Seafood imports to South Korea from China rose by 4% in April

Published May 29, 2024

Tridge summary

In April 2024, China imported 79,641 tons of seafood, marking a 4% increase from the previous year, with an total value of $285.43 million, a 3% increase from the previous year. The average import unit price was $3.58/kg, a 1% decrease from the previous year. The main imports included 17,020 tons of frozen monkfish, 7,367 tons of live shellfish, and 5,988 tons of frozen squid. Imported live clam was the fourth largest import. Import volumes and prices of some products like monkfish and live shellfish increased, while the volume of frozen squid imports decreased but its price increased compared to the previous year. From January to April 2024, Chinese seafood imports made up 25% of the country's total seafood imports, positioning China as the second-largest seafood exporter after Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During April, 79,641 tons of Chinese seafood were imported, up 4% from 76,789 tons in the same period in 2023, and the import value was US$285.43 million, up 3% from $278.1 million USA for the same period last year. The average import unit price was $3.58/kg, which is 1% less than $3.62/kg for the same period last year. Frozen monkfish, China's main fish import, was 17,020 tons, or 21.4% of total imports, up 32% from 1,948 tons a year earlier, with an import value of US$17.84 million. , up 70% from US$10.51 million in the same period. 2023. The average import unit price was US$1.85/kg, up 17% from US$1.58/kg for the same period in 2023. The second largest product imported was live shellfish, which accounted for 9.3% of total imports (7,367 tonnes), representing an 11% increase in imports, and an average import unit price of US$1.32 per kg, which 15% less than US$1.54 per kg in the same period in 2023. The third place in imports is occupied by frozen squid, which accounted for 7.5% ...

Source: Fishretail