HS Code:
Haddock (HS Code: 0304.72) is a category under the Harmonized System that includes frozen fillets of haddock (Melanogrammus aeglefinus), a popular whitefish widely used in the food industry, particularly for fish and chips and other processed fish products. Haddock is primarily sourced from the North Atlantic and is valued for its mild flavor and firm texture. This category represents a significant portion of the global seafood trade, driven by demand in North America and Europe.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Decreasing
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
Average Rate
7.5% ad valorem
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Norway)
Rising demand for sustainable seafood
Increased preference for certified haddock products, boosting exports from countries with strong sustainability practices like Norway and Iceland.
2021-2022
Shift towards processed and ready-to-eat fish products
Growth in value-added haddock products such as breaded fillets, driving higher profit margins for exporters.
2020-2022
Impact of climate change on fish stocks
Changes in haddock migration patterns in the North Atlantic are affecting catch volumes, leading to potential supply constraints.
2019-2022
Post-Brexit trade agreements have introduced new quotas and tariffs on haddock exports from the UK to the EU, impacting trade volumes.
January 2021
Reduced competitiveness of UK haddock in EU markets, benefiting competitors like Norway and Iceland.
Major retailers in North America and Europe are increasingly demanding Marine Stewardship Council (MSC) certification for haddock products.
March 2022
Exporters without certification face market access challenges, while certified suppliers gain a competitive edge.
The United States reduced tariffs on certain seafood imports, including haddock, as part of trade negotiations with key partners.
July 2022
Increased export opportunities for countries like Canada and Norway to the US market.