Canada, France and the United Kingdom are just a few of the top countries of destination for U.S. scallop exporters.
Find other SeaFood Business articles featuring scallops here.