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Non-US markets emerge as new growth engine for marine exports

Markets

Business Honor
24 November, 2025

The exports to the US have been impacted because of 50% tariffs on Indian marine products

India's marine sector exports have seen a robust spike of 16.18%, reaching $4.87 billion during the April to October period of this fiscal, mainly attributed to strong growth in non-U.S. markets. Key growth markets included China, Vietnam, Russia, Canada, and the United Kingdom according to recent data from the commerce ministry. Indian marine products faced challenges in exports to the U.S. based on the 50% tariff on such products leading to production variability in the sector. Generally, the U.S. is India's largest shrimp business with a 7.43% export decrease to $85.47 million in this period. Officials reported that the decline was more than offset by increased shipments to other parts of the world.

The official remarked on a significant change in trade flows and noted that exporters have greatly diversified their destinations. Exports to China and Vietnam had exceptional growth of 24.54 percent and 123.63%, respectively to reach 568.32 million and 261.67 million. Shipments to Belgium, Japan, Russia, Canada and the UK also indicated healthy growth rates of 94.18 percent, 10.84 percent, 49 percent, 13.54 percent and 28.81 percent respectively.

The main reason for the growth in marine product exports is the thriving shrimp and prawn categories that make up a large proportion of India's marine segment. In the April to October, time period shrimp and prawn exports increased by 17.43 percent from 2.64 billion to 3.10 billion dollars. The data shows that as buyers in Asia and Europe search for reliable suppliers India's consistent quality and pricing makes a powerful addition to its emerging marine exports. This variety not only helps soften the impact of tariffs encountered in traditional markets; it positions India as a most important global player in the seafood supply chain.