International Trade Is a Key Component Of The Australian Seafood Industry

Apr 04, 2022

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Australia exports about half of its annual fisheries and aquaculture production by value, specialising in high unit value products for the growing Asian market. As a trade-exposed industry, the seafood sector is subject to trends in world markets, global market disturbances (such as COVID-19), key trading partners and the effect of Australia's exchange rate on the price received for exports and for competing imports.1<br><br>One of the most significant threats to Australian seafood exporters is the current lack of market diversification.

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International Trade Is a Key Component Of The Australian Seafood Industry

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