India's seafood exports achieved a record high in both volume and value during the fiscal year 2025-26, according to the Marine Products Export Development Authority (MPEDA). The country exported 19,72,018 metric tonnes of seafood, valued at ₹73,890.46 crore ($8.46 billion), despite global challenges.
Export Leaders
- Frozen shrimp dominated the export basket, generating ₹49,037.93 crore ($5,624.48 million), accounting for 40.19% of the total quantity and 66.52% of total dollar earnings.
- The United States remained the largest market for frozen shrimp, importing 2,56,128 MT.
- China was the largest destination in volume terms, importing 4,90,369 MT worth $1,611.32 million.
Market Performance
| Market | Volume (MT) | Value (₹ crore) | Value (USD million) |
|---|---|---|---|
| United States | 2,79,193 | 20,263.27 | 2,328.74 |
| China | 4,90,369 | - | 1,611.32 |
| European Union | 2,97,518 | - | 1,592.09 |
| Southeast Asia | 4,51,756 | - | 1,348.97 |
MPEDA Chairman P Jawahar stated, "The growth in seafood exports is a testament to India's robust marine product sector, despite global economic challenges."
Product Breakdown
- Frozen fish was the second-largest export item, earning ₹5,658.37 crore ($643.70 million).
- Dried products emerged as the third-largest category, with earnings of ₹5,079.09 crore ($577.44 million), marking a 78.05% increase in rupee value.
- Frozen squid exports stood at 1,02,060 MT, fetching ₹4,493.80 crore ($513.84 million).
- Frozen cuttlefish exports rose by 13.32% in volume and 16.25% in dollar value.
Challenges and Opportunities
Despite a decline in exports to the United States by 10.82% in rupee value and 14.22% in dollar value, India maintained its position as a leading seafood exporter. The Marine Products Export Development Authority continues to support the sector through strategic initiatives and market expansion efforts.
The fiscal year 2025-26 has set a new benchmark for India's seafood industry, showcasing resilience and growth potential in the global market.
