Seafood Export

India's seafood exports hit a record high in both volume and value during 202526, reaching 19,72,018 metric tonnes worth Rs 73,890.46 crore (USD 8.46 billion), despite global challenges, MPEDA Chairman P Jawahar said on Monday. The Kochi-based Marine Products Export Development Authority is a statutory body established under the Ministry of Commerce and Industry, Government of India, to promote and regulate the export of marine products. According to MPEDA figures, the United States and China remained the top importers of Indian seafood during the fiscal year, while frozen shrimp continued to dominate the export basket. Frozen shrimp, the leading export item, generated Rs 49,037.93 crore (USD 5,624.48 million), accounting for 40.19 per cent of the total quantity exported and 66.52 per cent of total dollar earnings from seafood exports, a statement said. During 202526, India exported 7,92,647 MT of frozen shrimp. Shrimp exports registered growth of 13.16 per cent in rupee terms and

The EU has added India to its updated list of countries eligible to export marine products, safeguarding seafood shipments to the bloc beyond September 2026

India actively negotiated with the European Union to open its market for seafood exports, helping the country overcome challenges arising from steep US tariffs, Union Commerce and Industry Minister Piyush Goyal said on Sunday. Addressing reporters here, he said the government anticipated disruptions and acted swiftly to secure alternative markets for Indian exporters. "Our government works 24 hours. Often, even before a problem arises, we begin planning and action," he said. Goyal said the US decision to impose 50 per cent tariff on Indian seafood had dealt a major blow to exports and caused distress among fishermen. "When America imposed a 50 per cent tariff on Indian seafood, our exports suffered a big setback. Fishermen were very worried. The Centre responded by engaging with the European Union and addressing regulatory bottlenecks that had earlier restricted Indian shipments," he pointed out. Several Indian fishing establishments had been delisted by the EU in the past, but In

India's seafood exports hit a record in FY26, but exporters warn that rupee depreciation and weak demand in key markets like the US mask underlying stress

India's marine exports rise nearly 14% in FY26 despite tariffs and war impact, while rice shipments decline amid weak prices and West Asia disruptions

Thus far in the month of February, the stock price of Avanti Feeds has zoomed 75 per cent, while Apex Frozen Foods 52 per cent.

Indian shrimp exporters have welcomed the US decision to cut tariffs, easing severe cost pressures, though industry players say the move came too late as major import orders for 2026 are in place

India's seafood exports to the United States are expected to recover, following months of declining shipments, after Washington agreed to cut tariffs to 18 per cent from 25 per cent, the Seafood Exporters Association of India (SEAI) said on Tuesday. Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year, while value declined 6.3 per cent to USD 1.72 billion from USD 1.84 billion a year earlier, SEAI General Secretary K N Raghavan said. "The field has become level again, exports should get the boost," Raghavan told PTI. "We expect that with tariffs coming down to 18 per cent, we should get back to the previous levels." The decline came after the US imposed 50 per cent tariffs on Indian goods in August 2025 - the highest for any Asian country - including a 25 per cent penalty linked to India's purchase of Russian oil. During the period of elevated tariffs, Indian exporters were fulfilling existing contracts, but ne

India's seafood exports recorded strong double-digit growth in both value and volume during April-October 2025, despite US tariff measures, the Centre informed Parliament on Wednesday

The growing share of value-added shrimp products-which surged 27% YoY globally and 78% in non-US markets in 5MFY26-should support margins.

India is reducing its dependence on the US for seafood exports after higher tariffs; shrimp exports grew 18% in the first five months of FY26, supported mainly by strong demand in non-US markets

Australia has granted its first import approval for unpeeled Indian prawns, ending a years-long restriction and giving a major boost to India's seafood export sector

The US is India's largest export destination for seafood, followed by the EU. China, Japan, Vietnam, and Thailand are also major seafood export destinations of India

India's fisheries and aquaculture sectors are experiencing significant growth following the UK trade deal and a MoU with the Maldives, which will improve seafood exports and enhance infrastructure

Frozen shrimp remained the leading export item in the Indian seafood basket, generating Rs 40,013.54 crore ($4,881.27 million), while the US emerged as the top market

The Centre is aiming at nearly doubling seafood exports to USD 14 billion by 2025, a Union minister said on Wednesday. Seafood exports are showing a positive trend this fiscal with three per cent growth in volume, she said. "In 2021-22, the (seafood) exports figure was worth USD 7.76 billion, which was 17 per cent of our agriculture shipments. We have a target to achieve USD 14 billion by 2025," Union Minister of State for Commerce and Industry Anupriya Patel said. She was speaking here at the inauguration of the India International Seafood Show 2023. India's commitment towards safe and sustainable seafood production for export will lead the way for enhancing foreign direct investment, thereby contributing to the Make in India' initiative, Patel said. "We are also proceeding in a favourable manner with our Free Trade Agreements (FTAs) with different important-export destinations. "India, today, has become one of the most preferred and one of the very big seafood baskets for the w

Shipments to the US, India's largest market for marine food, are down by over 50% since the outbreak of Covid-19 and the consequent lockdown

Shrimp prices had plunged below the production cost last year due to a glut in global production and uncertainty in world trade

Authority says new initiatives in aquaculture, such as AQF expansion, will be key to achieving $10 billion export goal by 2022

Shrimp exports increased by 20.87% in terms of quantity and 21.64% in dollar