Marine product exports slide 10.88% to $ 5.86 billion in fiscal year 21



The country’s seafood exports fell 10.88% to $ 5.96 billion (Rs 43,717.26 crore) in 2020-21 due to the pandemic and sluggish foreign markets, a announced Thursday the Ministry of Commerce.

He said the United States, China and the European Union were the main importers, while frozen shrimp retained their position as the main export product, followed by frozen fish.

In 2019-2020, India exported 12 89 651 tonnes of seafood worth Rs 46 662.85 crore (6.68 billion USD). It was 11 49 341 tonnes in 2020-2021.

“The COVID-19 pandemic and sluggish foreign markets have cast a shadow over India’s resurgent seafood sector as the country exported 11 49,341 tonnes of seafood worth 43,717.26 Rupee crore (5.96 billion USD) in 2020-2021, registering a contraction of 10.88%. from a year earlier, ”he said.

Frozen shrimp contributed 51.36 percent in quantity and 74.31 percent of total dollar revenue. The United States remained its largest importer (2,72,041 tonnes), followed by China (1,01846 tonnes), the EU (70,133 tonnes), Japan (40,502 tonnes), Asia South East (38,389 tonnes) and Middle East (29,108 tonnes) tonne).

However, shrimp exports fell 9.47 percent to 4.42 billion USD.

The United States, with imports of 2 91 948 tonnes, continued to be the main importer of Indian seafood with a share of 41.15% in dollars, the statement said.

“China, with an import of 2,18,343 tonnes of seafood worth $ 939.17 million, remained the second largest market with a 15.77% share of dollar profits and 19% in terms of quantity, ”he said.

Also Read: Indian Exports Reach $ 32.21 Billion In May, Trade Deficit Reaches $ 6.32 Billion



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