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2023
Exports $2.96BWorld Rnk 3 / 163
Flag Rnk 29 / 1212
2023
Destination $11.9M United States
2022 - 2023
FASTEST GROWING MARKET $11.9MHong Kong
2023
PRODUCT COMPLEXITY IN Crustaceans-1.94Rnk 993 / 1025
2023
Imports $575MWorld Rnk 7 / 216
Flag Rnk 187 / 1211
2023
Origin $11.1M United States
2022 - 2023
FASTEST GROWING ORIGIN $11.1MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $2.96B in Crustaceans, making it the 3rd largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 29th most exported product in Canada. The main destination of Crustaceans exports from Canada are: United States ($1.67B), China ($732M), Japan ($92.6M), South Korea ($60.8M), and Hong Kong ($45.1M).

The fastest growing export markets for Crustaceans of Canada between 2022 and 2023 were Hong Kong ($11.9M), China ($5.85M), and Morocco ($2.97M).

Imports In 2023, Canada imported $575M in Crustaceans, becoming the 7th largest importer of Crustaceans in the world. At the same year, Crustaceans was the 187th most imported product in Canada. Canada imports Crustaceans primarily from: United States ($224M), India ($142M), Vietnam ($53.3M), China ($41.7M), and Ecuador ($37.2M).

The fastest growing import markets in Crustaceans for Canada between 2022 and 2023 were United States ($11.1M), Bahamas ($2.93M), and Netherlands ($810k).

COMPANIES In 2023, leading companies such as Costco Wholesale (2) and Celebrity Cruises (1) were at the forefront of shipping Crustaceans from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Crustaceans exports accounted up to C$186M and imports accounted up to C$95.3M, resulting in a positive trade balance of C$90.8M. Between November 2023 and November 2024 the exports of Canada's   Crustaceans have increased by C$4.09M (2.25%) from C$182M to C$186M, while imports decreased by C$-3.57M (-3.61%) from C$98.8M to C$95.3M.

Destinations In November 2024, Crustaceans were exported mostly to United States (C$99.9M), China (C$49.7M), South Korea (C$4.41M), Denmark (C$3.34M), and Japan (C$3.2M), and were imported mostly from United States (C$56.8M), India (C$14.8M), Vietnam (C$5.81M), China (C$3.23M), and Argentina (C$2.93M).

Growth In November 2024, the increase in Crustaceans's year-by-year exports was explained primarily by an increase in exports to United States (C$24.3M or 23.6%), China (C$5.36M or 4.55%), and Hong Kong (C$3.82M or 141%). In November 2024, the decrease in Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Vietnam (C$-6.28M or -50.5%), United States (C$-4.81M or -18.1%), and Indonesia (C$-2.8M or -48.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$4.09M(2.25%)
IMPORT GROWTH (November 2023 - November 2024)C$-3.57M(-3.61%)
MAIN EXPORTER (November 2024)Newfoundland LabradorC$286M
MAIN DESTINATION (November 2024)United StatesC$99.9M

This section shows Crustaceans's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.96B
IMPORTS (2023)$575M
NET TRADE (2023)$2.39B

In 2023, Canada exported $2.96B in Crustaceans. The main destinations of Canada exports on Crustaceans were United States ($1.67B), China ($732M), Japan ($92.6M), South Korea ($60.8M), and Hong Kong ($45.1M).

In 2023, Canada imported $575M in Crustaceans, mainly from United States ($224M), India ($142M), Vietnam ($53.3M), China ($41.7M), and Ecuador ($37.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Hong Kong$11.9M (35.7%)
China$5.85M (0.81%)
Morocco$2.97M (24.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Canada WERE (2022 - 2023):
United States-$352M (-17.4%)
Japan-$85.3M (-47.9%)
South Korea-$55.7M (-47.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Crustaceans were:
Ecuador $6.88B
India $4.56B
In 2023, Canada's main importing competitors in Crustaceans were:
China $7.85B
United States $7.12B
Japan $1.67B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $423M
TOP IMPORT POTENTIALIndia+ $34.8M

Crustaceans’s highest export potential is United States. With an export gap of $423M.   Crustaceans’s highest import potential is India with an import gap of $34.8M.

See methodology.

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