An Analytical Study of Marine Exports from India

Marine Exports from India

Abstract

The paper focuses on the international trade aspect of the fisheries sector in the Indian economy. The sector has regained its prominence as it evolved as the largest group in Indian agricultural exports in recent times. The study showed that the exports of Indian marine products have grown remarkably over the past two decades. Crustaceans dominated the exports, followed by molluscs and frozen fish. Fish fillets have also experienced significant growth in both quantity and value, contributing a good share to total exports. Despite challenges in live fish exports, most marine product groups have shown substantial growth rates in quantity and value. India has established itself as a prominent player in the global fisheries market, bagging a remarkable 5% share, with increasing shares in crustaceans and molluscs exports. The sector's contribution to India's total agricultural exports and its status as a consistent net exporter underscore its importance in trade dynamics. The United States has been the primary importing partner, but the rise of Vietnam, China and Thailand as significant players in recent years highlights the evolving export destinations. It is necessary to diversify the exports, prioritize value addition, and take up export promotion measures and market intelligence support to sustain and enhance the growth of Indian marine products exports. The growth of Indian marine products exports benefits the economy, supports nutritional security, and provides livelihood opportunities for coastal communities.