How have US tariffs affected India's marine exports?

US tariffs led to a significant downturn in Indian marine product exports to the United States.

Which countries are now major importers of Indian seafood?

China and Vietnam have seen substantial increases in Indian seafood imports.

Why are Asian and European buyers increasing sourcing from India?

Buyers are attracted to India's consistent quality and competitive pricing for marine products.

Home / Business and Economy / Tariffs Shift India's Shrimp Trade to Asia & Europe

Tariffs Shift India's Shrimp Trade to Asia & Europe

24 Nov

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Summary

US imports of Indian marine products declined significantly due to tariffs.
China and Vietnam saw massive increases in Indian seafood shipments.
Diversification into new markets shows India's export resilience.

Tariffs Shift India's Shrimp Trade to Asia & Europe

India's marine product exports experienced a significant pivot as U.S. tariffs took effect. While exports to the United States saw a notable decline of 7.43%, this was more than offset by a substantial increase in shipments to other global markets. The official data reveals a strategic redirection of trade flows.

Key destinations like China and Vietnam demonstrated remarkable growth, with exports rising by 24.54% and an impressive 123.63% respectively in the seven-month period. Significant gains were also recorded in shipments to Belgium, Japan, Russia, Canada, and the UK, indicating a broadening export base.

This surge in exports to non-traditional markets is attributed to buyers seeking consistent quality and competitive pricing from Indian suppliers. Overall, India's flagship marine segment, shrimp and prawn, recorded a healthy 17.43% rise, showcasing the sector's adaptability and resilience in the face of evolving trade dynamics.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.