Marine products exports up 42% to $5 billion in 2013-14

Marine products exports grew by 42% year-on-year to $5 billion in 2013-14.

The exports were aggregated at $3.51 billion.

"During the financial year 2013-14, exports of marine products reached an all-time high of $5 billion, an official statement said.

In volume terms, the exports were 9.83 lakh tonne.

Among marine products, "frozen shrimp continued to be the major export value item accounting for 64.12% of the total exports earnings," it added.

The US is the largest market for Indian frozen shrimps exports followed by European Union, South East Asia and Japan.

India's exports in the last three years have been hovering around $300 billion.

India's exports in 2013-14 fall short of the $325 billion target and managed to reach $312.35 billion. The country's exports stood at $300.4 billion in 2012-13 and $307 billion in 2011-12.