Growth in Maine exports led by fresh lobster
Maine exports grew by 3.4% last year, an increase that was led by a surge in prices for fresh lobster. Wood products, however, continued to account for a majority of the state’s exports.
The Bangor Daily News reported that seafood exports in 2014 increased 22% to $472.8 million, while wood products decreased 14% to $690.8 million.
An unusually high increase in the price-per-pound for fresh lobster, combined with a catch that yielded more than 120 million pounds, led Maine fishermen to break a new record last year for catch value, reaching an estimated $456.9 million.
Janine Bisaillion-Cary, president of the Maine International Trade Center, told the newspaper that a slowdown in China’s economy last year had an impact on Maine wood exports.
Source: Bangor Daily News
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