Indian seafood exports hit record high in fiscal year 2022-23

Published 2023년 6월 15일

Tridge summary

India's seafood exports experienced a significant growth in the 2022-2023 financial year, with an increase of 26.73% in quantity and 4.31% in value compared to the previous year. The country exported 13,69,264 tons of seafood worth Rs 57,586.48 crore (US$7,759.58 million). Frozen shrimp was the top export, followed by frozen fish, and the US and China were the largest importers. The exports consisted of various products including frozen shrimp, frozen fish, surimi, frozen octopus, canned foods, frozen lobsters, frozen squid, dried products, and live goods. The export of live goods and chilled products also saw a promising increase. The European Union, Southeast Asia, Japan, and the Middle East were other significant markets. The export of black tiger prawns to the US increased by 4.06% in quantity and 0.26% in rupee terms. China became the second largest seafood export destination with a growth of 51.90% in quantitative terms.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 2022-2023 financial year, exports increased in quantitative terms by 26.73%, in value terms by 4.31%. In 2021-22, India exported 13,69,264 tons of seafood worth Rs 57,586.48 crore (US$7,759.58 million). Frozen shrimp remained the top export in both quantity and value, while the US and China emerged as the top importers of Indian seafood. Frozen shrimp, which earned US$5481.63 million, maintained its position as the most significant item in the seafood export basket, accounting for 40.98% by quantity and 67.72% of total US dollar revenue. Exports of shrimp during this period increased by 1.01% in value terms. The total export of frozen shrimp in 2022-2023 was recorded at 7,11,099 tons. USA, the largest import market (2,75,662 tons) for frozen shrimp, followed by China (1,45,743 tons), European Union (95,377 tons), Southeast Asia (65,466 tons), Japan (40,975 tons) and Middle East (31,647 tons). Frozen fish, the second largest exported commodity, brought US$687.05 million to ...

Source: Fishretail