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2022
Exports $218MWorld Rnk 18 / 175
Flag Rnk 259 / 1216
2022
Destination $4.06M France
2021 - 2022
FASTEST GROWING MARKET $4.06MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Processed Crustaceans-1.65Rnk 967 / 1025
2022
Imports $484MWorld Rnk 13 / 224
Flag Rnk 268 / 1214
2022
Origin $50.6M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $50.6MGreenland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $218M in Processed Crustaceans, making it the 18th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 259th most exported product in United Kingdom. The main destination of Processed Crustaceans exports from United Kingdom are: France ($107M), Spain ($34.7M), South Korea ($28.3M), Ireland ($8.7M), and China ($6.74M).

The fastest growing export markets for Processed Crustaceans of United Kingdom between 2021 and 2022 were United Kingdom ($4.06M), Vietnam ($1.66M), and United States ($789k).

Imports In 2022, United Kingdom imported $484M in Processed Crustaceans, becoming the 13th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 268th most imported product in United Kingdom. United Kingdom imports Processed Crustaceans primarily from: Vietnam ($138M), Denmark ($67.6M), Greenland ($52.4M), Iceland ($46.7M), and Honduras ($26.5M).

The fastest growing import markets in Processed Crustaceans for United Kingdom between 2021 and 2022 were Greenland ($50.6M), Vietnam ($21.6M), and Denmark ($16.1M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Processed Crustaceans from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Processed Crustaceans exports accounted up to £4.8M and imports accounted up to £26M, resulting in a negative trade balance of £21.2M. Between June 2023 and June 2024 the exports of United Kingdom's   Processed Crustaceans have decreased by £-1.36k (-0.028%) from £4.8M to £4.8M, while imports increased by £559k (2.2%) from £25.4M to £26M.

Destinations In June 2024, Processed Crustaceans were exported mostly to South Korea (£3.01M), Spain (£898k), Netherlands (£413k), France (£173k), and Ireland (£118k), and were imported mostly from Vietnam (£7.18M), Denmark (£5.2M), Iceland (£3.98M), Norway (£1.72M), and Indonesia (£1.55M).

Growth In June 2024, the decrease in Processed Crustaceans's year-by-year exports was explained primarily by a decrease in exports to Spain (£-548k or -50.9%), China (£-313k or -73.3%), and France (£-216k or -17.4%). In June 2024, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from Norway (£670k or 33%), Iceland (£339k or 10.4%), and Malaysia (£320k or 176%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-1.36k(-0.028%)
IMPORT GROWTH (June 2023 - June 2024)£559k(2.2%)
MAIN EXPORTER (June 2024)Southampton£1.8M
MAIN DESTINATION (June 2024)South Korea£3.01M

This section shows Processed Crustaceans's exports and imports data at subnational level for United Kingdom. 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)$218M
IMPORTS (2022)$484M
NET TRADE (2022)-$266M

In 2022, United Kingdom exported $218M in Processed Crustaceans. The main destinations of United Kingdom exports on Processed Crustaceans were France ($107M), Spain ($34.7M), South Korea ($28.3M), Ireland ($8.7M), and China ($6.74M).

In 2022, United Kingdom imported $484M in Processed Crustaceans, mainly from Vietnam ($138M), Denmark ($67.6M), Greenland ($52.4M), Iceland ($46.7M), and Honduras ($26.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$4.06M (1%)
Vietnam$1.66M (254%)
United States$789k (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY United Kingdom WERE (2021 - 2022):
France-$27M (-20.2%)
Spain-$7.72M (-18.2%)
Netherlands-$6.27M (-49.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Processed Crustaceans were:
China $4.44B
Vietnam $2.42B
Indonesia $1.53B
In 2022, United Kingdom'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+ $3.48M
TOP IMPORT POTENTIALChina+ $12.7M

Processed Crustaceans’s highest export potential is United States. With an export gap of $3.48M.   Processed Crustaceans’s highest import potential is China with an import gap of $12.7M.

See methodology.

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