Marine product exports up 23 per cent in April-September period

NEW DELHI: India's exports of marine products grew by 23 per cent year-on-year to $1.49 billion during the April-September period of the current fiscal.

In volume terms, the exports stood at 3,12,904 tonnes during the first six months of the current fiscal, an official statement said here today.

"There is a considerable increase in export of frozen shrimp. Increased production of Vannamei shrimp is mainly attributed for this increase. Frozen fish exports also showed an increase," it said, adding that India exported frozen shrimp mainly to Japan during the period.

"Our shrimp exports to US market also showed an increasing trend despite its decision to continue with the anti-dumping duty imposed on frozen shrimp imports from India," the statement said.

Frozen shrimp exports account for about 60 per cent of India's total marine product shipments. Fish, the second-largest export item in value terms, accounted for about 28 per cent.

However, dry marine product exports declined by 52 per cent, it added.