FISH imports to the EU have increased by an average €1 billion every year since 2009. The 2015 increases were spread across all the main EU suppliers – Norway, China, Iceland, Morocco and the US. The EU’s €141 million, or three per cent increase in exports for 2015 was caused partly by a 16 per cent increase in the average price of the products exported.
Despite the year-on-year export increase, the EU continues to import more than it exports and, in 2015, this trade deficit reached €17.8 billion, a seven per cent increase from 2014 but a 30 per cent increase from 2005.
The Russian trade embargo on imports from the EU, as well as the US, Canada, Norway, Iceland and Australia, has impacted global trade.