China trade data shows seafood export growth slowing
China’s seafood export growth is slowing, according to newly released data collated by China’s fishery authorities.
The data, which covers the first eleven months of 2017, gives a glimpse of how the sector performed last year before full trade data is released.
At USD 18.9 billion (EUR 15.2 billion), seafood exports grew only 1.33 percent year-on-year in the first 11 months of last year, according to the data, which was published by China’s Agricultural Ministry. Overall value for all of 2016 grew by 1.99 percent year-on-year, while volume rose 4.3 percent in that year.
Seafood is China’s top food and agricultural export in value terms. Fish-based feed represents the fastest-growing seafood export but while rising 59 percent year-on-year still only accounted for USD 480,000 (EUR 388,000) in cash terms. Live, chilled, and frozen fish accounted for 50 percent of volume and 34 percent of value in overall exports.