2022
Exports
$1.06BWorld Rnk 5 / 175
Flag Rnk 60 / 1211
2022
PRODUCT COMPLEXITY IN Processed Crustaceans
-1.65Rnk 967 / 1025
2022
Imports
$565MWorld Rnk 10 / 224
Flag Rnk 103 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $1.06B in Processed Crustaceans, making it the 5th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 60th most exported product in Thailand. The main destination of Processed Crustaceans exports from Thailand are: United States ($330M), Japan ($319M), South Korea ($109M), China ($73.4M), and Australia ($37.2M).

The fastest growing export markets for Processed Crustaceans of Thailand between 2021 and 2022 were Japan ($25.5M), Australia ($2.22M), and Singapore ($1.79M).

Imports In 2022, Thailand imported $565M in Processed Crustaceans, becoming the 10th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 103rd most imported product in Thailand. Thailand imports Processed Crustaceans primarily from: China ($461M), Burma ($20.6M), Bangladesh ($16.3M), Pakistan ($8.79M), and New Zealand ($7.84M).

The fastest growing import markets in Processed Crustaceans for Thailand between 2021 and 2022 were China ($52.1M), Bangladesh ($7.44M), and New Zealand ($2.75M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (308), Wismettac Asian Foods (3), and Loblaws Supermarkets (3) were at the forefront of shipping Processed Crustaceans from Thailand to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Processed Crustaceans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.06B
IMPORTS (2022)$565M
NET TRADE (2022)$492M

In 2022, Thailand exported $1.06B in Processed Crustaceans. The main destinations of Thailand exports on Processed Crustaceans were United States ($330M), Japan ($319M), South Korea ($109M), China ($73.4M), and Australia ($37.2M).

In 2022, Thailand imported $565M in Processed Crustaceans, mainly from China ($461M), Burma ($20.6M), Bangladesh ($16.3M), Pakistan ($8.79M), and New Zealand ($7.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Japan$25.5M (8.68%)
Australia$2.22M (6.34%)
Singapore$1.79M (26.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Thailand WERE (2021 - 2022):
China-$53.8M (-42.3%)
United States-$13.3M (-3.87%)
Burma-$11.2M (-49.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
In 2022, Thailand's main importing competitors in Processed Crustaceans were:

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Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12M
TOP IMPORT POTENTIALVietnam+ $5.04M

Processed Crustaceans’s highest export potential is China. With an export gap of $12M.   Processed Crustaceans’s highest import potential is Vietnam with an import gap of $5.04M.

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