India’s Seafood Exports Hit Record Rs 72,326 Crore In FY26

Shipments of shrimp rose by 4.6 per cent in volume and 6.35 per cent in value during the year. The United States remained the largest export destination with imports worth USD 2.32 billion, although shipments declined by 19.8 per cent in volume and 14.5 per cent in value, largely due to the impact of reciprocal tariffs. The decline was offset by strong growth in alternative markets. Exports to China increased by 22.7 per cent in value and 20.1 per cent in volume, while shipments to the European Union rose sharply by 37.9 per cent in value and 35.2 per cent in volume. Southeast Asian markets also recorded robust growth of over 36.1 per cent in value and 28.2 per cent in volume. Exports to Japan grew by 6.55 per cent in value, while West Asia saw a marginal decline. On the product side, exports of frozen fish, squid, cuttlefish, dried items, and live products registered positive growth, while chilled products declined. Value-added segments such as surimi, fishmeal, and fish oil also showed improved performance. In terms of logistics, key ports including Visakhapatnam Port, Jawaharlal Nehru Port, Cochin Port, Kolkata Port and Chennai Port together accounted for nearly 64 per cent of the total export value. (KNN Bureau)