HS Icon Crustaceans

0306 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Crustaceans. In 2020, Crustaceans were the world's 149th most traded product, with a total trade of $24.4B. Between 2019 and 2020 the exports of Crustaceans decreased by -9.9%, from $27.1B to $24.4B. Trade in Crustaceans represent 0.15% of total world trade.

Crustaceans are a part of Aquatic Animals. They include Shrimps and prawns, frozen, Crabs, frozen, Lobsters (Homarus), not frozen, Rock lobster and other sea crawfish, frozen, Rock lobster and other sea crawfish not frozen, Shrimps and prawns, not frozen, Lobsters (Homarus) frozen, Crustaceans nes, frozen,, Crabs, not frozen, and Crustaceans nes, not frozen, among others.

Exports In 2020 the top exporters of Crustaceans  were India ($3.95B), Ecuador ($3.83B), Canada ($2.46B), Vietnam ($2.1B), and Indonesia ($1.5B).

Imports In 2020 the top importers of Crustaceans were United States ($6.72B), China ($5.04B), Japan ($1.68B), Spain ($1.12B), and South Korea ($1.08B).

Tariffs In 2018 the average tariff for Crustaceans was 12.2%, making it the 300th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Crustaceans are Cyprus (36.3%), Turkey (35.8%), Sudan (35%), and Iran (34%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Oman (0%).

Ranking Crustaceans ranks 1004th in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Crustaceans. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): India, $3.95B

Top Destination (2020): United States, $6.72B

Crustaceans are the world's 149th most traded product.

In 2020, the top exporters of Crustaceans were India ($3.95B), Ecuador ($3.83B), Canada ($2.46B), Vietnam ($2.1B), and Indonesia ($1.5B).

In 2020, the top importers of Crustaceans were United States ($6.72B), China ($5.04B), Japan ($1.68B), Spain ($1.12B), and South Korea ($1.08B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Indonesia, $159M

Top Destination Growth (2019 - 2020): Russia, $61.6M

Between 2019 and 2020, the exports of Crustaceans grew the fastest in Indonesia ($159M), Greenland ($76.1M), Honduras ($57.9M), Guatemala ($7.84M), and Guyana ($7.41M).

Between 2019 and 2020, the fastest growing importers of Crustaceans were Russia ($61.6M), Netherlands ($57.5M), Chinese Taipei ($50M), Belgium ($21.4M), and Germany ($19.3M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Crustaceans.

In 2020,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Crustaceans are explained by 22 countries.

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TOP NET EXPORTER (2020): India, $3.93B

TOP NET IMPORTER (2020): United States, $6.1B

This map shows which countries export or import more of Crustaceans. Each country is colored based on the difference in exports and imports of Crustaceans during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Crustaceans were India ($3.93B), Ecuador ($3.82B), Canada ($1.9B), Vietnam ($1.71B), and Indonesia ($1.44B).

In 2020, the countries that had a largest trade value in imports than in exports of Crustaceans were United States ($6.1B), China ($4.33B), Japan ($1.66B), South Korea ($1.04B), and Spain ($791M).

Disaggregation

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Value

In 2020, the world most traded Crustaceans, disaggragated by their HS6 level were Shrimps and prawns, frozen ($17.9B), Crabs, frozen ($2.74B), Lobsters (Homarus), not frozen ($1.36B), Rock lobster and other sea crawfish... ($877M), and Lobsters (Homarus) frozen ($709M)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Crustaceans.
It is possible to select the main countries that export or import Crustaceans in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Crustaceans to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.