On-the-Ground Update

Strong Growth of Imported Seafood Volume in China in October 2022

Published Nov 18, 2022
China imported 380K MT of seafood in October 2022, of which 370K MT is edible seafood. The accumulated import volume approached 3.64M MT in the past ten months of 2022. In October 2022, the value of edible seafood was USD 1.759B (CNY 12.6B), while over the previous ten months, it was USD 14.4B (CNY 103.2B). In terms of growth, the volume of imported goods increased by 25.2% MoM while the price rose by 47.2%, implying a sharp increase in the cost of imported seafood. The value of all imports increased by 42.2% and the volume by 22.2% over the last ten months of 2022.
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