« April 2014 Table of Contents
Trade Tracker: Seafood trade reaches record high in 2013
U.S. seafood exports hit $5 billion
April 01, 2014
It’s no secret that the United States imports a large portion of its seafood, but in 2013 that trade expanded even more. Last year, U.S. seafood imports increased by 10 percent over 2013 with a total value of more than $13 billion, the highest seen in the last six years.
The top seafood imports included shrimp, salmon and crab, but shrimp is by far the largest imported species. Shrimp and prawns account for 29 percent of U.S. seafood imports by value and were worth more than $4 billion in 2013.
In terms of value, 17 percent of overall imports are from Canada, an almost 7 percent increase from 2012. Other import sources seeing growth in value included India, with a 68 percent increase from 2012, and Chile with a 34 percent increase.
U.S. exports of seafood are also on the rise, increasing 2 percent from 2012 to 2013 with a value of more than $5 billion. Top seafood exports in terms of value include the No. 1 lobster, fish meat and fish livers. The United States exported about $450 million worth of lobster in 2013, an increase of 2 percent from 2012. Most of the seafood the United States exports is destined for China, Canada and Japan.
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.
Find other SeaFood Business articles discussing seafood exports and imports here.