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May 6, 2015

 

India's seafood exports to EU to reach US$1.6 billion

 

 

India's seafood exports to the European Union will touch $1.6 billion in the 2014-15 fiscal year, Leena Nair, chairperson of Marine Products Export Development Authority of India (MPEDA) said.

 

Speaking on the sidelines of the Seafood Expo Global, held in Brussels, Ms Nair said that a major chunk of exports come from five countries that include Spain which leads with $188 million worth of exports.

 

Exports to the United Kingdom and Italy have been valued at $128 million each and exports to France have been recorded at $106 million.

 

India, exports at least an estimated 75,000 tonnes of shrimp to the EU and is the largest supplier of shrimp from non-European countries to the EU.

 

From $1.9 billion in marine exports revenue in 2008-09, revenue will triple to $5.7 billion in the 2014-15 fiscal year.

 

The United States has been the top destination for exports, followed by Southeast Asia, EU, then the Middle East.

 

India exports seafood to 101 countries. The majority of the exports include frozen shrimp and fish, cuttlefish, dried items and squid.

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