U.S. shrimp imports in 2020 will be nearly 750,000 tons, an increase of 7%, and Sino-U.S. trade volume will continue to decline
By: Date: 2021-02-15 Categories: Internationalfood Tags: ,
According to statistics from the National Oceanic and Atmospheric Administration (NOAA) of the United States, in 2020, the United States imported 747,921 tons of shrimp products, an increase of 7%from the previous year (699,961 tons), and the value of imports was approximately US$6.5 billion, an increase of approximately 8%. Data reveal that the North American epidemic does not seem to have a serious impact on the import and trade of shrimp products. The United States is still the world’s largest shrimp importer, and its imports in 2020 have far exceeded China.

   In 2020, China’s warm-water shrimp imports totaled about 544,000 tons, down 16%from the previous year, and imports amounted to approximately US$3.1 billion, down 22%. Especially in the second half of the year, the import market shrank particularly severely. The total import volume in the third and fourth quarters was about 205,000 tons, a decrease of 48%from the same period last year.
  India is still the largest shrimp supplier to the United States, with trade volume of 271,839 tons in 2020 (a decrease of 5%from the previous year), accounting for 36%of the U.S. import market, and imports of approximately US$2.4 billion, a decrease of 3%. Indonesia ranked second, with imports of 160,744 tons, an increase of 21%; Ecuador ranked third with imports of 125,839 tons, an increase of 52%.
   In 2020, the Sino-US trade war continues to restrict the shrimp trade between the two countries. China only exported 10,891 tons of shrimp products to the US, a decrease of 46%; the trade volume shrank by 47%to 56.3 million US dollars. In addition, Mexico’s shrimp exports have also declined significantly. The annual trade volume was 25,665 tons, down 13%.