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2022
Exports $635MWorld Rnk 9 / 175
Flag Rnk 139 / 1210
2022
Destination $18.6M United States
2021 - 2022
FASTEST GROWING MARKET $18.6MChina
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $480MWorld Rnk 14 / 224
Flag Rnk 231 / 1213
2022
Origin $38.9M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $38.9MVietnam
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $635M in Processed Crustaceans, making it the 9th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 139th most exported product in Canada. The main destination of Processed Crustaceans exports from Canada are: United States ($432M), China ($148M), United Kingdom ($16.8M), Hong Kong ($4.63M), and Denmark ($3.29M).

The fastest growing export markets for Processed Crustaceans of Canada between 2021 and 2022 were China ($18.6M), Sweden ($799k), and Estonia ($644k).

Imports In 2022, Canada imported $480M in Processed Crustaceans, becoming the 14th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 231st most imported product in Canada. Canada imports Processed Crustaceans primarily from: Vietnam ($119M), China ($91.8M), United States ($90M), India ($56M), and Thailand ($23.6M).

The fastest growing import markets in Processed Crustaceans for Canada between 2021 and 2022 were Vietnam ($38.9M), India ($14.8M), and Morocco ($4.44M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Processed Crustaceans exports accounted up to C$75.6M and imports accounted up to C$25.5M, resulting in a positive trade balance of C$50.1M. Between August 2023 and August 2024 the exports of Canada's   Processed Crustaceans have increased by C$20.4M (36.8%) from C$55.2M to C$75.6M, while imports increased by C$1.61M (6.73%) from C$23.9M to C$25.5M.

Destinations In August 2024, Processed Crustaceans were exported mostly to United States (C$56.6M), United Kingdom (C$10.2M), Japan (C$1.55M), China (C$1.24M), and Vietnam (C$1.03M), and were imported mostly from Vietnam (C$9.87M), China (C$4.86M), India (C$2.9M), Thailand (C$2.02M), and Indonesia (C$1.87M).

Growth In August 2024, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to China (C$404k or 2.45k%), United Kingdom (C$172k or 10%), and Hong Kong (C$55.1k or 98.8%). In August 2024, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from India (C$2.86M or 45.1%), Chile (C$274k or 935%), and Japan (C$250k or 263%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$20.4M(36.8%)
IMPORT GROWTH (August 2023 - August 2024)C$1.61M(6.73%)
MAIN EXPORTER (August 2024)New BrunswickC$97M
MAIN DESTINATION (August 2024)United StatesC$56.6M

This section shows Processed 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 Processed Crustaceans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$635M
IMPORTS (2022)$480M
NET TRADE (2022)$155M

In 2022, Canada exported $635M in Processed Crustaceans. The main destinations of Canada exports on Processed Crustaceans were United States ($432M), China ($148M), United Kingdom ($16.8M), Hong Kong ($4.63M), and Denmark ($3.29M).

In 2022, Canada imported $480M in Processed Crustaceans, mainly from Vietnam ($119M), China ($91.8M), United States ($90M), India ($56M), and Thailand ($23.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$18.6M (14.3%)
Sweden$799k (32.7%)
Estonia$644k (179%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Canada WERE (2021 - 2022):
United States-$267M (-38.2%)
France-$25.4M (-93.6%)
Netherlands-$14.3M (-95.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, Canada's main importing competitors in Processed Crustaceans were:
United States $4.38B
Japan $2.15B
China $1.76B

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $101M
TOP IMPORT POTENTIALIndonesia+ $8.09M

Processed Crustaceans’s highest export potential is United States. With an export gap of $101M.   Processed Crustaceans’s highest import potential is Indonesia with an import gap of $8.09M.

See methodology.

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