Marine Exports Jump 16% as China & Vietnam Offset Decline in US Shipments
Non-US Markets Emerge as New Growth Engine for Marine Exports: Govt Data New Delhi: India’s marine exports are riding a powerful wave from Asia and Europe as non-US markets emerge as the sector’s biggest growth drivers, helping push total marine shipments up 16.18% to USD 4.87 billion during April–October this fiscal, according to fresh commerce ministry data.
The surge comes even as exports to the United States—long India’s biggest shrimp buyer—tumble under the weight of a 50% tariff on Indian marine products, disrupting traditional trade flows.
US Market Declines, But India Rides New Wave of Buyers
Exports to the US fell by 7.43%, dropping to USD 85.47 million. But the slowdown was not only absorbed—it was overwhelmingly outpaced—by booming demand in China, Vietnam, Russia, Canada, and the UK.
A senior official described the shift as nothing short of structural:
“The shortfall in the US was more than compensated by a spectacular rise in shipments to China, Vietnam, Belgium, Japan, Russia, Canada, and the UK,”
the official said, calling it a fundamental realignment of global seafood sourcing patterns.
Asia Leads the Charge: China & Vietnam Fuel Explosive Growth
India’s flagship segment—shrimp and prawn—was the star performer, with exports to key Asian markets skyrocketing:
- China: up 24.54% to USD 568.32 million
- Vietnam: up a massive 123.63% to USD 261.67 million
This dramatic rise reflects India’s growing position as a preferred supplier for Asian processors and distributors seeking consistent quality and competitive pricing.
Europe & Eurasia Add Momentum
Strong growth wasn’t limited to Asia. Several European and Eurasian markets also posted impressive numbers:
- Belgium: +94.18%
- Japan: +10.84%
- Russia: +49%
- Canada: +13.54%
- United Kingdom: +28.81%
These gains underline a broad diversification strategy, as buyers hedge against traditional sourcing markets and opt for India’s robust aquaculture supply chain.
Shrimp & Prawn: The Backbone of India’s Marine Export Story
India’s shrimp and prawn sector—its marine export powerhouse—recorded a 17.43% jump, rising from USD 2.64 billion to USD 3.10 billion in the seven-month period.
With global demand for protein-rich seafood rising and India’s aquaculture farms scaling up production, the segment remains the anchor of export growth.
A Structural Shift in Global Seafood Trade
Officials and analysts say the latest data signals more than just a temporary rerouting of shipments—it marks a structural shift:
- Asian and European buyers are increasingly turning to India
- India’s competitive pricing and quality consistency are winning markets
- Non-US regions are becoming long-term anchors for marine export stability
This diversification is also cushioning India from geopolitical pressures and tariff fluctuations in any single market.
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