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2022
Exports $829MWorld Rnk 7 / 175
Flag Rnk 103 / 1214
2022
Destination $9.57M Italy
2021 - 2022
FASTEST GROWING MARKET $9.57MFrance
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $973MWorld Rnk 5 / 224
Flag Rnk 106 / 1214
2022
Origin $59.4M Morocco
2021 - 2022
FASTEST GROWING ORIGIN $59.4MMauritania
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $829M in Processed Crustaceans, making it the 7th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 103rd most exported product in Spain. The main destination of Processed Crustaceans exports from Spain are: Italy ($193M), Portugal ($165M), United States ($135M), France ($113M), and Germany ($49.2M).

The fastest growing export markets for Processed Crustaceans of Spain between 2021 and 2022 were France ($9.57M), Greece ($4.84M), and Japan ($3.78M).

Imports In 2022, Spain imported $973M in Processed Crustaceans, becoming the 5th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 106th most imported product in Spain. Spain imports Processed Crustaceans primarily from: Morocco ($304M), Mauritania ($261M), Portugal ($60.4M), Chile ($59.8M), and Netherlands ($37.1M).

The fastest growing import markets in Processed Crustaceans for Spain between 2021 and 2022 were Mauritania ($59.4M), Vietnam ($5.2M), and China ($2.92M).

COMPANIES In 2023, leading companies such as Goya Foods (5) and Wismettac Asian Foods (3) were at the forefront of shipping Processed Crustaceans from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Processed Crustaceans exports accounted up to €30.8M and imports accounted up to €27.4M, resulting in a positive trade balance of €3.44M. Between August 2023 and August 2024 the exports of Spain's   Processed Crustaceans have increased by €619k (2.05%) from €30.2M to €30.8M, while imports decreased by €-1.32M (-4.6%) from €28.7M to €27.4M.

Destinations In August 2024, Processed Crustaceans were exported mostly to France (€8.67M), Italy (€4.96M), United States (€4.58M), Portugal (€3.28M), and Germany (€1.73M), and were imported mostly from Chile (€13.2M), United Kingdom (€4.99M), Vietnam (€4.07M), Netherlands (€1.74M), and France (€705k).

Growth In August 2024, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to Italy (€652k or 17.6%), Portugal (€606k or 61.5%), and Greece (€575k or 236%). In August 2024, the decrease in Processed Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Vietnam (€-1.28M or -38.5%), Netherlands (€-730k or -31.5%), and Portugal (€-268k or -41.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€619k(2.05%)
IMPORT GROWTH (August 2023 - August 2024)€-1.32M(-4.6%)
MAIN EXPORTER (August 2024)Pontevedra€12.2M
MAIN DESTINATION (August 2024)France€8.67M

This section shows Processed Crustaceans's exports and imports data at subnational level for Spain. 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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$829M
IMPORTS (2022)$973M
NET TRADE (2022)-$144M

In 2022, Spain exported $829M in Processed Crustaceans. The main destinations of Spain exports on Processed Crustaceans were Italy ($193M), Portugal ($165M), United States ($135M), France ($113M), and Germany ($49.2M).

In 2022, Spain imported $973M in Processed Crustaceans, mainly from Morocco ($304M), Mauritania ($261M), Portugal ($60.4M), Chile ($59.8M), and Netherlands ($37.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$9.57M (9.25%)
Greece$4.84M (32.2%)
Japan$3.78M (654%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Spain WERE (2021 - 2022):
Portugal-$16.1M (-8.9%)
United States-$10.3M (-7.07%)
Italy-$6.9M (-3.46%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Spain's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.6M
TOP IMPORT POTENTIALVietnam+ $6.17M

Processed Crustaceans’s highest export potential is United States. With an export gap of $14.6M.   Processed Crustaceans’s highest import potential is Vietnam with an import gap of $6.17M.

See methodology.

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