HS Icon Crustaceans

0306 (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).

Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Ecuador, $666M

Top Destination Growth (2018 - 2019): China, $2.5B

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).

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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 2019,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Crustaceans are explained by 23 countries.

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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).

Disaggregation

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Value

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)

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.