India's seafood exports diversify beyond US after tariffs; shrimp shipments up 18% in first 5 months of FY26: Report

India's seafood exports diversify beyond US after tariffs; shrimp shipments up 18% in first 5 months of FY26: Report

India's seafood sector is expanding its global market reach, reducing dependence on the US amid rising tariffs. Here are the key non-US markets driving shrimp export growth.

Non-US Markets Drive Growth in India’s Marine Exports Amid Tariff Challenges

India’s marine product exports grew 16.18% to ₹43,425 crore (US$ 4.87 billion) between April and October 2025, supported by strong demand from non-US markets, according to fresh government data. With the United States imposing a 50% tariff on Indian marine goods, exports to the US fell 7.43% to ₹762 crore. However, this dip was more than compensated by rising shipments to China, Vietnam, Russia, Canada, the UK, and several European destinations.…

Vietnam's shrimp exports see strongest growth in 3 years, hit $3.4bn

But fourth-quarter sales are now expected to decline due to issues with exporting to the US, though Indonesia's own troubles with that market are presenting some opportunities

India Widens Seafood Exports as US Shrimp Tariffs Rise

India’s seafood exporters are accelerating efforts to reduce their reliance on the United States, expanding into new global markets as higher US tariffs dampen competitiveness. According to CareEdge Ratings, India’s shrimp sector continued to post healthy growth in the first five months of FY26, even as American demand softened. Shrimp export earnings rose 18% year-on-year to $2.43 billion between April and August 2025, supported by an 11% incre…

Non-US Markets Drive 16.18% Growth in India’s Marine Exports to USD 4.87 Billion in FY26 (Apr–Oct) I Economy India

New Delhi (Economy India): India’s marine export sector recorded a strong rebound in the first seven months of the fiscal year 2025-26, with outbound shipments rising 16.18% to USD 4.87 billion during the April–October period. The surge was primarily driven by robust demand from non-US destinations, marking a notable shift in export dependency patterns. According to provisional figures released by the Ministry of Commerce, markets such as China,…