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India: Seafood exports reaches all time high during FY 2022-23

WorldAsiaIndia: Seafood exports reaches all time high during FY 2022-23

The Indian seafood exports have achieved an all time high in 2022-23. It is to be noted that the overall gradation has been determined on the basis of volume and value. India has shipped over 1.7 million tonnes of seafood worth Rs 63,969.14 crore (USD 8.09 billion) during the FY, growing 26.73% in quantity terms and 4.31% in the terms of value over 2021-22.

As per the statement released by the Ministry of Commerce and Industry, Frozen shrimp remained among the major exporting items in terms of both quantity and value while USA and China turned out to be the major importers of the seafood from India.


Frozen shrimp, which has earned over Rs 43,135.58 crore (USD 5481.63 million) retained its position as the most significant item in the basket of seafood exports, accounting for a share of 40.98% in quantity and 67.72% of the overall dollar earnings. In the terms of rupee, shrimp exports during the period increased by 1.01%.

Frozen fish, which is the second largest exported item, have successfully fetched around Rs 5,503.18 crore (USD 687.05 million) which accounts for over 21.24% in the quantity and 8.49% in dollar earnings, this year the export of frozen fish has grown by 62.65%, 58.51% and 45.73% in quantity, rupee and dollar value terms respectively.

Notably, the United States, China and the Europe are the major markets for Indian seafood. South East Asia is the fourth largest market.

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