Processed Crustaceans in United States 2021 Exports | Imports : $345M | $4.79B, World Rnk 15 / 183 Rnk 445 / 1216 | World Rnk 1 / 217 Rnk 115 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $23.4M | $350M, China | Canada
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Processed Crustaceans: -1.74, Rnk 975 / 1024
Exports In 2021, United States exported $345M in Processed Crustaceans, making it the 15th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 445th most exported product in United States. The main destination of Processed Crustaceans exports from United States are: Canada ($106M), China ($55.5M), Denmark ($24.1M), India ($22.7M), and Hong Kong ($17.1M).
The fastest growing export markets for Processed Crustaceans of United States between 2020 and 2021 were China ($23.4M), Canada ($20.7M), and Denmark ($11.4M).
Imports In 2021, United States imported $4.79B in Processed Crustaceans, becoming the 1st largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 115th most imported product in United States. United States imports Processed Crustaceans primarily from: Indonesia ($1.04B), Canada ($700M), Vietnam ($634M), India ($554M), and China ($489M).
The fastest growing import markets in Processed Crustaceans for United States between 2020 and 2021 were Canada ($350M), Indonesia ($290M), and China ($97.8M).
May 2023
Overview In May 2023 United States' Processed Crustaceans exports accounted up to $10.3M and imports accounted up to $246M, resulting in a negative trade balance of $236M. Between May 2022 and May 2023 the exports of United States' Processed Crustaceans have increased by $162k (1.59%) from $10.2M to $10.3M, while imports decreased by $-140M (-36.3%) from $387M to $246M.
Destinations In May 2023, Processed Crustaceans were exported mostly to Mexico ($2.04M), Canada ($1.62M), Denmark ($1.19M), Taiwan ($1.19M), and Singapore ($585k), and were imported mostly from Indonesia ($68.1M), India ($34.9M), Vietnam ($34.8M), Canada ($32.8M), and Thailand ($14.3M).
Growth In May 2023, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to Netherlands ($608k or 19.1k%), Bahamas ($77.2k or 135%), and Colombia ($60.9k or 42%). In May 2023, the decrease in Processed Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-1.01M or -3.39%), Italy ($-476k or -52.6%), and Peru ($-347k or -37.4%).
EXPORT GROWTH (May 2022 - May 2023): $162k, (1.59%)
IMPORT GROWTH (May 2022 - May 2023): $-140M, (-36.3%)
MAIN EXPORTER (May 2023): California, $3.85M
MAIN DESTINATION (May 2023): Mexico, $2.04M
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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EXPORTS (2021): $345M
IMPORTS (2021): $4.79B
NET TRADE (2021): -$4.44B
In 2021, United States exported $345M in Processed Crustaceans. The main destinations of United States exports on Processed Crustaceans were Canada ($106M), China ($55.5M), Denmark ($24.1M), India ($22.7M), and Hong Kong ($17.1M).
In 2021, United States imported $4.79B in Processed Crustaceans, mainly from Indonesia ($1.04B), Canada ($700M), Vietnam ($634M), India ($554M), and China ($489M).
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Processed Crustaceans were:
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