India’s marine exports are scripting a success story against the odds. Despite punitive US duties, the country clocked a record $8.09 billion in seafood shipments from April to November 2024, up 13.9% year-on-year, according to the Centre.
Volume-wise, exports hit 9,26,824 MT, reflecting strong demand from global buyers. The US remains India’s top destination, absorbing over 20% of shipments, even as tariffs bite into frozen shrimp—a flagship product.
Exporters credit this surge to proactive measures. MPEDA’s focus on value addition, eco-certifications, and disease-free shrimp production has opened doors in premium markets. Concurrently, aggressive marketing in Japan, Vietnam, and the Middle East has reduced over-reliance on the US.
The sector employs millions, particularly in processing hubs along the eastern and western coasts. Government subsidies for modern freezing tech and antibiotics-free farming have enhanced product appeal.
As trade negotiations continue, this performance signals India’s negotiating strength. With seafood consumption rising worldwide amid health trends, projections indicate a potential $12 billion milestone in the coming years, cementing the industry’s role in India’s $2 trillion export ambition.