India's Seafood Surge: Record-Breaking Exports Hit New Highs

India's seafood exports have achieved a record increase of 11.2% year-on-year, reaching USD 8.28 billion, according to a statement from the Commerce Ministry. This growth was largely driven by increased shipments to European markets and China, despite a decline in exports to the US.

The decline in the US was offset by robust growth in alternative markets, notably China and the EU, where exports surged by 22.7% and 37.9% in value, respectively. Southeast Asian countries also recorded significant expansion. Frozen shrimp has been identified as the primary growth driver, contributing USD 5.51 billion and representing over two-thirds of total earnings.

Logistics continue to play a crucial role, with the top ports in India, such as Vizag and JNPT, accounting for 64% of the export value. This highlights their persistent importance in the supply chain of India's seafood exports. Other products like frozen fish also showed positive momentum, while chilled items declined.