2013 data pointing to biggest yearly increase in three years.
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.
-- 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.