Australia Seafood Export To China

In 2022, the Australian seafood industry developed its first "whole of industry" export plan, setting a target to grow the value of Australian seafood exports to 2 billion AUD by 2030. The news of live trade resuming with China provides hope for achieving this goal and will aid in creating new jobs across regional, remote, and coastal. Australia Exports to China was US$102.63 Billion during 2024, according to the United Nations COMTRADE database on international trade.

Australia Exports to China - data, historical chart and statistics. While the COVID-19 pandemic and trade tensions with China disrupted the normal pattern of seafood trade over the past few years, in general Australian fisheries exports are dominated by high-value products-such as rock lobster, premium tuna species and abalone. A Significant Economic Impact Before the 2020 restrictions, South Australia's rock lobster exports to China were valued at over AUD 70 million (approximately $43 million) annually.

To facilitate the industry's reentry into the Chinese market, the South Australian government allocated AUD 475,000 to its Seafood Export Growth Program. Australian lobster exports to China had been worth AU$700 million ($470 million) in 2019. Beijing ended trade with Australia in 2020 on a range of commodities including lobster, coal, wine, barley, beef and wood as diplomatic relations plumbed new depths.

While the future of Australian seafood exports to China overall looks positive, greater diversification to hedge against the risks associated with heavy reliance on the Chinese market, as well as developing new forms of value. Australian lobster exports are set to fully resume to China by the end of the year after Beijing finally agreed to lift its crushing trade impediments after four years. Almost as a Christmas present, a few days before Christmas Eve, Seafood Industry Australia celebrated the resumption of live lobster exports to mainland China, already announced in October.

According to what the Australian Ministry for Agriculture, Fisheries and Forestry reported then, this resumption will represent a trade potential of over $700 million and will save 3,000 jobs in the. Seafood Export Program Report The latest summary report from the Australian Government on registrations, export shipments and markets, exports by product, and exports to China. Australian seafood exports In 2019-20, seafood exports totalled $1.4 billion or about half of the total value of production.

Seafood exports were down eight per cent on the previous year largely as a result of the effect of COVID.