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📦 Callinectes spp., including blue crabs (C. sapidus)

<u>Callinectes</u> <i>spp</i>., including blue crabs (<u>C</u>. <u>sapidus</u>)

HS Code:

📦

Overview

Callinectes spp., including the blue crab (Callinectes sapidus), falls under the Harmonized System (HS) Code 0306.24, which covers crabs, whether in shell or not, live, fresh, chilled, frozen, dried, salted, or in brine. Blue crabs are a highly valued seafood product, primarily harvested in the Atlantic Ocean and the Gulf of Mexico, with significant commercial and recreational fisheries. They are prized for their sweet, tender meat and are a staple in many regional cuisines, particularly in the United States (e.g., Maryland and Louisiana). The global trade of blue crabs and related species involves both wild-caught and aquaculture sources, with demand driven by seafood markets in North America, Europe, and Asia.

Total Trade Volume

Approximately 250,000 metric tons

Data from 2022

Source

FAO Fisheries and Aquaculture Statistics, UN Comtrade Database

Tariff Analysis

Average Rate

7.5% ad valorem

Highest Rate

15% (applied by certain Asian markets)

Lowest Rate

0% (under free trade agreements like USMCA)

Common Restrictions

  • Import quotas in some EU countries
  • Sanitary and phytosanitary (SPS) requirements for live and fresh crabs
  • Sustainability certification requirements (e.g., MSC certification)
  • Seasonal bans to protect local fisheries

Market Trends

Rising demand for sustainable seafood

Increased pressure on exporters to obtain certifications like Marine Stewardship Council (MSC), driving up costs but also opening premium markets.

2021-2023

Growth in Asian markets

Significant increase in demand from China and Southeast Asia for both live and processed crabs, boosting export volumes from countries like Indonesia and Vietnam.

2020-2022

Climate change impacts

Shifts in crab populations due to warming waters and acidification, affecting harvest volumes in traditional regions like the Chesapeake Bay.

2019-2023

Recent Developments

U.S.-China Trade Agreement on Seafood

As part of broader trade negotiations, tariffs on U.S. blue crab exports to China were reduced from 15% to 7%, facilitating increased exports.

January 2023

Expected to boost U.S. export volumes by 10-15% annually to China.

EU Sustainability Regulations Tightened

The European Union introduced stricter import requirements for seafood, mandating traceability and sustainability certifications for all crab imports.

March 2023

Smaller exporters may face market access challenges, while larger players with certification capabilities gain a competitive edge.

Chesapeake Bay Blue Crab Stock Rebound

After years of decline, blue crab populations in the Chesapeake Bay showed a significant recovery due to conservation efforts and favorable environmental conditions.

June 2022

Increased supply from the U.S. East Coast, stabilizing prices and supporting export growth.