Crustaceans0306 (Harmonized System 1992 for 4-digit)
2019 World Trade: $27.2B, Rnk 138 / 1217
2019 Top Exporter | Top Importer: $4.67B | $6.9B, India | United States
2019 Product Complexity: -1.99, Rnk 937 / 961
2018 - 2019 Export Growth (CAGR): 1.74%, Rnk 284 / 1217
2018 Mean Tariff: 12.3%, Rnk 303 / 1259
2019 Share of World Trade: 0.15%, Rnk 138 / 1217
Overview: This page contains the latest trade data of Crustaceans. In 2019, Crustaceans were the world's 138th most traded product, with a total trade of $27.2B. Between 2018 and 2019 the exports of Crustaceans grew by 1.74%, from $26.8B to $27.2B. Trade in Crustaceans represent 0.15% of total world trade.
Exports: In 2019 the top exporters of Crustaceans were India ($4.67B), Ecuador ($3.89B), Canada ($2.97B), Vietnam ($2.11B), and Indonesia ($1.34B).
Imports: In 2019 the top importers of Crustaceans were United States ($6.9B), China ($6.33B), Japan ($1.84B), Spain ($1.32B), and South Korea ($1.15B).
Tariffs: In 2018 the average tariff for Crustaceans was 12.3%, making it the 303rd 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%), Tunisia (33.8%), and Jamaica (32.6%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Oman (0%).
Ranking: Crustaceans ranks 937th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2019): India, $4.67B
Top Destination (2019): United States, $6.9B
Crustaceans are the world's 138th most traded product.
In 2019, the top exporters of Crustaceans were India ($4.67B), Ecuador ($3.89B), Canada ($2.97B), Vietnam ($2.11B), and Indonesia ($1.34B).
In 2019, the top importers of Crustaceans were United States ($6.9B), China ($6.33B), Japan ($1.84B), Spain ($1.32B), and South Korea ($1.15B).
Trade by country
Between 2018 and 2019, the exports of Crustaceans grew the fastest in Ecuador ($666M), Canada ($275M), Russia ($261M), India ($247M), and Malaysia ($61.5M).
Between 2018 and 2019, the fastest growing importers of Crustaceans were China ($2.5B), United States ($217M), Netherlands ($103M), South Korea ($90.1M), and Denmark ($72.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Crustaceans.
In 2019, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Crustaceans are explained by 23 countries.
TOP NET EXPORTER (2019): India, $4.64B
TOP NET IMPORTER (2019): United States, $6.11B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Crustaceans were India ($4.64B), Ecuador ($3.89B), Canada ($2.29B), Vietnam ($1.42B), and Indonesia ($1.26B).
In 2019, the countries that had a largest trade value in imports than in exports of Crustaceans were United States ($6.11B), China ($5.52B), Japan ($1.81B), South Korea ($1.11B), and Spain ($966M).
In 2019, the world most traded Crustaceans, disaggragated by their HS6 level were Shrimps and prawns, frozen ($19.5B), Crabs, frozen ($3.03B), Lobsters (Homarus), not frozen ($1.63B), Lobsters (Homarus) frozen ($966M), and Rock lobster and other sea crawfish... ($933M)
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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