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November 30, 2023

Marine Exports climbed up to 35% in April-December 2021

BY Shivani 

Marine Products exports climbed 35% to USD 6.1 billion during April-December 2021 in contrast to USD 4.5 billion in 2020 stated Commerce Ministry on 30th January 2022. 

Commerce Ministry said that in December 2021, the exports grew up to 28% to USD 720.51 million. The top-five export destinations include the US, China, Japan, Vietnam and Thailand. The main item of export is frozen shrimps which constitute 74% of the share in terms of value while Frozen Fish and Frozen Squid amount to  7% and 5% share respectively. 

The Pradhan Mantri Matsya Sampada Yojana (PMMSY), launched in May 2020, has set a target of Rs 1 lakh crore in fisheries export, an increase of 70 lakh tonnes in fish production, and the creation of 55 lakh jobs in the coming years.

The ministry stated that India’s export of ready-to-eat (RTE), ready-to-cook (RTC), and ready-to-serve (RTS) food products stood at USD 2.14 billion in 2020-21. The US, Malaysia, the UAE, Sri Lanka, Australia, Sudan, the United Kingdom, Singapore, and Nepal are the main markers for these goods. 

“In 2020-21, Malaysia imported jaggery worth USD 5.09 million and Nepal imported wafers worth USD 3.5 million,” the ministry said. 

Furthermore, the major exporting destinations for RTC in 2020-21 are the United States (USD 18.62 million), Malaysia (USD 11.52 million), the United Arab Emirates (USD 8.75 million), Indonesia (USD 7.52 million), and the United Kingdom (USD 7.33 million).

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