Canadian seafood exports continued to grow in 2013

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2013 data  pointing to biggest yearly increase in three years.

Lobster

 

 Gail Shea, Minister of Fisheries and Oceans has  released the 2013 trade figures for Canada's exports of fish and seafood products. Once again, Canada's seafood exports continued an upward trend, with an overall increase of $268 million or 6.5 percent over the previous year, with total sales reaching $4.42 billion.

 

Canada's biggest seafood export increase overall was to the U.S., which saw an eight  percent ($217 million) increase over the previous year, followed closely by the European Union with an 8.3 percent ($28.6 million) export growth. Canada and the European Union last year agreed on the Comprehensive Economic and Trade Agreement, which has been widely welcomed as a major boon for the industry.

 

The Government of Canada also announced on March 11, that Canada and the Republic of Korea have concluded negotiations for a Canada-Korea Free Trade Agreement. The agreement will significantly boost trade between the two countries, eliminating all South Korea's average tariff of 16.5 per cent in this sector, which includes tariff peaks as high as 47 per cent, on fish and seafood products.

 

 

Quick Facts

 

--  Canada exported fish and seafood products to 123 countries last year,

    with approximately 63 percent of those exports destined for the United

    States at a value of $2.8 billion.

--  The People's Republic of China and the European Union are also

    significant markets, importing more than $454 million and $372 million

    worth of Canadian fish and seafood products respectively in 2013.

--  Canada's largest exports by value were lobster, snow/queen crab, farmed

    Atlantic salmon, and shrimp. In 2013, these species accounted for 47

    percent (281 thousand tonnes) of all fish and seafood exports by volume

    and 62 percent ($2.7 billion) of the total value of exports.

--  Aquaculture now supplies over 50% of the global demand for fish and

    seafood and is the fastest growing food production sector. 

--  In 2013, aquaculture accounted for 13% of Canada's total seafood

    production and 35% of total seafood value. The sector supports over

    14,000 jobs in rural areas, and increasingly in Aboriginal communities.

 

Organizations: European Union

Geographic location: Canada, Republic of Korea, U.S. People's Republic of China

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