2022
Exports
$22.7MWorld Rnk 63 / 169
Flag Rnk 441 / 1198
2022
PRODUCT COMPLEXITY IN Crustaceans
-1.97Rnk 999 / 1025
2022
Imports
$157MWorld Rnk 22 / 217
Flag Rnk 242 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $22.7M in Crustaceans, making it the 63rd largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 441st most exported product in Singapore. The main destination of Crustaceans exports from Singapore are: Vietnam ($14.1M), Malaysia ($2.87M), Thailand ($1.42M), Qatar ($720k), and Australia ($649k).

The fastest growing export markets for Crustaceans of Singapore between 2021 and 2022 were Vietnam ($9.65M), Thailand ($896k), and Qatar ($324k).

Imports In 2022, Singapore imported $157M in Crustaceans, becoming the 22nd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 242nd most imported product in Singapore. Singapore imports Crustaceans primarily from: Malaysia ($33.2M), Vietnam ($18.8M), Ecuador ($14.5M), Canada ($13.6M), and China ($10.9M).

The fastest growing import markets in Crustaceans for Singapore between 2021 and 2022 were Canada ($6.59M), Australia ($5.05M), and Vietnam ($4.12M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (12), Lawrence Wholesale (5), and Wismettac Asian Foods (4) were at the forefront of shipping Crustaceans from Singapore to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crustaceans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.7M
IMPORTS (2022)$157M
NET TRADE (2022)-$134M

In 2022, Singapore exported $22.7M in Crustaceans. The main destinations of Singapore exports on Crustaceans were Vietnam ($14.1M), Malaysia ($2.87M), Thailand ($1.42M), Qatar ($720k), and Australia ($649k).

In 2022, Singapore imported $157M in Crustaceans, mainly from Malaysia ($33.2M), Vietnam ($18.8M), Ecuador ($14.5M), Canada ($13.6M), and China ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Vietnam$9.65M (216%)
Thailand$896k (172%)
Qatar$324k (81.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Singapore WERE (2021 - 2022):
Hong Kong-$1.54M (-70.5%)
United States-$139k (-100%)
Brazil-$139k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Singapore's main importing competitors in Crustaceans were:

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $1.33M
TOP IMPORT POTENTIALIndia+ $15.7M

Crustaceans’s highest export potential is Malaysia. With an export gap of $1.33M.   Crustaceans’s highest import potential is India with an import gap of $15.7M.

See methodology.

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