August 29, 2011

Indian marine exports increase to US$2.8 billion

The drastic increase in the demand for frozen shrimp in foreign markets caused India's marine product exports to rise 33.95% to US$2.8 billion in 2010-11, according to official data on Friday (Aug 26).

Exports aggregated to 813,091 tonnes valued at US$2.85 billion. It is 19.85% higher in quantity and 33.95% higher in US dollar-terms, the ministry of commerce and industry said in a statement.

"The increased production of Vannamei shrimp, increased productivity of Black Tiger shrimp and better price realisation of major items like cuttlefish, shrimp and squid helped us to gain a higher export turnover," it said.

The EU continues to be the largest market with a share of 26.78%, followed by Southeast Asia at 16.43%, China at 15.41%, US at 15.35% and Japan at 13.06%.