New analysis (5-year summary) of the seafood trade deficit and other products by Joe Myers, Aquaculture Development Specialist, Office of Aquaculture Coordination, Division of Agricultural & Natural Resources, New Jersey Department of Agriculture.

Seafood trade deficit at $10.887 billion in 2011

                                 2007                    2008                      2009                      2010                       2011

Fish/shellfish       23                           22                           17                           18                           17

Rank in deficit

Fish/Shellfish       $(9.172)                 $(9.649)                 $(8.922)                 $(10.067)              $(10.887)

Value ($billion)

Next Largest Food Item Deficit Contributor      (00190) Wine and related products #37   (00190) Wine and related products #31   (00190) Wine and related products #31   (00190) Wine and related products #23   (00190) Wine and related products #25   (00000) Green coffee #24     

Largest Food Item Surplus Contributor   (00200) Feedstuff and foodgrains #3     (00200) Feedstuff and foodgrains #2     (00200) Feedstuff and foodgrains #1     (00200) Feedstuff and foodgrains #2     (00200) Feedstuff and foodgrains        (00200) Feedstuff and foodgrains #1   

Largest Deficit Contributor     (10000) Crude   (10000) Crude   (10000) Crude   (10000) Crude   (10000) Crude   (10000) Crude  

2nd Largest Deficit Contributor (30000) Passenger cars, new and used    (30000) Passenger cars, new and used    (30000) Passenger cars, new and used    (40000) Apparel, household goods - textile      (40000) Apparel, household goods - textile      (40000) Apparel, household goods - textile   

Largest Surplus Contributor     (22000) Civilian aircraft, complete-all types   (22000) Civilian aircraft, complete-all types   (00200) Feedstuff and foodgrains        (22090) Civilian aircraft, engines, equipment, and parts        (00200) Feedstuff and foodgrains        (00200) Feedstuff and foodgrains  

2011 Insights

Total trade deficit grew 14.4% over previous year.  Record High remains 2006.

(01000) Fish and shellfish deficit passes $10.89 billion mark (a 8.2% increase over 2009)

No "China-Effect" readily apparent from trade data.  Both imports from and exports to China increase to hold seafood trade deficit with China relatively stable.

(00000) Green coffee ($6.905 billion) surpasses (00190) Wine and related products ($6.767 billion) as #2 trade deficit contributor for first time.

Many agricultural categories post record surpluses or record deficits.

Major shifts to greater surplus noted in (10010) Fuel oil, (14270) Nonmonetary gold, (10020) Other petroleum products.