India ships record amount of seafood in FY24

India achieved an all-time high in seafood exports in volume during the financial year 2023-24, shipping 17,81,602 metric tons (MT) worth Rs 60,523.89 crore (USD 7.38 billion), according to the Ministry of Commerce and Industry.

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Despite facing significant challenges in major export markets, the country saw a 2.67% increase in export volume compared to the previous year.

Frozen shrimp led the charge in both quantity and value, solidifying its position as the major export item. During 2023-24, India exported 716,004 MT of frozen shrimp, earning Rs 40,013.54 crore (USD 4,881.27 million). This represented 40.19% of the total export quantity and 66.12% of the total earnings from seafood exports. The USA emerged as the largest importer of Indian seafood, followed by China, the European Union, Southeast Asia, Japan, and the Middle East.