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India’s Marine Exports Rise on Strong US Shipments
India sells seafood such as shrimp and frozen fish to other countries.
These marine exports grew by more than 14% from April to August in FY27.
The United States remained an important buyer, and shipments there have been stable.
A high US tariff had hurt exports a year earlier, but the tariff was later reduced.
Exporters and importers are now sharing the remaining duty.
India is also selling more seafood to Europe, China, Southeast Asia, Vietnam, and Russia.
The European Union recently approved 21 more Indian seafood establishments.
Officials and exporters expect demand to strengthen, especially in the United States from October onward.
India’s marine product exports rose 14.3% year-on-year to $3.65 billion during April-August of FY27.
Shipments in August 2026 increased 27% year-on-year, reaching $0.76 million, according to a Commerce Ministry estimate.
Stable demand in the United States and diversification into the European Union and other markets supported growth.
The United States reduced its effective tariff on Indian products from 59.71% to 18%, with importers and exporters currently sharing the duty.
The European Union approved 21 additional Indian fishery establishments, taking the total approved units to 625.
- Who
- Indian marine product exporters, the United States, the European Union, and Indian trade authorities.
- What
- India’s marine product exports increased 14.3% year-on-year to $3.65 billion during April-August of FY27.
- Where
- Exports were shipped to the United States, the European Union, China, Vietnam, Russia, and other markets.
- When
- During April-August of FY27; August 2026 shipments rose 27% year-on-year.
- Why
- Growth was supported by stable US demand, reduced US tariffs, and diversification into European and other international markets.
Export Growth Outlook
Tariff and Market Risks
United States demand
Export Growth Outlook
Exporters and trade officials said shipments to the United States have been stable and that prospects look strong as consumer demand peaks from October.
Tariff and Market Risks
A high effective US tariff of 59.71% had previously hurt shipments, and the current 18% duty is still being shared by importers and exporters.
Market expansion
Export Growth Outlook
New markets and stronger shipments to the European Union, China, Southeast Asia, Vietnam, and Russia are supporting overall growth.
Tariff and Market Risks
The United States remains India’s biggest market, leaving exporters exposed to changes in US trade policy and tariffs.
Key facts
- April-August exports
- $3.65 billion
- April-August growth
- 14.3% year-on-year
- August 2026 growth
- 27% year-on-year
- August 2026 shipments
- $0.76 million, according to a quick Commerce Ministry estimate
- US effective tariff
- Reduced from 59.71% to 18%
- FY26 marine exports
- Record $8.43 billion, up 14% year-on-year
- EU-approved Indian establishments
- 625, including 21 approved during the latest approval
- EU share of exports
- More than 15% of India’s total marine product exports last fiscal
Quotes
KN Raghavan
Secretary general of the Seafood Exporters Association of India
“There has been a surge in exports of the fish meals used as feed and oils due to a spike in global prices, while diversification of shipments to the EU, Vietnam, China and Russia has boosted overall shipments.”
financialexpress.com
“The effective import duty by the US on Indian products currently is being borne equally by both importers and exporters; thus, we have witnessed robust growth in shipments in the current fiscal.”
financialexpress.com
Sources
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