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2022
Exports $255MWorld Rnk 17 / 175
Flag Rnk 546 / 1217
2022
Destination $4.43M Canada
2021 - 2022
FASTEST GROWING MARKET $4.43MIndonesia
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $4.38BWorld Rnk 1 / 224
Flag Rnk 130 / 1216
2022
Origin $153M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $153MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $255M in Processed Crustaceans, making it the 17th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 546th most exported product in United States. The main destination of Processed Crustaceans exports from United States are: Canada ($90M), China ($36.8M), Denmark ($22.8M), India ($18.4M), and Vietnam ($10.4M).

The fastest growing export markets for Processed Crustaceans of United States between 2021 and 2022 were Indonesia ($4.43M), Dominican Republic ($1.02M), and Colombia ($1.02M).

Imports In 2022, United States imported $4.38B in Processed Crustaceans, becoming the 1st largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 130th most imported product in United States. United States imports Processed Crustaceans primarily from: Indonesia ($995M), India ($711M), Vietnam ($610M), Canada ($432M), and China ($358M).

The fastest growing import markets in Processed Crustaceans for United States between 2021 and 2022 were India ($153M), Egypt ($46.7M), and Chile ($27.4M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (781), Lawrence Wholesale (249), and Wismettac Asian Foods (148) were at the forefront of shipping Processed Crustaceans to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Processed Crustaceans exports accounted up to $7.82M and imports accounted up to $269M, resulting in a negative trade balance of $261M. Between August 2023 and August 2024 the exports of United States'   Processed Crustaceans have decreased by $-1.33M (-14.6%) from $9.15M to $7.82M, while imports decreased by $-31M (-10.3%) from $300M to $269M.

Destinations In August 2024, Processed Crustaceans were exported mostly to Denmark ($3.11M), Canada ($1.57M), China ($782k), Mexico ($614k), and Colombia ($463k), and were imported mostly from Indonesia ($62.8M), Vietnam ($50.8M), Canada ($41.4M), India ($37M), and Thailand ($15.1M).

Growth In August 2024, the decrease in Processed Crustaceans's year-by-year exports was explained primarily by a decrease in exports to Bahamas ($-77.8k or -57.9%), Colombia ($-70.9k or -34.4%), and Panama ($-67.7k or -69.7%). In August 2024, the decrease in Processed Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-39M or -35%), Vietnam ($-19.5M or -35.4%), and China ($-10.5M or -41.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.33M(-14.6%)
IMPORT GROWTH (August 2023 - August 2024)$-31M(-10.3%)
MAIN EXPORTER (August 2024)California$4.92M
MAIN DESTINATION (August 2024)Denmark$3.11M

This section shows Processed 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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$255M
IMPORTS (2022)$4.38B
NET TRADE (2022)-$4.13B

In 2022, United States exported $255M in Processed Crustaceans. The main destinations of United States exports on Processed Crustaceans were Canada ($90M), China ($36.8M), Denmark ($22.8M), India ($18.4M), and Vietnam ($10.4M).

In 2022, United States imported $4.38B in Processed Crustaceans, mainly from Indonesia ($995M), India ($711M), Vietnam ($610M), Canada ($432M), and China ($358M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR United States WERE (2021 - 2022):
Indonesia$4.43M (111%)
Dominican Republic$1.02M (115%)
Colombia$1.02M (83.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY United States WERE (2021 - 2022):
China-$18.8M (-33.8%)
Canada-$18.2M (-16.8%)
France-$13.1M (-97.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, United States's main importing competitors in Processed Crustaceans were:
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 POTENTIALCanada+ $6.61M
TOP IMPORT POTENTIALCanada+ $101M

Processed Crustaceans’s highest export potential is Canada. With an export gap of $6.61M.   Processed Crustaceans’s highest import potential is Canada with an import gap of $101M.

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