HS Icon Crustaceans

0306 (Harmonized System 1992 for 4-digit)

World Trade (2018): $26.5B, Rnk 147 / 1225

Top Exporter (2018): $4.5B, India

Top Importer (2018): $6.67B, United States

Product Complexity (2018): -1.99, Rnk 997 / 1018

Export Growth (CAGR)(2017 - 2018): 3.03%, Rnk 1016 / 1225

Mean Tariff (2018): 12.3%, Rnk 303 / 1259

Share of World Trade (2018): 0.14%, Rnk 147 / 1225

Overview:  This page contains the latest trade data of Crustaceans. In 2018, Crustaceans were the world's 147th most traded product, with a total trade of $26.5B. Between 2017 and 2018 the exports of Crustaceans grew by 3.03%, from  $25.7B to $26.5B. Trade in Crustaceans represent 0.14% of total world trade.

Exports: In 2018 the top exporters of Crustaceans  were India ($4.5B), Ecuador ($3.24B), Canada ($2.7B), Vietnam ($1.89B), and Indonesia ($1.39B).

Imports: In 2018 the top importers of Crustaceans were United States ($6.67B), China ($3.63B), Vietnam ($2.54B), Japan ($1.87B), and Spain ($1.42B).

Tariffs: In 2018 the average tariff for Crustaceans was 12.3%, been the 303 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 997th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $4.5B

Top Destination (2018): United States, $6.67B

Crustaceans are the world's 147th most traded product.

In 2018, the top exporters of Crustaceans were India ($4.5B), Ecuador ($3.24B), Canada ($2.7B), Vietnam ($1.89B), and Indonesia ($1.39B).

In 2018, the top importers of Crustaceans were United States ($6.67B), China ($3.63B), Vietnam ($2.54B), Japan ($1.87B), and Spain ($1.42B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Canada, $371M

Top Destination Growth (2017 - 2018): China, $1.6B

Between 2017 and 2018, the exports of Crustaceans grew the fastest in Canada ($371M), Saudi Arabia ($222M), Ecuador ($175M), Vietnam ($152M), and United Arab Emirates ($90.7M).

Between 2017 and 2018, the fastest growing importers of Crustaceans were China ($1.6B), South Korea ($232M), Netherlands ($177M), Canada ($171M), and Italy ($77.6M).

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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 Crustaceans.

In 2018,  market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Crustaceans are explained by 24 countries.

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TOP NET EXPORTER (2018): India, $4.47B

TOP NET IMPORTER (2018): United States, $5.75B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Crustaceans were India ($4.47B), Ecuador ($3.24B), Canada ($2.02B), Argentina ($1.34B), and Indonesia ($1.33B).

In 2018, the countries that had a largest trade value in imports than in exports of Crustaceans were United States ($5.75B), China ($2.56B), Japan ($1.84B), South Korea ($1.02B), and Spain ($1.02B).

Trade Forecasts

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This section shows forecasts for total trade for Crustaceans. 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 Crustaceans was 12.3%.  The countries with the highest tariffs for importing Crustaceans were Cyprus (36.3%), Turkey (35.8%), Sudan (35%), Tunisia (33.8%), and Jamaica (32.6%).

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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.