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2022
Exports $4.44BWorld Rnk 1 / 175
Flag Rnk 158 / 1216
2022
Destination $340M Malaysia
2021 - 2022
FASTEST GROWING MARKET $340MMalaysia
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $1.76BWorld Rnk 3 / 224
Flag Rnk 155 / 1212
2022
Origin $159M Russia
2021 - 2022
FASTEST GROWING ORIGIN $159MRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $4.44B in Processed Crustaceans, making it the 1st largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 158th most exported product in China. The main destination of Processed Crustaceans exports from China are: Malaysia ($846M), Japan ($749M), Thailand ($461M), Hong Kong ($398M), and South Korea ($368M).

The fastest growing export markets for Processed Crustaceans of China between 2021 and 2022 were Malaysia ($340M), Thailand ($52.1M), and Vietnam ($34.1M).

Imports In 2022, China imported $1.76B in Processed Crustaceans, becoming the 3rd largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 155th most imported product in China. China imports Processed Crustaceans primarily from: Russia ($719M), Canada ($148M), Japan ($113M), Burma ($100M), and Indonesia ($97.2M).

The fastest growing import markets in Processed Crustaceans for China between 2021 and 2022 were Russia ($159M), Japan ($32.1M), and Pakistan ($28.5M).

COMPANIES In 2023, leading companies such as Goldensee Limited (14), Euromarket Designs (6), and Loblaws Supermarkets (5) were at the forefront of shipping Processed Crustaceans from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Processed Crustaceans exports accounted up to $422M and imports accounted up to $14.9M, resulting in a positive trade balance of $407M. Between November 2023 and November 2024 the exports of China's   Processed Crustaceans have increased by $25.1M (6.32%) from $397M to $422M, while imports decreased by $-3.76M (-20.2%) from $18.6M to $14.9M.

Destinations In November 2024, Processed Crustaceans were exported mostly to Malaysia ($107M), Japan ($56.4M), Chinese Taipei ($38.8M), South Korea ($38.4M), and United States ($33M), and were imported mostly from Canada ($2.47M), Pakistan ($1.88M), Vietnam ($1.83M), Indonesia ($1.58M), and Malaysia ($1.45M).

Growth In November 2024, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to Denmark ($1.37M or 287%), Singapore ($405k or 2.34%), and Belarus ($278k or 232%). In November 2024, the decrease in Processed Crustaceans's year-by-year imports was explained primarily by a decrease in imports from Pakistan ($-1.67M or -41.9%), United States ($-1.04M or -78.8%), and Canada ($-981k or -44.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$25.1M(6.32%)
IMPORT GROWTH (November 2023 - November 2024)$-3.76M(-20.2%)
MAIN EXPORTER (November 2024)Fujian Province$274M
MAIN DESTINATION (November 2024)Malaysia$107M

This section shows Processed Crustaceans's exports and imports data at subnational level for China. 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)$4.44B
IMPORTS (2022)$1.76B
NET TRADE (2022)$2.68B

In 2022, China exported $4.44B in Processed Crustaceans. The main destinations of China exports on Processed Crustaceans were Malaysia ($846M), Japan ($749M), Thailand ($461M), Hong Kong ($398M), and South Korea ($368M).

In 2022, China imported $1.76B in Processed Crustaceans, mainly from Russia ($719M), Canada ($148M), Japan ($113M), Burma ($100M), and Indonesia ($97.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$340M (67.1%)
Thailand$52.1M (12.7%)
Vietnam$34.1M (67.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY China WERE (2021 - 2022):
United States-$122M (-25.4%)
Hong Kong-$115M (-22.4%)
Canada-$55.4M (-37.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $94M
TOP IMPORT POTENTIALIndonesia+ $14M

Processed Crustaceans’s highest export potential is United States. With an export gap of $94M.   Processed Crustaceans’s highest import potential is Indonesia with an import gap of $14M.

See methodology.

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