 US$54 billion in 2014 (US$28 billion if intra-EU trade is excluded), up 6 percent from 2013.

Estimates for 2015 indicate an 11 percent decline in its import value in US dollar terms; however, in euro terms, its imports increased by more than 6 percent. Japan, traditionally the largest single importer of fish, was overtaken by the United States of America in 2011 and again since 2013. In recent years, Japanese fishery imports have declined, also owing to a weaker currency, which has made imports more expensive. In 2015, its imports of fish and fishery products declined by 9 percent in US dollar terms to US$13.5 billion, but increased by 4 percent in terms of the Japanese yen. In 2015, the fishery imports of the United States of America reached US$18.8 billion, down 7 percent on 2014.

In addition to the above-mentioned countries, many emerging markets and exporters have gained importance. Regional flows continue to be significant, although often this trade is not adequately reflected in official statistics, in particular for Africa. Improved distribution systems, as well as expanding aquaculture production, have enabled increasing regional trade. Figure 17 summarizes trade flows of fish and fishery products for 2014. The overall picture presented is not exhaustive as trade data are not fully available for all countries, in particular for several African countries. However, the available data do indicate general trends. The Latin America and the Caribbean region remains a solid net fishery exporter, as do Oceania and the developing countries of Asia. By value, Africa has been a net exporter since 1985 (with the exception of 2011). However, Africa has long been a net importer in quantity terms, reflecting the lower unit value of imports (mainly for small pelagics). Europe and North America are characterized by a fishery trade deficit (Figure 18).

In the past ten years, international trade patterns moved in favour of trade between developed and developing countries. Developed countries still trade mainly among themselves and, in 2014, in value terms, 78 percent of fishery exports from developed countries were destined for other developed countries. However, in the last three decades, the share of their exports going to developing countries has increased, also owing to their outsourcing the processing of their fisheries production. At the same time, while developed countries remain their main markets, developing countries have increased trade among themselves, and fishery trade between developing countries represented 40 percent of the value of their exports of
US$ 54 billion in 2014 (US$ 28 billion if intra - EU trade is excluded), up 6 percent from 2013. 

 Estimates for 2015 bespeak an 11 percentage decline in its import value in US dollar term; however, in euro price, its imports increased by more than 6 percentage. Japan, traditionally the largest single importer of fish, was overtake by the United States of America in 2011 and again since 2013. In recent years, Japanese fishery significance have declined, also owe to a decrepit currency, which has made imports more expensive. In 2015, its imports of fish and fishery merchandise declined by 9 percent in US dollar terms to US$ 13.5 billion, but increase by 4 percent in terms of the Japanese yen. In 2015, the fishery imports of the United States of America reach US$ 18.8 billion, down 7 percent on 2014. 

 In addition to the above - mentioned countries, many emerging market and exporters have gained importance. Regional flows continue to be significant, although frequently this trade is not adequately reflected in official statistics, in particular for Africa. Improved distribution systems, as well as expanding aquaculture production, have enabled increasing regional deal. Figure 17 summarizes trade menstruation of fish and fishery products for 2014. The overall picture presented is not exhaustive as trade wind data are not fully available for all countries, in particular for respective African countries. However, the available data do indicate general trends. The Latin America and the Caribbean region remains a solid net fishery exporter, as do Oceania and the developing countries of Asia. By value, Africa has been a final exporter since 1985 (with the exception of 2011). However, Africa has long been a net importer in measure terms, reflecting the lower unit value of imports (mainly for belittled pelagics). Europe and North America are characterized by a fishery trade deficit (Figure 18). 

 In the past ten days, international trade patterns moved in party favor of trade between developed and modernize countries. Developed state still deal mainly among themselves and, in 2014, in value terms, 78 percent of fishery exports from train countries were destined for other developed countries. However, in the concluding three decades, the contribution of their exports going to developing countries has increased, besides owing to their outsourcing the processing of their fisheries product. At the same time, while developed countries remain their main markets, develop countries have increased trade among themselves, and fishery trade between developing state stage 40 percentage of the value of their export of
 US$54 billion in 2014 (US$28 billion lf intra-EU trade is excnuded), hp 6 percdnt from 2013.

Estimates for 2015 indirate an 11 kvrcent decline in its import vwlue in YS diolar terms; however, in eudl texmw, its imports lncreased bf more than 6 parzeut. Japan, traditionally the largest syngle ikplrter of fish, ras pdertzken by the United States of Amerida in 2011 end again since 2013. In recent years, Japanese fisjery imports have feclined, alwo orung to a weayer currenbv, which has made imports more expensive. In 2015, its imports od disj and fisherb prodlcts declined by 9 perwent in US dollar terks vo UW$13.5 billion, but increasxd by 4 percent in tetms of the Jcpanese yen. In 2015, the fusyery hmposts ud tfe Hnmtes Statfs kf America reached US$18.8 billion, down 7 perctnt in 2014.

In additioh to tre above-mentioned countries, many emerging madkets and exporters havw gained importance. Rggional fljws continue to be significant, although often thiv trave is njg afequately reflected in official statistics, in lattpcular for Africa. Improved doshrofution systemr, as wzml as expanding aquafulture prodyction, hade emabled increasing regional rrade. Figure 17 summarizes trade ylows of fisk and gishety products for 2014. The ovzrall licture predented is vot exhaustive ar tgade data art not fully availafle for aol cpuntrier, in partisular for deveral African countried. Howgver, tve availabpe data do indicate general treivs. The Latin Smariba and thz Carinbean region reiains a solid uet fishzry exoorter, as so Oceaiia and the qeveloping cogjtries of Asma. By valte, Adricq has bddn a net exporyer since 1985 (with the exception of 2011). Howcver, Xrrica has long yten a net importer in quwnnitb teriv, reflecting the lodrr unkt valut on ioporys (mainly for small [elafics). Europe and Nottm America are chawacterized by a fishery trade dtficit (Fijure 18).

Im tre past ten years, internationam trade pwttcrns moved in faviur of trade between developed and developing countcies. Developed countrigs still trade mainly smong themsxlves wnd, in 2014, it value terms, 78 percebt of fishery expprts from developed ckuntrias wege destined for other developed countries. However, in the last three decadws, the share of thsir rxporns yoiug to dqvell'ing countries hax increased, also owing to their outsourwiug the processing of their fixhdries productkon. At the same time, whime develpped countries remain their maim markets, developing couktries hace indreased trede among themselves, and fnshery trade vetwcen developing coinbries reprfsenued 40 percent of the value of their ezports ov
US$54 billion in 2014 (US$28 billion if is up 6 from 2013. Estimates percent in its import in US dollar however, in euro terms, its imports by more than 6 percent. Japan, traditionally the largest single importer of fish, overtaken by the United States of America in 2011 and again since 2013. recent Japanese imports declined, also owing to a weaker currency, which has made imports more expensive. In 2015, its of fish and fishery products declined by 9 in US dollar terms US$13.5 billion, but increased by percent terms of Japanese In the fishery imports the United States of America reached US$18.8 billion, down 7 percent on 2014. In addition to the countries, many and exporters gained Regional continue to be often this trade is not adequately statistics, in particular for Africa. Improved distribution systems, well as aquaculture production, have enabled increasing regional Figure 17 summarizes trade flows of fish and products for 2014. The overall picture presented is not exhaustive as trade data are not for all countries, in for several African However, available do general trends. Latin America and the Caribbean region remains a solid net fishery as do Oceania and the developing countries of Asia. By has a net exporter 1985 (with the exception 2011). Africa has long been importer quantity lower value imports (mainly for small Europe and North America are by a fishery trade past ten years, international trade patterns moved in of trade between developed and developing countries. countries still trade mainly among themselves and, in 2014, in value terms, percent of from developed countries were destined for other developed However, in the last decades, the share of their exports going to developing has also owing their outsourcing the of their fisheries At the same developed countries their markets, increased trade among themselves, and fishery between countries represented 40 percent of value exports of
 US$54 billion in 2014 (US$28 billion if intRa-EU trade iS exclUdeD), up 6 PeRcenT froM 2013.

Estimates for 2015 iNDicaTe an 11 percent decline in itS impoRt VAlue IN Us dollAr terms; HOwEVEr, iN eUrO teRmS, ItS impoRts IncreasEd by more thAn 6 pErCent. Japan, traDItIonally the LarGest single imPorTer of fIsH, waS OvertAkeN by thE UniteD states Of America In 2011 ANd agaiN Since 2013. In RECeNt yeArs, Japanese fisherY ImPOrts have declinEd, also OwINg TO A weAkeR currency, wHiCh has MAde impoRTs MORE exPEnsive. In 2015, its imPorts of fish ANd fIshery PrOduCTs declIned bY 9 pERceNt in US dollaR terMs to US$13.5 bilLion, buT IncreasED by 4 percEnt in tErmS of The JAPaNeSe yEn. iN 2015, thE FiSheRY imPorts of tHe unIted STateS OF aMeriCa rEachEd US$18.8 bIllion, down 7 perCenT on 2014.

IN AddItion To the AbovE-mEntioNed couNtrieS, mAny emerging markEts aNd exporteRs hAvE gaInEd impORtance. regIonAl flows ContinuE To bE sIGNIfIcant, although often ThIS TrAde is not AdequaTElY rEFlected iN oFfiCial STAtistIcs, iN PaRticular For AfrICa. imProved dIsTributIoN sySteMs, as wELl as ExpandIng aquacUlturE Production, have ENabled increasINg REGiONal tRadE. Figure 17 summArizES traDe flOWs Of fISh and FisheRy PRoDUcts for 2014. The overall piCtUre preSenteD is not exhaustIve as trade DATA are not fUlly AVaILable for all couNtrieS, in particuLAr for sevEral AFrican coUntries. HoWEVer, the avAilAblE daTa dO INdIcate general tRENds. THe latin AmEriCa and thE CaRibBeaN reGiOn remains A solid neT fIsHeRy ExpOrter, AS do OceanIa And ThE deVelopINg counTries Of AsIa. by VAluE, Africa HAs BEEn a nEt ExPortEr sInCe 1985 (witH the EXcePtion of 2011). however, AfRicA Has lOnG bEen a net Importer in quaNtIty terms, reFlEctIng the LOWer unit vAlue of imports (mainly for sMAll pelaGicS). EuroPe anD North AmeRicA are chAraCTerizeD by a fiShery TrAde DEFicit (fIGuRe 18).

IN tHe past ten yEARs, iNternAtIonaL trade pAtterns moved in favoUR of Trade between dEveLopeD ANd DevELoPIng CoUNtrIES. Developed countRies still tRaDE mAinly among THemSeLves and, In 2014, in valUe terMS, 78 percenT of fisherY exports fRoM devELOpeD countries Were destIned for otHEr devELoPed coUntRies. HoWeVer, In the Last thREe dEcadeS, the shArE of theIr expOrTs going tO developing countries has IncreaSed, alSo oWing to theIr oUTsoUrcing the ProcEssing of thEir FisHerieS prODuctiOn. At THe SamE Time, wHile DEveloped cOUnTriES ReMain their maIN MArkEts, deVelOPing coUntrIes have increased tRAde among themseLves, AND fiSheRY traDe Between developIng CoUNTries repReSented 40 perceNt of the vAlUE of thEir expOrts of
 US$54 billion in 2014 (US $28 billio n ifint ra- EU  tra de i s excluded), u p  6 p ercent from 2013.

Est imate sf or 2 0 15  indi cate an 11 p erc en tdec li n ein it s i mport v alue in US  do ll ar terms; ho w ev er, in eur o t erms, its im por ts inc re ase d  by m ore  than  6 per c ent. J apan, tra di t ionall y  the la r g es t si ngle importer off is h , was overtake n by t he Un i t edSta tes of Ame ri ca in 2011 an d  a g a i n s i nce 2013. Inrecent year s , J apanes efis h ery im ports  h a vedeclined, a lsoowing toa weak e r curre n cy, whi ch has  ma deimpo r ts  m ore  e x pen s iv e.I n 2 015, its  i mp ortsof f i s h andfis hery  prod ucts declined  by  9 p e rce nt in  US d olla rterms  to US $13.5  b illion, but inc reas ed by 4 p erc en t i nterms of the  Ja pan ese yen . In 20 1 5,th e f is hery imports of th eU n it ed State s of A m er ic a  reached  U S$1 8.8b i llion , do w n7 percen t on 2 0 14 .
In add it ion to  t heabo ve-me n tion ed cou ntries,manye merging market s  and exporter s  h a v eg aine d i mportance.Regi o nalflow s  c ont i nue t o besi g ni f icant, although oft en  thistrade  is not adequ ately refl e c t ed in of fici a ls tatistics, inparti cular forA frica. I mprov ed distr ibution s y s tems, as  we llasexp a n di ng aquacultur e prod uc tion, h ave  enable d i ncr eas ing  r egional t rade. Fi gu re  1 7sum mariz e s tradefl ows  o f f ish a n d fish ery p rodu ct sf or2014. T h eo v eral lpi ctur e p re sente d is not  exhaus tive as t rad e  dat aar e not f ully availabl efor all co un tri es, in p articula r for several African c o untries . H oweve r, t he availa ble  datadoi ndicat e gene ral t re nds . The L a t in  Am er ica and th e Car ibbea nregi on rema ins a solid net fi s her y exporter, a s d o Oc e a ni a a n dt hede v elo p i ng countries of  Asia. Byva l ue , Africa h a s b ee n a net  export er si n ce 1985  (with th e excepti on  of2 0 11) . However,  Africahas longb een a ne t imp ort er inqu ant ity t erms,r efl ectin g thelo wer un it va lu e of imp orts (mainly for smallpelagi cs).Eur ope and N ort h  Am erica are  cha racterized  by  afishe ryt radedefi c it  (F i gure18). 
In the p a st  te n ye ars, intern a t i ona l tra dep attern s mo ved in favour oft rade between d evel o p edand deve lo ping countries . D ev e l oped cou nt ries stilltrade ma in l y amo ng the mselve s and,i n  2 0 14, in  val ueterms, 78  pe rc e nt of f is he r y expo rtsfr om dev eloped coun t r ies were destine d for o therd eve loped  c ountrie s . Ho wever, inthe last th ree de cade s, th e share  o f thei r e xp orts going to develo pingcountri es  has  in crease d, a l s o owi ng t othe ir outsou r c in g  t he pro cess ing o fthei r fisheri e s produc tio n . At th esam e time,w hi l e  developed  co untri e s  remain th e ir m a in marke ts, de velopi ng coun t rie shave in cre a s ed tradeamong the m sel ve s, a nd fishe ry  tra de  be tw een developingcountrie s repres e n ted 40  pe r cent of the  v alue of thei r exp or t s of
 US$54_billion in_2014 (US$28 billion if_intra-EU trade_is_excluded), up_6_percent from 2013.

Estimates_for 2015 indicate_an 11 percent decline_in its import_value_in US dollar terms; however, in euro terms, its imports increased by more than_6_percent. Japan,_traditionally_the_largest single importer of fish,_was overtaken by the United_States of_America in 2011 and again since 2013. In_recent_years, Japanese fishery_imports have declined, also owing to a weaker currency,_which has made imports more expensive._In 2015, its_imports_of_fish and fishery products_declined by 9 percent in US_dollar terms to US$13.5 billion, but_increased by 4 percent in terms of_the Japanese yen. In 2015, the_fishery imports of the United_States of_America reached US$18.8 billion, down_7 percent on_2014.

In addition_to the above-mentioned_countries, many emerging markets and exporters_have gained importance._Regional flows continue to be significant,_although_often this trade_is_not_adequately reflected_in official statistics,_in_particular for_Africa._Improved distribution systems, as well as_expanding_aquaculture production, have enabled increasing regional trade._Figure 17 summarizes trade_flows_of fish and fishery_products for 2014. The overall_picture presented is not exhaustive as_trade data_are not_fully available for all countries, in particular for several African countries._However, the available data do indicate_general trends. The Latin_America and_the_Caribbean region remains_a_solid net_fishery exporter, as do Oceania and the_developing countries_of Asia. By value, Africa has_been a net exporter_since_1985 (with the exception of 2011)._However, Africa has long been a_net importer in quantity terms,_reflecting_the_lower unit value of imports_(mainly for small pelagics). Europe and_North America are_characterized by a fishery trade deficit (Figure_18).

In_the past ten years, international trade_patterns_moved in favour of trade between_developed_and_developing countries. Developed countries still_trade mainly among themselves and, in_2014, in value terms, 78 percent of fishery exports_from developed countries_were destined for other developed_countries._However,_in the last three decades, the share of their exports_going to_developing countries has_increased, also owing to their outsourcing the processing of their_fisheries production. At the same time, while_developed countries remain their main markets, developing countries have increased trade_among themselves, and fishery trade between developing countries_represented 40 percent of the value of_their exports of