I thought I recall some NPC stating that it used to be involved in trading as well because I scratched my head at the same thought as well.
Same! Hence this thread. ^^
Yeah I guess that could cover it, but in all fairness, I can fish 10x better with my bare hands.

(Really wish a fishing mod would come along soon

probably hard though.)
Now, I know "TES Lore" is separate from "TES Gameplay", which is why I wondered if in the "lore" version of Tamriel, there is indeed a connecting waterway.
Otherwise, that NPC who mentions Riften being "The hub of trading" is totally a liar, or on some seriously high dose of skooma. (I am aware that it "used" to be a hub, and that in recent times it has fell into the hands of corruption, but that can't explain how travelling across water to Morrowind was possible. (Pretty sure I heard someone say merchants would come by boat to Riften from Morrowind, maybe wrong)