U.S. lobster exports to China rebounded in 2020
While the coronavirus pandemic tanked U.S. lobster exports overall in 2020, international trade data suggests the industry’s once-thriving U.S. to China trade pipeline may be making a comeback. International sales of U.S. lobster fell by 22 percent last year, from $548.4 million in 2019 to $426.9 million in 2020. The market saw declines in sales to each of the country’s top 10 international buyers, with the notable exception of China, which bought more than $127 million of U.S. lobster, or a roughly 49 percent increase over 2019, according to the U.S. Census Bureau. >click to read< 10:34
Leave a Reply