India's seafood exports in 2022-2023 exceed 8 billion USD

Despite the increase, India has fallen short of its seafood export target of USD 8.8 billion (EUR) this year. The US is India's top export market, reaching $2.63 billion (EUR 2.41 billion), down 21.9% due to reduced demand. China increased 51.9% in volume to 405,547 tons and 28.4% in value to reach $1.51 billion (EUR 1.38 billion) and the European Union remained India's third largest market with 207,976 tons of export value of USD 1.26 billion (EUR 1.15 billion). India's shrimp exports fell to $5.48 billion (EUR 5.02 billion), down 6% from the 2021-2022 fiscal year. Frozen vannamei accounted for 41 percent of total exports, with top markets including the US 275,662 tonnes, China 145,743 tonnes, the European Union 95,377 tonnes, Southeast Asia 65,466 tonnes, Japan 40,975 tonnes and the Middle East 31,647 tons. Frozen shrimp remains the main export item in terms of both volume and value, while the US and China are major importers of Indian seafood. Vannamei accounts for 96% of ...