India’s seafood exports are strategically increasing its global market reach, decreasing its dependence on the United States by taking beyond its exports to compensate for the rising US tariffs under the Trump administration.
Seafood exports, such as shrimp, expand in the first five months of the fiscal year of 2026
Shrimp exports expand in the first five months of the fiscal year 2026. It was facilitated by strong demand from non-US destinations such as Vietnam, Belgium, China and Russia. Export value increased 18% year-on-year $2.34 billion, driven by an 11% in shipment volumes to 3.48 lakh metric tonnes. According to a report, India’s seafood sector is diversifying its seafood exports presence gradually beyond traditional markets like the USA.
Expansion cushioned the pressure generated from the US market
Non-US markets are responsible for a significant 86% of the incremental export value as the shipments to the destinations increased 30% year-on-year to $1,38 billion during the first five months. Notably, the share in total shrimp exports increased from 51% to 57%. This expansion by Indian exporters into newer global markets has cushioned the pressure emerging from the challenging US market.
Shrimp exports grappled with higher tariffs
Indian shrimp exports to the US have grappled with higher tariffs since the beginning of FY26, nearly 18% between April and August 2025, in comparison to 13%-14% for competitors such as Ecuador and Indonesia. Since the US tariffs came into effect, Indian shrimp rose around 58% whereas competing nations faced tariffs between 18-49%.
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