U.S. seafood trade deficit continues to expand in the first half of the year

Published Sep 18, 2024

Tridge summary

The US government's efforts to grow the aquaculture industry and reduce reliance on imported seafood have not led to the desired results, as import value has risen to $25.8 billion last year, while export value remained steady at $5.2 billion. The US imported over 300 types of seafood from 100 countries, with salmon, shrimp, tuna, lobster, and snow crab being the top five. The largest sources of seafood imports were Asia, Canada, Chile, India, Indonesia, Ecuador, Vietnam, China, Norway, and Thailand. Despite anti-subsidy and anti-dumping duties, the import volumes and values of salmon, shrimp, and tuna have decreased, while lobster and snow crab imports have increased. The US exported haddock, wild salmon, lobster, cod, and flatfish, with the majority going to Asian countries.

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Original content

In recent years, the US government has been working hard to stimulate the development of the domestic aquaculture industry, and has adopted many measures such as anti-subsidy and anti-dumping duties to try to reduce its dependence on imported seafood. However, the actual situation is quite the opposite. The import value of US aquatic products is getting higher and higher. Last year, the import value reached 25.8 billion US dollars, while the export value remained at around 5.2 billion US dollars. According to statistics from the National Oceanic and Atmospheric Administration (NOAA), the United States imported more than 300 kinds of seafood from more than 100 countries and regions in the first half of the year, with salmon, shrimp, tuna, lobster and snow crab ranking in the top five. Among them, the import volume of salmon from January to June was 238,087 tons, a year-on-year decrease of 5%, and the import value was about 2.9 billion US dollars, a year-on-year decrease of 10%; ...

Source: Foodmate