Tag: Fisheries and aquaculture

U.S. Seafood Industry Flounders Due to COVID-19

sarah JonasResearch Results

The pandemic is putting a hurt on the seafood industry, finds the largest study of COVID on U.S. fisheries, which suggests that American fishmongers may flounder – or go belly up – without more government aid.

-Monthly fresh seafood exports declined up to 43%
-Monthly imports fell up to 37%
-Catches dropped 40% some months.

Over the first six months of 2020:
-Total U.S. seafood exports are down 20%
-Imports are down 6%
-Further losses are likely as restrictions increase to address COVID-19.