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Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved

1605 (Harmonized System 1992 for 4-digit)

2023
World Trade $16.6BRnk 243 / 1217
2023
Top Exporter | Top Importer $2.35B | $3.51BChina | United States
2023
Product Complexity -1.64Rnk 979 / 1044
2022 - 2023
Export Growth (CAGR) -10.9%Rnk 780 / 1217
2023
Share of World Trade 0.073%Rnk 243 / 1217

About

Overview This page contains the latest trade data of Processed Crustaceans. In 2023, Processed Crustaceans were the world's 243rd most traded product, with a total trade of $16.6B. Between 2022 and 2023 the exports of Processed Crustaceans decreased by -10.9%, from $18.6B to $16.6B. Trade in Processed Crustaceans represent 0.073% of total world trade.

Processed Crustaceans are a part of Preparations of fish, crustacenas, & molluscs. They include Shrimps and prawns, prepared or preserved, Molluscs and shellfish nes, prepared or preserved, Crab, prepared or preserved, Prepared/Preserved Crustaceans (NES), and Lobster, prepared or preserved.

Exports In 2023 the top exporters of Processed Crustaceans  were China ($2.35B), Vietnam ($1.54B), Indonesia ($1.35B), Russia ($1.01B), and Thailand ($902M).

Imports In 2023 the top importers of Processed Crustaceans were United States ($3.51B), China ($2.24B), Japan ($1.81B), Spain ($970M), and South Korea ($790M).

Ranking Processed Crustaceans ranks 979th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$2.35B
Top Destination (2023)United States$3.51B

In 2023 Processed Crustaceans were the world's 243rd most traded product (out of 1,217).

In 2023, the top exporters of Processed Crustaceans were China ($2.35B), Vietnam ($1.54B), Indonesia ($1.35B), Russia ($1.01B), and Thailand ($902M).

In 2023, the top importers of Processed Crustaceans were United States ($3.51B), China ($2.24B), Japan ($1.81B), Spain ($970M), and South Korea ($790M).

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Exporters of Processed Crustaceans (2023)
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Importers of Processed Crustaceans (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Peru$87.2M
Top Destination Growth (2022 -  2023)China$393M

Between 2022 and 2023, the exports of Processed Crustaceans grew the fastest in Peru ($87.2M), Morocco ($84.9M), United Arab Emirates ($76.5M), United States ($53.1M), and New Zealand ($49.6M).

Between 2022 and 2023, the fastest growing importers of Processed Crustaceans were China ($393M), Egypt ($81.1M), Hong Kong ($54.7M), Macau ($46.5M), and Spain ($42.5M).

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Exporters of Processed Crustaceans (2022 - 2023)

Importers of Processed Crustaceans (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Processed Crustaceans.

In 2023, market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Processed Crustaceans are explained by 29 countries.

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Value of Exports in Processed Crustaceans

Net Trade

TOP NET EXPORTER (2023)Vietnam$1.38B
TOP NET IMPORTER (2023)United States$3.19B

This map shows which countries export or import more of Processed Crustaceans. Each country is colored based on the difference in exports and imports of Processed Crustaceans during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Processed Crustaceans were Vietnam ($1.38B), Indonesia ($1.34B), Russia ($880M), India ($826M), and Morocco ($721M).

In 2023, the countries that had a largest trade value in imports than in exports of Processed Crustaceans were United States ($3.19B), Japan ($1.51B), Hong Kong ($715M), South Korea ($544M), and Italy ($531M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Processed Crustaceans, disaggragated by their HS6 level were Molluscs and shellfish nes, prepared or... ($6.52B), Shrimps and prawns, prepared or preserved ($5.81B), Crab, prepared or preserved ($3.33B), Prepared/Preserved Crustaceans (NES) ($556M), and Lobster, prepared or preserved ($376M)

HS6 Disaggregation for Processed Crustaceans (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Processed Crustaceans.
It is possible to select the main countries that export or import Processed Crustaceans in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Processed Crustaceans by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALJapan+ $29.3M
TOP IMPORT POTENTIALChina+ $5.63M

Processed Crustaceans’s highest export potential is Japan. With an export gap of $29.3M.  Processed Crustaceans’s highest import potential is China with an import gap of $5.63M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Processed Crustaceans.

Country by Relatedness

The following visualization shows the relatedness of Processed Crustaceans to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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