HS Icon Processed Crustaceans

1605 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Processed Crustaceans. In 2020, Processed Crustaceans were the world's 208th most traded product, with a total trade of $16.4B. Between 2019 and 2020 the exports of Processed Crustaceans decreased by -4.36%, from $17.2B to $16.4B. Trade in Processed Crustaceans represent 0.098% of total world trade.

Processed Crustaceans are a part of Preparations of fish, crustacenas, & molluscs. They include Shrimps and prawns, prepared or preserved, Molluscs and shellfish nes, prepared or preserved, Crab, prepared or preserved, Crustaceans nes, prepared or preserved, and Lobster, prepared or preserved.

Exports In 2020 the top exporters of Processed Crustaceans  were China ($3.34B), Vietnam ($2.05B), Indonesia ($1.13B), Thailand ($1.01B), and Russia ($743M).

Imports In 2020 the top importers of Processed Crustaceans were United States ($3.46B), Japan ($1.92B), South Korea ($1.35B), China ($1.17B), and Hong Kong ($969M).

Tariffs In 2018 the average tariff for Processed Crustaceans was 15.9%, making it the 165th lowest tariff using the HS4 product classification.

Ranking Processed Crustaceans ranks 960th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Processed 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): China, $3.34B

Top Destination (2020): United States, $3.46B

Processed Crustaceans are the world's 208th most traded product.

In 2020, the top exporters of Processed Crustaceans were China ($3.34B), Vietnam ($2.05B), Indonesia ($1.13B), Thailand ($1.01B), and Russia ($743M).

In 2020, the top importers of Processed Crustaceans were United States ($3.46B), Japan ($1.92B), South Korea ($1.35B), China ($1.17B), and Hong Kong ($969M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Vietnam, $233M

Top Destination Growth (2019 - 2020): United States, $210M

Between 2019 and 2020, the exports of Processed Crustaceans grew the fastest in Vietnam ($233M), Russia ($122M), Indonesia ($105M), India ($104M), and Chile ($32.5M).

Between 2019 and 2020, the fastest growing importers of Processed Crustaceans were United States ($210M), Malaysia ($106M), Germany ($68.4M), Thailand ($58M), and United Arab Emirates ($21.3M).

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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 Processed Crustaceans.

In 2020,  market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Processed Crustaceans are explained by 24 countries.

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TOP NET EXPORTER (2020): China, $2.16B

TOP NET IMPORTER (2020): United States, $3.21B

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

In 2020, the countries that had a largest trade value in exports than in imports of Processed Crustaceans were China ($2.16B), Vietnam ($1.94B), Indonesia ($1.1B), Thailand ($719M), and India ($632M).

In 2020, the countries that had a largest trade value in imports than in exports of Processed Crustaceans were United States ($3.21B), Japan ($1.48B), South Korea ($1.1B), Hong Kong ($933M), and Italy ($430M).

Disaggregation

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Value

In 2020, the world most traded Processed Crustaceans, disaggragated by their HS6 level were Molluscs and shellfish nes, prepared or... ($6.59B), Shrimps and prawns, prepared or preserved ($6.58B), Crab, prepared or preserved ($2.51B), Crustaceans nes, prepared or preserved ($487M), and Lobster, prepared or preserved ($270M)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Processed Crustaceans.
It is possible to select the main countries that export or import Processed 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 Processed Crustaceans to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.