Chinese Fishing Fleet And The Oceans Of The World | YourFishGuide.com

Largest Exporter
Seafood has been a crucial part of human diets, and it is becoming increasingly valuable economically—several countries export fish, crustaceans, mollusks, and other marine food products in high quantities. And the competition for fish exportation is getting more and more intense.

Who is the largest exporter of fish? The European Union was 2019’s leading exporter of fish and fisheries goods. Their export value was 36.2 billion dollars. However, China finished second with 22.7 billion dollars in fish and fisheries exports. China, on the other hand, continues to stand out.

Now that you know which country is the top fish exporter, it is time to know it. Therefore, this article will focus on China’s successive biggest fish exporter since 2002.

Fish Exportation In China
China has been the leading supplier of fish and fisheries products since 2002. It has further solidified its leadership position in recent years. Its exports totaled $9.0 billion in 2006, increasing to $9.3 billion in 2007.

In 2006 and 2007, fishery exports accounted for barely 1% of overall merchandise exports. Since the early 1990s, Chinese fishery exports have expanded dramatically.

This rise is due to increased fishing production and the expansion of the fish-processing industry. Both of those reflect low labor and production costs. In addition, China exports reprocessed imported raw materials and exports from domestic fisheries production, adding significant value to the process.

In the last decade, Chinese fisheries imports have increased dramatically. With US$4.1 billion in imports in 2006, it was the sixth-largest importer. The imports totaled $4.5 billion in 2007.

This expansion was visible after the country entered the World Trade Organization in late 2001. It decreased import tariffs, including those on fish and fisheries products.

The imports of raw materials for reprocessing and export by Chinese processors account for a portion increase. It does, however, indicate Chinese increasing domestic consumption of species, primarily of high value not available from local sources.

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