In December 2021, exports of Marine Products touched $720.51 million, registering a growth of 28.01 per cent over $562.85 million logged in December 2020
Exports of Marine Products registered a growth of 35 per cent to $ 6.1 billion during April-December 2021 (Provisional) as compared to $ 4.5 billion during same period in the year 2020. As compared to April-December 2019 ($ 5.5 Billion) and April-December 2014 ($ 4.4 Billion), exports of marine products registered a growth of 12 per cent and 38 per cent respectively.
In December 2021, exports of marine products touched $ 720.51 Million, registering a growth of 28.01 per cent over $562.85 million logged in December 2020.
The overall exports of Marine Products in the last financial year (March, 2020-April, 2021) was $5.96 Billion, and with $6.11 billion scaled during the first three Quarters of FY2021-22, the sector is very likely to exceed the all-time high of $ 7.02 Billion exports achieved in the FY2017-18, despite the impact of the COVID-19 pandemic since January, 2020.
Top five export destinations in April-November 2021 (latest available, share percentage in bracket) are: the US (44.5 per cent), China (15.3 per cent), Japan (6.2 per cent), Vietnam (4 per cent) and Thailand (3 per cent). Frozen shrimps constitute the major share in India’s Marine Products exports items with 74 per cent share in value terms ($); Frozen Fish (7 per cent), Others (6 per cent) and Frozen Squid (5 per cent) constitute the other major items in the Marine Products exports basket in FY2020-21. Others category included primarily Surimi and Surimi analogue (imitation) products.
