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Fishing industry in Canada

  • 7 min read
  • 5 chapters

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Through Atlantic Ocean, China and European Union

Industry overview

Canada is fortunate to be surrounded by the Atlantic, Pacific, and Arctic Oceans as well as the Great Lakes that contain abundant and valuable sources of fish and seafood. The variety of products that Canadian fishermen harvest from these sources are sold within Canada and exported around the world to international markets. In total, the Canadian fishing industry exports over 75% of the products harvested and processed in Canada. In 2015, Canada was the eighth largest fish and seafood exporter in the world, sending products valued at $6 billion to over 130 countries.

The United States is one of the most important markets for Canadian seafood exports and represents 64% of Canada's seafood trade. China (11%), the European Union (10%), Japan (4%), and Hong Kong (2%) are also key export markets for Canadian seafood products. The seafood trade is a sector of the Canadian economy that has a trade surplus, meaning that the value of Canadian seafood exports is greater than the cost of seafood imports coming from foreign markets. In 2016, the total value of Canadian fish and seafood exports was over $6.8 billion compared to the value of imported fish and seafood products that was over $3.8 billion, meaning that the trade surplus of fish and seafood products was roughly $3 billion.

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