SeaFood Business

APR 2014

SeaFood Business is the global trusted authority for seafood buyers and sellers. We are the seafood industry's leading trade magazine with more than 30 years of experience. Our coverage is based on the "business" of buying and selling seafood.

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Trade Tracker 22 SeaFood Business April 2014 Visit us online at Seafood trade reaches record high in 2013 U.S. seafood exports hit $5 billion 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 fnd information about competitors, suppliers, pros- pects, and the products that they use, market, or trans- port. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMoni- tor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information. For more information visit www. I t's no secret that the United States imports a large por- tion 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. Te top seafood imports included shrimp, salmon and crab, but shrimp is by far the largest import- ed 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 over- all imports are from Canada, an almost 7 percent increase from 2012. Other import sources seeing growth in value included In- dia, with a 68 percent increase from 2012, and Chile with a 34 percent increase. U.S. exports of sea- food are also on the All others Russia Mexico Thailand Ecuador Vietnam India Indonesia 7% 6% 4% 3% 2% 23% 7% 7% 17% Canada 14% China 10% Chile Canada, China top import sources … Top countries of origin for 2013 imports 20% Canada 14% Japan 21% China All others Ukraine Spain France Netherlands Hong Kong Germany South Korea 4% 3% 3% 2% 2% 17% 6% 8% … as well as export destinations Top locations for U.S. exports $0 $3 $6 $9 $12 $15 2013 2012 2011 2010 2009 2008 2007 Seafood import prices on the uptick Annual seafood import values, in billions of dollars *Through November rise, increasing 2 per- cent from 2012 to 2013 with a value of more than $5 billion. Top seafood exports in terms of value in- clude the No. 1 lob- ster, fsh meat and fsh livers. Te United States exported about $450 million worth of lobster in 2013, an increase of 2 percent from 2012. Most of the seafood the Unit- ed States exports is destined for China, Canada and Japan. 22_TradeTracker.indd 22 3/25/14 11:49 AM

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