India's Marine Products Exports Rose Nearly A Third In 2021-22

India's marine products exports touched $7.76 billion during 2021-22, a 30 per cent rise over $5.96 billion worth of exports reported in 2020-21, according to Commerce Ministry data.

India shipped 13,69,264 metric tonnes of seafood worth Rs 57,586.48 crore during 2021-22.

"During 2021-22, the export improved in rupee term by 31.71 per cent, in dollar terms by 30.26 per cent and in quantity terms by 19.12 per cent," the Commerce Ministry statement said.

Frozen shrimp remained the major export item in terms of quantity and value. Its shipments stood at $5.82 billion last fiscal year. The segment accounts for 75.11 per cent of the total dollar earnings.

The US is the largest market of frozen shrimp, followed by China, the European Union, South East Asia, Japan, and the Middle East.

Frozen fish, frozen squid and frozen cuttlefish, are also major items for exports.