And though Alaska has a lot of competition out there, we're doing pretty well at it. Alaska's top two markets continued to show signs of recovery from the economic problems much of Asia faced in 1997-98. Knowles will lead a trade mission of business and government officials to Japan and China this fall. While China is already an important market for Alaska's exports, that market holds great potential for export of Alaska's natural resources. This represents an increase of 910 percent for Singapore and 552 percent for Russia.
Seafood continues to be Alaska's number one export product.
The low opilio and other crab harvests were the main factor in the decline. Much of the strength in the export numbers can be attributed to Alaska's energy exports. As Asia's economies continue to recover, the outlook for Alaska exporters remains positive. However, the global economy is becoming increasingly competitive and Alaska faces stiff competition in its major markets.