Tag Archives: U.S. lobster exports
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
The U.S.- China trade agreement will slow Canadian lobster sales to China
Even though a new U.S.-China trade agreement does not eliminate heavy Chinese tariffs, the deal will result in a loss of Canadian seafood sales to China,,, Canadian live lobster exports to China, mostly from Nova Scotia, soared after China slapped retaliatory tariffs of 35 per cent on U.S. lobsters. U.S. lobster exports tanked while Canadian sales jumped,,, The new trade deal does not lower those tariffs. But China has pledged to buy $32 billion worth of American agricultural products over the next two years, including lobster and other seafood products. >click to read< 17:38
