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2022
Exports $3.51BWorld Rnk 3 / 169
Flag Rnk 24 / 1210
2022
Destination $83.2M United States
2021 - 2022
FASTEST GROWING MARKET $83.2MChina
2022
PRODUCT COMPLEXITY IN Crustaceans-1.97Rnk 999 / 1025
2022
Imports $696MWorld Rnk 8 / 217
Flag Rnk 165 / 1213
2022
Origin $11.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $11.3MEcuador
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $3.51B in Crustaceans, making it the 3rd largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 24th most exported product in Canada. The main destination of Crustaceans exports from Canada are: United States ($2.03B), China ($678M), South Korea ($104M), Japan ($99.6M), and Vietnam ($63.9M).

The fastest growing export markets for Crustaceans of Canada between 2021 and 2022 were China ($83.2M), Vietnam ($37.4M), and Indonesia ($33.8M).

Imports In 2022, Canada imported $696M in Crustaceans, becoming the 8th largest importer of Crustaceans in the world. At the same year, Crustaceans was the 165th most imported product in Canada. Canada imports Crustaceans primarily from: United States ($221M), India ($141M), Vietnam ($105M), China ($38.6M), and Ecuador ($37.4M).

The fastest growing import markets in Crustaceans for Canada between 2021 and 2022 were Ecuador ($11.3M), Vietnam ($10.8M), and China ($7.85M).

COMPANIES In 2023, leading companies such as Costco Wholesale (2) and Celebrity Cruises (1) were at the forefront of shipping Crustaceans from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Crustaceans exports accounted up to C$327M and imports accounted up to C$130M, resulting in a positive trade balance of C$197M. Between August 2023 and August 2024 the exports of Canada's   Crustaceans have decreased by C$-74.7M (-18.6%) from C$402M to C$327M, while imports increased by C$17.7M (15.7%) from C$112M to C$130M.

Destinations In August 2024, Crustaceans were exported mostly to United States (C$170M), China (C$79.7M), South Korea (C$12.7M), Denmark (C$8.32M), and Japan (C$7.05M), and were imported mostly from United States (C$76.6M), India (C$13.1M), Vietnam (C$12.5M), Norway (C$5.85M), and China (C$5.14M).

Growth In August 2024, the decrease in Crustaceans's year-by-year exports was explained primarily by a decrease in exports to South Korea (C$-3.66M or -28.7%), Iceland (C$-2.08M or -61.6%), and Japan (C$-1.58M or -53.2%). In August 2024, the increase in Crustaceans's year-by-year imports was explained primarily by an increase in imports from India (C$2.48M or 15.4%), Cuba (C$1.4M or 168%), and Norway (C$1.01M or 303%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-74.7M(-18.6%)
IMPORT GROWTH (August 2023 - August 2024)C$17.7M(15.7%)
MAIN EXPORTER (August 2024)Newfoundland LabradorC$286M
MAIN DESTINATION (August 2024)United StatesC$170M

This section shows Crustaceans's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.51B
IMPORTS (2022)$696M
NET TRADE (2022)$2.82B

In 2022, Canada exported $3.51B in Crustaceans. The main destinations of Canada exports on Crustaceans were United States ($2.03B), China ($678M), South Korea ($104M), Japan ($99.6M), and Vietnam ($63.9M).

In 2022, Canada imported $696M in Crustaceans, mainly from United States ($221M), India ($141M), Vietnam ($105M), China ($38.6M), and Ecuador ($37.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$83.2M (14%)
Vietnam$37.4M (141%)
Indonesia$33.8M (209%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Canada WERE (2021 - 2022):
United States-$639M (-24%)
Iceland-$9.76M (-41.9%)
Denmark-$7.95M (-16.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
In 2022, Canada's main importing competitors in Crustaceans were:
United States $9.1B
China $8.72B
Japan $2.16B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $423M
TOP IMPORT POTENTIALIndia+ $34.8M

Crustaceans’s highest export potential is United States. With an export gap of $423M.   Crustaceans’s highest import potential is India with an import gap of $34.8M.

See methodology.

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