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2022
Exports $641MWorld Rnk 10 / 169
Flag Rnk 538 / 1216
2022
Destination $19.4M Japan
2021 - 2022
FASTEST GROWING MARKET $19.4MRussia
2022
PRODUCT COMPLEXITY IN Crustaceans-1.97Rnk 999 / 1025
2022
Imports $8.72BWorld Rnk 2 / 217
Flag Rnk 40 / 1212
2022
Origin $2.01B Ecuador
2021 - 2022
FASTEST GROWING ORIGIN $2.01BEcuador
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $641M in Crustaceans, making it the 10th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 538th most exported product in China. The main destination of Crustaceans exports from China are: Japan ($138M), South Korea ($90.6M), Spain ($83.1M), Russia ($51.4M), and Chinese Taipei ($44.1M).

The fastest growing export markets for Crustaceans of China between 2021 and 2022 were Russia ($19.4M), Canada ($7.85M), and India ($3.8M).

Imports In 2022, China imported $8.72B in Crustaceans, becoming the 2nd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 40th most imported product in China. China imports Crustaceans primarily from: Ecuador ($4.3B), India ($895M), Canada ($678M), Vietnam ($543M), and New Zealand ($271M).

The fastest growing import markets in Crustaceans for China between 2021 and 2022 were Ecuador ($2.01B), Vietnam ($250M), and Russia ($135M).

COMPANIES In 2023, leading companies such as Electrolux (30), Wismettac Asian Foods (19), and Walong Marketing (7) were at the forefront of shipping Crustaceans from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Crustaceans exports accounted up to $103M and imports accounted up to $719M, resulting in a negative trade balance of $616M. Between October 2023 and October 2024 the exports of China's   Crustaceans have increased by $12.5M (13.9%) from $90.1M to $103M, while imports decreased by $-40.2M (-5.3%) from $759M to $719M.

Destinations In October 2024, Crustaceans were exported mostly to Japan ($27.2M), Vietnam ($13.2M), Spain ($12.4M), Hong Kong ($10.7M), and South Korea ($9.99M), and were imported mostly from Ecuador ($238M), Russia ($99.1M), Vietnam ($65.2M), India ($58M), and Canada ($52.1M).

Growth In October 2024, the increase in Crustaceans's year-by-year exports was explained primarily by an increase in exports to Russia ($1.22M or 74.9%), Hong Kong ($945k or 6.34%), and Canada ($446k or 20.2%). In October 2024, the decrease in Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Ecuador ($-48.8M or -18.7%), Vietnam ($-28M or -76.2%), and Canada ($-15.2M or -12.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$12.5M(13.9%)
IMPORT GROWTH (October 2023 - October 2024)$-40.2M(-5.3%)
MAIN EXPORTER (October 2024)Zhejiang Province$30.2M
MAIN DESTINATION (October 2024)Japan$27.2M

This section shows Crustaceans's exports and imports data at subnational level for China. 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 (2022)$641M
IMPORTS (2022)$8.72B
NET TRADE (2022)-$8.08B

In 2022, China exported $641M in Crustaceans. The main destinations of China exports on Crustaceans were Japan ($138M), South Korea ($90.6M), Spain ($83.1M), Russia ($51.4M), and Chinese Taipei ($44.1M).

In 2022, China imported $8.72B in Crustaceans, mainly from Ecuador ($4.3B), India ($895M), Canada ($678M), Vietnam ($543M), and New Zealand ($271M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$19.4M (60.6%)
Canada$7.85M (25.5%)
India$3.8M (53.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY China WERE (2021 - 2022):
Japan-$42M (-23.4%)
South Korea-$25.1M (-21.7%)
Malaysia-$15.6M (-62.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, China's main importing competitors in Crustaceans were:
United States $9.1B
Japan $2.16B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $42.9M
TOP IMPORT POTENTIALIndia+ $715M

Crustaceans’s highest export potential is United States. With an export gap of $42.9M.   Crustaceans’s highest import potential is India with an import gap of $715M.

See methodology.

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