Under the looming threat of Trump Tariffs coming into effect from August 27, 2025, Marine Products Export Development Authority (MPEDA) of India released performance data for FY 2024-25 ending March 2025.
India exported a total of around 1.7 million metric tons of seafood worth USD $7.45 billion during recently concluded financial year 2024-25, with as usual frozen shrimp continuing to retain biggest pie of India’s seafood exports.
As in FY 2023-24, in the just concluded FY of 2024-25, USA maintained its top spot as the major buyer for Indian seafood followed closely by PR China.
Value – USD Billion | Growth of PY | |
Frozen Shrimp | 5.17 Billion | 8.3% in Local Currency Value |
Frozen Fish | 623 Million | 4% in volume over PY |
Frozen Squid | 368 Million | 5% in volume over PY |
Frozen Cuttle Fish | 285 Million | 9.1% growth in volume over PY |
Others | USD 945 Million |
Key Markets
- US maintained its pole position as ley market for India’s seafoods in value terms, importing $ 2.71 billion worth of seafood from India, of which shrimp accounted for 92.55%
- China imported little over 136,000 MT of the seafoods
- EU imports amounted to 99,000 MT followed by
- South East Asia importing 58,000 MT from India
- Japan imported around 40,000 MT of the seafoods and lastly
- Middle East importing a total of around 33,000 MT in Financial Year 2024-25
Future Outlook
While the 1st Quarter of New FY 2025-26 started on a healthy note but the announcement of Trum Tariffs from end-August 2025 have sobered the sentiment of exporters although smart exporters have tried to ship as many shipments before the impact of higher tariffs start hurting exporters. As US contributes 92.55% of all shrimps exported by India, finding equivalent export destinations for India remains an uphill task. Exporters are anticipating a hit of around USD 1.5 Billion in exports to US in this year, based on the new, expected tariffs although the final word is yet not written on these punitive tariffs by US with unfolding geopolitics.