According to a press statement from the Ministry of Commerce & Industry, Frozen shrimp remained the major export item in terms of both quantity and value while USA and China turned out to be the major importers of India’s seafood.
Frozen shrimp, which earned Rs 43,135.58 crore ($5481.63 million), retained its position as the most significant item in the basket of seafood exports, accounting for a share of 40.98 per cent in quantity and 67.72 per cent of the total dollar earnings. In rupee terms, shrimp exports during the period increased by 1.01 per cent.
Frozen fish, the second largest exported item, fetched Rs 5,503.18 crore ($687.05 million) accounting for 21.24 per cent in quantity and 8.49 per cent in dollar earnings. This year the export of frozen fish has increased by 62.65 per cent, 58.51 per cent, and 45.73 per cent in quantity, rupee and dollar value terms respectively.
The US, China, and the European Union are key markets for Indian seafood. South East Asia is the fourth largest market.
