HS Icon Crabs, frozen

030614 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.64B, Rnk 1105 / 4726

Top Exporter (2018): $880M, Canada

Top Importer (2018): $798M, United States

Product Complexity (2018): -1.68, Rnk 4599 / 4873

Export Growth (CAGR)(2017 - 2018): -5.38%, Rnk 4155 / 4726

Mean Tariff (2018): 12.1%, Rnk 1754 / 6538

Share of World Trade (2018): 0.014%, Rnk 1105 / 4726

Overview:  This page contains the latest trade data of Crabs, frozen. In 2018, Crabs, frozen were the world's 1105th most traded product, with a total trade of $2.64B. Between 2017 and 2018 the exports of Crabs, frozen decreased by -5.38%, from  $2.79B to $2.64B. Trade in Crabs, frozen represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Crabs, frozen  were Canada ($880M), Russia ($704M), China ($249M), United States ($140M), and Chile ($92.5M).

Imports: In 2018 the top importers of Crabs, frozen were United States ($798M), South Korea ($464M), China ($319M), Netherlands ($283M), and Japan ($214M).

Tariffs: In 2018 the average tariff for Crabs, frozen was 12.1%, been the 1754 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Crabs, frozen are Cyprus (40%), Jamaica (40%), Belize (38.2%), Barbados (37.8%), and Trinidad and Tobago (37.8%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Crabs, frozen ranks 4599th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Canada, $880M

Top Destination (2018): United States, $798M

Crabs, frozen are the world's 1105th most traded product.

In 2018, the top exporters of Crabs, frozen were Canada ($880M), Russia ($704M), China ($249M), United States ($140M), and Chile ($92.5M).

In 2018, the top importers of Crabs, frozen were United States ($798M), South Korea ($464M), China ($319M), Netherlands ($283M), and Japan ($214M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Bahrain, $22.2M

Top Destination Growth (2017 - 2018): South Korea, $203M

Between 2017 and 2018, the exports of Crabs, frozen grew the fastest in Bahrain ($22.2M), Russia ($20.6M), Chile ($12.8M), Ireland ($12M), and Chinese Taipei ($11.9M).

Between 2017 and 2018, the fastest growing importers of Crabs, frozen were South Korea ($203M), Netherlands ($120M), Thailand ($23.4M), China ($8.85M), and France ($8.84M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Crabs, frozen.

In 2018,  market concentration measured using Shannon Entropy, was 3.28. This means that most of the exports of Crabs, frozen are explained by 9 countries.

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TOP NET EXPORTER (2018): Canada, $848M

TOP NET IMPORTER (2018): United States, $657M

This map shows which countries export or import more of Crabs, frozen. Each country is colored based on the difference in exports and imports of Crabs, frozen during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Crabs, frozen were Canada ($848M), Russia ($704M), Chile ($92.4M), Norway ($47.5M), and Bahrain ($39.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Crabs, frozen were United States ($657M), South Korea ($433M), Netherlands ($275M), Japan ($199M), and China ($69.4M).

Trade Forecasts

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This section shows forecasts for total trade for Crabs, frozen. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Crabs, frozen was 12.1%.  The countries with the highest tariffs for importing Crabs, frozen were Cyprus (40%), Jamaica (40%), Belize (38.2%), Barbados (37.8%), and Trinidad and Tobago (37.8%).

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Product Complexity

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Diversification Frontier

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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.