India’s seafood basket: Exports remained flat at $7 billion in 2024-25; shipment volume dips
India’s seafood exports held steady at $7.45 billion in 2024-25, despite overall shipment volumes declining, the commerce ministry said on Saturday.
The country exported 16,98,170 tonnes of seafood last fiscal, down from 17,81,602 tonnes recorded a year earlier.
In 2023-24, the exports had been valued at Rs 60,523.89 crore ($7.38 billion), according to a ministry statement issued on June 19, last year.
"India shipped 16,98,170 tonne of seafood worth Rs 62,408.45 crore ($7.45 billion) during 2024-25," the ministry was quoted by PTI.
Frozen shrimp continued to dominate India’s seafood basket, remaining the top export in both quantity and value.
Shipments of shrimp fetched $5.17 billion, accounting for 43.67% of the total volume and 69.46 per cent of dollar earnings. Frozen fish followed with exports worth $622.60 million, while frozen squid brought in $367.68 million.
The United States retained its position as India’s largest seafood market in value terms, with imports worth $2.71 billion, up from $2.55 billion in 2023-24.
Exports to China stood at $1.27 billion, while sales to the European Union totalled $1.12 billion. Shipments to South East Asia were valued at $974.99 million, followed by Japan ($411.55 million) and the Middle East ($278.31 million).
Among ports, Vizag and JNPT handled the highest seafood cargo during the year.
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In 2023-24, the exports had been valued at Rs 60,523.89 crore ($7.38 billion), according to a ministry statement issued on June 19, last year.
"India shipped 16,98,170 tonne of seafood worth Rs 62,408.45 crore ($7.45 billion) during 2024-25," the ministry was quoted by PTI.
Frozen shrimp continued to dominate India’s seafood basket, remaining the top export in both quantity and value.
Shipments of shrimp fetched $5.17 billion, accounting for 43.67% of the total volume and 69.46 per cent of dollar earnings. Frozen fish followed with exports worth $622.60 million, while frozen squid brought in $367.68 million.
The United States retained its position as India’s largest seafood market in value terms, with imports worth $2.71 billion, up from $2.55 billion in 2023-24.
Among ports, Vizag and JNPT handled the highest seafood cargo during the year.
Stay informed with the latest business news, updates on bank holidays, public holidays, current gold rate and silver price.
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