US tariff high, India’s seafood exports to other nations up 16%, Pg8

Key Highlights:

• India's marine product exports grew by 16% in value and 12% in volume during April-October 2025-26, reaching $4.87 billion.
• The US remains the top destination for Indian seafood, despite a 4% value decrease to $1.493 million during April-October 2025.
• Vietnam saw a significant surge in Indian seafood imports, increasing by 110% to $359 million during April-October 2025.
• China's import of Indian seafood increased to $845.67 million during April-October 2025, a 19% increase.

Detailed Insights:

• The increase in seafood exports occurred despite the US imposing tariffs on Vannamei shrimp, a major Indian export.
• The Fisheries Ministry and Commerce Ministry are collaborating with stakeholders to diversify India's seafood export markets.
• The shift in export destinations indicates a pivot towards East Asian markets like China and Vietnam.
• Belgium recorded a 90% increase in Indian seafood imports during April-October 2025, showcasing diversification efforts.
• The 58% US tariff on shrimp has been offset by growth in other markets, demonstrating the sector's resilience.

Key Concepts Involved:

• Tariff: A tax or duty imposed on goods when they are moved across a customs boundary.
• MPEDA: The Marine Products Export Development Authority is a governmental body responsible for promoting seafood exports from India.