Exports Of Marine Products Register A Growth Of 35% To USD 6.1 Billion During April-December 2021

New Delhi, January 31 (TNA) Exports of Marine Products registered a growth of 35% to USD 6.1 Billion during April-December 2021 (Provisional) as compared to USD 4.5 Billion during same period in the year 2020. As compared to April-December 2019 (USD 5.5 Billion) and April-December 2014 (USD 4.4 Billion), exports of Marine Products registered a growth of 12% and 38% respectively.

In the month of December 2021, exports of Marine Products touched USD 720.51 Million, registering a growth of 28.01% over $562.85 Mn logged in December 2020. The overall exports of Marine Products in the last Financial Year (March, 2020-April, 2021) was USD 5.96 Billion, and with USD 6.11 Billion scaled during the first three Quarters of FY2021-22, the sector is very likely to exceed the all-time high of USD 7.02 Billion exports achieved in the FY2017-18, despite the impact of the Covid19 pandemic since January, 2020.

Top 5 export destinations in April-November 2021 were USA (44.5%), China (15.3%), Japan (6.2%), Vietnam (4%) & Thailand (3%). Frozen shrimps constitute the major share in India’s Marine Products exports items with 74% share in value terms (USD); Frozen Fish (7%), Others (6%) and Frozen Squid (5%) constitute the other major items in the Marine Products exports basket in FY2020-21. Others category included primarily Surimi and Surimi analogue (imitation) products.