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 Crustaceanswere 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%, making it the 303rd lowest tariff using the HS4 product classification.
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).
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.
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).
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%).
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.