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2022
Exports $713MWorld Rnk 9 / 169
Flag Rnk 313 / 1217
2022
Destination $36.6M Canada
2021 - 2022
FASTEST GROWING MARKET $36.6MChina
2022
PRODUCT COMPLEXITY IN Crustaceans-1.97Rnk 999 / 1025
2022
Imports $9.1BWorld Rnk 1 / 217
Flag Rnk 68 / 1216
2022
Origin $297M India
2021 - 2022
FASTEST GROWING ORIGIN $297MEcuador
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $713M in Crustaceans, making it the 9th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 313th most exported product in United States. The main destination of Crustaceans exports from United States are: Canada ($221M), China ($210M), Italy ($45.2M), Japan ($30.1M), and Hong Kong ($25.3M).

The fastest growing export markets for Crustaceans of United States between 2021 and 2022 were China ($36.6M), Spain ($5.36M), and Italy ($3.8M).

Imports In 2022, United States imported $9.1B in Crustaceans, becoming the 1st largest importer of Crustaceans in the world. At the same year, Crustaceans was the 68th most imported product in United States. United States imports Crustaceans primarily from: India ($2.08B), Canada ($2.03B), Ecuador ($1.63B), Indonesia ($1.01B), and Russia ($861M).

The fastest growing import markets in Crustaceans for United States between 2021 and 2022 were Ecuador ($297M), Mexico ($20M), and Egypt ($15.2M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (771), Lawrence Wholesale (389), and Wismettac Asian Foods (112) were at the forefront of shipping Crustaceans to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Crustaceans exports accounted up to $110M and imports accounted up to $571M, resulting in a negative trade balance of $462M. Between August 2023 and August 2024 the exports of United States'   Crustaceans have decreased by $-764k (-0.69%) from $111M to $110M, while imports decreased by $-98.2M (-14.7%) from $670M to $571M.

Destinations In August 2024, Crustaceans were exported mostly to Canada ($61.2M), China ($26.6M), Italy ($5.01M), Hong Kong ($4.64M), and France ($1.73M), and were imported mostly from India ($169M), Canada ($124M), Ecuador ($103M), Indonesia ($51.1M), and Vietnam ($38.8M).

Growth In August 2024, the decrease in Crustaceans's year-by-year exports was explained primarily by a decrease in exports to Canada ($-6.64M or -25.7%), United Kingdom ($-621k or -49.8%), and Turkey ($-444k or -96.5%). In August 2024, the decrease in Crustaceans's year-by-year imports was explained primarily by a decrease in imports from India ($-67.7M or -29.8%), Indonesia ($-28.8M or -27.6%), and Vietnam ($-18.6M or -59%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-764k(-0.69%)
IMPORT GROWTH (August 2023 - August 2024)$-98.2M(-14.7%)
MAIN EXPORTER (August 2024)Maine$49M
MAIN DESTINATION (August 2024)Canada$61.2M

This section shows Crustaceans's exports and imports data at subnational level for United States. 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)$713M
IMPORTS (2022)$9.1B
NET TRADE (2022)-$8.38B

In 2022, United States exported $713M in Crustaceans. The main destinations of United States exports on Crustaceans were Canada ($221M), China ($210M), Italy ($45.2M), Japan ($30.1M), and Hong Kong ($25.3M).

In 2022, United States imported $9.1B in Crustaceans, mainly from India ($2.08B), Canada ($2.03B), Ecuador ($1.63B), Indonesia ($1.01B), and Russia ($861M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$36.6M (21.2%)
Spain$5.36M (37.1%)
Italy$3.8M (9.19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY United States WERE (2021 - 2022):
Canada-$258M (-53.9%)
Hong Kong-$31M (-55.1%)
Japan-$19.5M (-39.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, United States's main importing competitors in Crustaceans were:
China $8.72B
Japan $2.16B

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $47.2M
TOP IMPORT POTENTIALCanada+ $423M

Crustaceans’s highest export potential is China. With an export gap of $47.2M.   Crustaceans’s highest import potential is Canada with an import gap of $423M.

See methodology.

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