According to a commerce ministry official, despite the high US tariffs, India’s marine product exports rose by more than 15% to $6.56 billion in April–December 2025–2026 year over year due to a significant increase in shipments across numerous new countries, including Vietnam and Belgium.
According to official figures released on Thursday, India exported marine items worth $0.8 billion in December 2025, a 12% rise over the same month the previous year. According to the official, the first nine months of FY26 saw a slight increase in marine product exports to nations including Russia (45%), Canada (20%), Thailand (16.8%), Germany (52%), the UK (23%), and Japan (9%).
Prior to the US raising effective charges to 59.71%, which comprises countervailing (5.76%) and anti-dumping (3.96%) taxes in addition to a 50% tariff that President Donald Trump declared for India, trade authorities had been concerned that seafood exports would suffer.
In FY25, India exported $7.45 billion worth of seafood, primarily frozen shrimp, with the United States accounting for 35% ($2.8 billion). “Vannamei shrimp” makes up the majority of the nation’s seafood exports to the US. Ecuador accounted for 19% of the US’s $6 billion yearly seafood imports.
When compared to rivals like Ecuador (15%), Vietnam (20%), and Thailand (19%), the US tariff has significantly hurt Indian seafood. The European Union’s (EU) Marine Products Export Development Authority recently approved 102 additional fisheries units for shipments, aiming to enhance India’s seafood export potential.
With 15.10% of India’s total seafood exports, the EU is the country’s third-largest seafood export market after China. Rice shipments drop 5% to $8.7 billion from April to December 2025–2026 due to US tariffs and unrest in Iran. India’s rice exports declined by approximately 5% to $8.7 billion between April and December 2025–2026, primarily due to increased global supplies, higher tariffs imposed by the US, oil market turbulence, and the Iranian economic crisis.
During FY25, 19.86 million tonnes (MT) of rice were shipped, valued at a record $12.47 billion. Over the past ten years, India has been the world’s largest exporter of both basmati and non-basmati rice, with a market share of between 35% and 40%.
