MARINE PRODUCTS EXPORTS UP BY OVER 26 PER CENT
Date : 08 Dec 2000
Location : New Delhi
Export of marine products (or seafood) from India during April-September 2000 touched US $ 672.96 million as compared to US $ 530.30 million during the same period last year, reflecting a growth of 26.9 per cent. In rupee terms, exports amounted to Rs.3004.78 crore in the above mentioned period reflecting an increase of 32.4 per cent over the same period last year. In quantitative terms, exports touched 137547 million tonnes i.e., a growth of 12.1 per cent during this year.
Export of marine products is coordinated by MPEDA (Marine Products Export Development Authority) established in 1972. During the decade 1990-91 to 1999-2000, exports of marine products have grown at an annual average rate of 14 per cent in dollar terms and touched US $ 1189 million in 1999-2000.
The share of marine products in India's global exports is around 3.2 per cent.
The major overseas markets for Indian marine products are Japan, European Union (EU), USA and South-East Asia including China. In dollar terms, Japan accounts for a share of 44.4 per cent. The share of other major markets are
European Union 17.7 per cent, USA 15.2 per cent, South-East Asia including China 17.9 per cent and Middle-East 2.2 per cent. As a result of various steps taken by the government recently, exports to EU, USA and South-East Asia have shown healthy growth during 1999-2000. Exports to the EU amounted to US $ 164 million, reflecting a growth of 28.1 per cent over the previous year. Exports to USA increased by 22 per cent in 1999-2000, touching US $ 180 million. As regards South-East Asia, exports amounted to US $ 213 million, showing a growth of 16.4 per cent.