HS Code:
The Goldfish (Carassius auratus) and Crucian carp (Carassius carassius) category, often classified under HS Code 0301.11 (live ornamental freshwater fish), includes species primarily traded for ornamental purposes in aquariums and garden ponds. Goldfish, one of the most popular ornamental fish globally, are bred in various colors and forms, while Crucian carp, though less common in the pet trade, are sometimes utilized in aquaculture and recreational fishing. This category represents a niche but significant segment of the global aquaculture and pet trade industries, driven by demand from hobbyists, pet stores, and landscaping businesses. Trade in these species is influenced by factors such as breeding techniques, environmental regulations, and consumer preferences for exotic varieties.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, FAO Fisheries and Aquaculture Statistics
$60 million USD
40% of total trade of total trade
Increasing
$25 million USD
16.7% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Increasing
$10 million USD
6.7% of total trade of total trade
Stable
$8 million USD
5.3% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain developing countries to protect local aquaculture)
Lowest Rate
0% (under free trade agreements or for ornamental fish in specific markets like the EU)
Rising demand for premium and rare goldfish varieties
Increased prices and trade volumes for unique breeds like Oranda and Ryukin, especially in Asian and North American markets
2021-2022
Growth in online pet trade platforms
Facilitated direct-to-consumer sales of ornamental fish, boosting trade but raising concerns over shipping stress and mortality rates
2020-2022
Stricter environmental regulations
Higher compliance costs for exporters due to biosecurity and sustainability requirements, potentially reducing trade from non-compliant regions
2019-2022
The European Union introduced stricter import regulations for live ornamental fish to prevent the spread of aquatic diseases, requiring additional health certifications.
April 2022
Increased costs for exporters from Asia, potentially reducing trade volumes to Europe in the short term.
China announced investments in large-scale breeding facilities to meet growing global demand for ornamental goldfish, focusing on sustainable practices.
September 2021
Expected to solidify China’s dominance in the market, potentially lowering prices due to higher supply.
The United States tightened regulations on the import of certain carp species, including hybrids of Crucian carp, due to concerns over invasive potential in local waterways.
January 2023
Reduced imports of Crucian carp into the US, shifting focus to goldfish varieties and impacting smaller exporters.