2022
Exports
$51.1MWorld Rnk 42 / 175
Flag Rnk 251 / 1208
2022
PRODUCT COMPLEXITY IN Processed Crustaceans
-1.65Rnk 967 / 1025
2022
Imports
$274MWorld Rnk 18 / 224
Flag Rnk 185 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $51.1M in Processed Crustaceans, making it the 42nd largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 251st most exported product in Australia. The main destination of Processed Crustaceans exports from Australia are: Hong Kong ($13M), Singapore ($12.6M), China ($8.93M), United States ($6.11M), and Macau ($2.18M).

The fastest growing export markets for Processed Crustaceans of Australia between 2021 and 2022 were Macau ($943k), Malaysia ($822k), and Chinese Taipei ($450k).

Imports In 2022, Australia imported $274M in Processed Crustaceans, becoming the 18th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 185th most imported product in Australia. Australia imports Processed Crustaceans primarily from: Vietnam ($101M), China ($72.6M), Thailand ($37.2M), New Zealand ($14.1M), and Malaysia ($13.6M).

The fastest growing import markets in Processed Crustaceans for Australia between 2021 and 2022 were Vietnam ($21.1M), Thailand ($2.22M), and Malaysia ($2.21M).

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 Processed 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)$51.1M
IMPORTS (2022)$274M
NET TRADE (2022)-$223M

In 2022, Australia exported $51.1M in Processed Crustaceans. The main destinations of Australia exports on Processed Crustaceans were Hong Kong ($13M), Singapore ($12.6M), China ($8.93M), United States ($6.11M), and Macau ($2.18M).

In 2022, Australia imported $274M in Processed Crustaceans, mainly from Vietnam ($101M), China ($72.6M), Thailand ($37.2M), New Zealand ($14.1M), and Malaysia ($13.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Macau$943k (76.4%)
Malaysia$822k (132%)
Chinese Taipei$450k (63.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Australia WERE (2021 - 2022):
Hong Kong-$5.41M (-29.5%)
Singapore-$1.37M (-9.79%)
China-$1.3M (-12.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
In 2022, Australia's main importing competitors in Processed Crustaceans were:

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.47M
TOP IMPORT POTENTIALIndonesia+ $4.75M

Processed Crustaceans’s highest export potential is United States. With an export gap of $3.47M.   Processed Crustaceans’s highest import potential is Indonesia with an import gap of $4.75M.

See methodology.

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