India’s seafood exports touch 17.35 MT during 2022-23; grow 26.73% in quantity terms

Published 2023년 6월 14일

Tridge summary

India achieved a record high in seafood exports in FY 2022-23, with a total of 17,35,286 MT valued at INR 63,969.14 crore (US$ 8.09 billion), marking a 26.73% increase in quantity and an 11.08% increase in rupee terms. Frozen shrimp was the top export, contributing 40.98% in quantity and 67.72% in total US$ earnings. The USA and China were the largest importers of India's seafood. Other exports included frozen fish, surimi, frozen octopus, surimi analogue products, canned products, frozen lobster, and dried items. Exports to the USA and China experienced growth, while exports to the EU, SE Asia, Japan, and the Middle East saw a decline.

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

Original content

Frozen shrimp retains the top position as the major export seafood item NEW DELHI, 14 June 2023: India achieved an all-time high exports of seafood both in terms of volume and value (both US$ and Rupee) by shipping 17,35,286 MT of seafood worth INR 63,969.14 crore (US$ 8.09 billion) during FY 2022-23 despite the several challenges in its major export markets like USA. During the FY 2022-23, the export improved in quantity terms by 26.73 percent, in rupee terms by 11.08 percent, in US$ terms by 4.31 percent. In 2021-22, India had exported 13,69,264 MT of seafood worth INR 57,586.48 crore (US$ 7,759.58 million). 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 INR 43,135.58 crore (US$ 5481.63 million), retained its position as the most significant item in the basket of seafood exports, accounting for a share of 40.98 percent in quantity and 67.72 ...

Source: Agricultural Times