Non-US markets emerge as new growth engine for marine exports: Government data
- IBEF
- November 25, 2025
India’s marine product exports rose by 16.18% to Rs. 43,425 crore (US$ 4.87 billion) during April-October 2025, driven by strong demand from non-United States (US) markets such as China, Vietnam, Russia, Canada, and the United Kingdom (UK). Commerce ministry data show that while exports to the US declined by 7.43% to Rs. 762 crore (US$ 85.47 million) due to the 50% tariff on Indian marine products, this shortfall was offset by a sharp rise in shipments to Asian and European destinations. Exports of shrimp and prawn, the country’s flagship marine segment, increased by 17.43% in the period, rising from Rs. 23,540 crore (US$ 2.64 billion) to Rs. 27,642 crore (US$ 3.10 billion), supported by robust demand and competitive pricing. Notably, shipments of shrimp and prawn grew by 24.54% to China and 123.63% to Vietnam, with additional gains in Belgium, Japan, Canada, and the UK.
The data indicate a clear shift in global sourcing patterns as buyers diversify away from traditional markets. Belgium recorded a 94.18% increase in imports from India, Japan 10.84%, Russia 49%, Canada 13.54% and the UK 28.81%. This broad-based expansion reflects rising confidence in India’s marine supply chain, which continues to strengthen its position through improved processing capacity, consistent quality, and wider market reach. The trend also points to a more resilient export profile, reducing dependence on any single market and expanding India’s footprint across Asia and Europe.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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