Processed Crustaceans1605 (Harmonized System 1992 for 4-digit)
2020 World Trade: $16.4B, Rnk 208 / 1217
2020 Top Exporter | Top Importer: $3.34B | $3.46B, China | United States
2020 Product Complexity: -1.57, Rnk 960 / 1028
2019 - 2020 Export Growth (CAGR): -4.36%, Rnk 497 / 1217
2018 Mean Tariff: 15.9%, Rnk 165 / 1259
2020 Share of World Trade: 0.098%, Rnk 208 / 1217
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).
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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