In 2023-24, the country exported marine products of quantity 17.8 million tons. The value of exports for the same year was US$ 7.38 billion.
India mainly exports frozen shrimps, fish, cuttlefish, squids, dried items, and live and chilled items. Out of these, frozen shrimp is the largest exported marine product contributing to more than 40% of the total quantity and about 66.12% of the total export value.
In the period 2023-24, frozen fish, cuttlefish, and squid accounted for 21.42%, 3.05%, and 5.25% of the total export value of marine products, respectively. This was a change from the previous period, 2022-23, where they represented 21.23%, 3.16%, and 5.49% of the total quantity exported.
During 2023-24 the country exported marine products worth value US$ 7.38 billion, compared to US$ 8.09 billion for the same period last year.
Marine exports from India are expected to reach US$ 14 billion by 2025. The Marine Products Export Development Authority (MPEDA) has already proposed a roadmap to achieve this target, which constitutes necessary steps to enhance production and promote seafood.