Non-US Markets Emerge as New Growth Engine for Marine Exports

India's marine sector exports rose by 16.18% to $4.87 billion during April-October this fiscal mainly on account of healthy growth in non-US markets, including China, Vietnam, Russia, Canada and the UK, according to the commerce ministry data.

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

An official said that a noteworthy shift in trade patterns in the sector has been witnessed during the period.

The United States, traditionally India's largest shrimp market, registered a 7.43% decline in exports to $85.47 million.

"However, this shortfall was more than compensated by a spectacular rise in shipments to China, Vietnam, Belgium, Japan, Russia, Canada and the UK," the official said.

These gains reflect both a diversification in export destinations and a structural shift in global sourcing trends, as buyers in Asia and Europe increasingly turn toward Indian suppliers for consistent quality and competitive pricing.

Exports of shrimp and prawn to China and Vietnam rose by 24.54% and 123.63% to $568.32 million and $261.67 million, respectively, during the seven-month period, the data showed.

Similarly, exports to Belgium, Japan, Russia, Canada and the UK increased by 94.18%, 10.84%, 49%, 13.54% and 28.81%, respectively, during the period.

Surge in marine products exports is primarily attributed to the healthy growth in shrimp and prawn, India's flagship marine segment, which recorded a 17.43% rise in April-October 2025, increasing from $2.64 billion to $3.10 billion, the data showed.