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2023
Exports $704MWorld Rnk 7 / 163
Flag Rnk 298 / 1217
2023
Destination $72.1M China
2022 - 2023
FASTEST GROWING MARKET $72.1MChina
2023
PRODUCT COMPLEXITY IN Crustaceans-1.94Rnk 993 / 1025
2023
Imports $7.12BWorld Rnk 2 / 216
Flag Rnk 83 / 1215
2023
Origin $56M India
2022 - 2023
FASTEST GROWING ORIGIN $56MChina
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $704M in Crustaceans, making it the 7th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 298th most exported product in United States. The main destination of Crustaceans exports from United States are: China ($270M), Canada ($224M), Italy ($43.1M), Hong Kong ($24.6M), and Japan ($22.8M).

The fastest growing export markets for Crustaceans of United States between 2022 and 2023 were China ($72.1M), Canada ($11.1M), and Italy ($2.9M).

Imports In 2023, United States imported $7.12B in Crustaceans, becoming the 2nd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 83rd most imported product in United States. United States imports Crustaceans primarily from: India ($1.92B), Canada ($1.67B), Ecuador ($1.4B), Indonesia ($753M), and Vietnam ($287M).

The fastest growing import markets in Crustaceans for United States between 2022 and 2023 were China ($56M), Bahamas ($21.2M), and Norway ($17.6M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (771), Lawrence Wholesale (389), and Wismettac Asian Foods (112) were at the forefront of shipping Crustaceans to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Crustaceans exports accounted up to $92.1M and imports accounted up to $554M, resulting in a negative trade balance of $462M. Between November 2023 and November 2024 the exports of United States'   Crustaceans have decreased by $-6.46M (-6.56%) from $98.6M to $92.1M, while imports increased by $39.3M (7.62%) from $515M to $554M.

Destinations In November 2024, Crustaceans were exported mostly to Canada ($44.5M), China ($23.7M), Hong Kong ($4.5M), Italy ($2.88M), and India ($2.17M), and were imported mostly from India ($168M), Ecuador ($95.2M), Indonesia ($74.9M), Canada ($71.8M), and Vietnam ($29.4M).

Growth In November 2024, the decrease in Crustaceans's year-by-year exports was explained primarily by a decrease in exports to Canada ($-6.64M or -25.7%), United Kingdom ($-621k or -49.8%), and Turkey ($-444k or -96.5%). In November 2024, the increase in Crustaceans's year-by-year imports was explained primarily by an increase in imports from Canada ($13.4M or 16.5%), Ecuador ($3.48M or 3.14%), and Venezuela ($1.01M or 84%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-6.46M(-6.56%)
IMPORT GROWTH (November 2023 - November 2024)$39.3M(7.62%)
MAIN EXPORTER (November 2024)Maine$70.2M
MAIN DESTINATION (November 2024)Canada$44.5M

This section shows Crustaceans's exports and imports data at subnational level for United States. 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)$704M
IMPORTS (2023)$7.12B
NET TRADE (2023)-$6.42B

In 2023, United States exported $704M in Crustaceans. The main destinations of United States exports on Crustaceans were China ($270M), Canada ($224M), Italy ($43.1M), Hong Kong ($24.6M), and Japan ($22.8M).

In 2023, United States imported $7.12B in Crustaceans, mainly from India ($1.92B), Canada ($1.67B), Ecuador ($1.4B), Indonesia ($753M), and Vietnam ($287M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR United States WERE (2022 - 2023):
China$72.1M (36.4%)
Canada$11.1M (5.24%)
Italy$2.9M (7.21%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY United States WERE (2022 - 2023):
Japan-$10.7M (-31.9%)
Indonesia-$9.43M (-72.5%)
France-$7.51M (-42.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Crustaceans were:
Ecuador $6.88B
India $4.56B
Canada $2.96B
In 2023, United States's main importing competitors in Crustaceans were:
China $7.85B
Japan $1.67B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $47.2M
TOP IMPORT POTENTIALCanada+ $423M

Crustaceans’s highest export potential is China. With an export gap of $47.2M.   Crustaceans’s highest import potential is Canada with an import gap of $423M.

See methodology.

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