India has achieved a remarkable milestone in its seafood exports, shipping a record-breaking 1.78 million metric tonnes during the 2023-2024 fiscal year, netting a whopping $7.38 billion. The UAE has emerged as the 9th largest export market for Indian seafood, showcasing the growing trade ties between the two countries. **Frozen shrimp was a star performer, with the Middle East, including the UAE, purchasing 28,571 metric tonnes of this crustacean delight.
The Marine Products Export Development Authority (MPEDA) has played a crucial role in promoting Indian marine products, contributing to the industry’s remarkable growth. India’s top ten seafood markets accounted for 79.89% of total exports, highlighting the focused demand from these key destinations. The UAE’s prominence as a trade partner for India extends beyond seafood, with the country ranking second after the US among India’s export destinations in March 2023.
Citations:
[1] https://directorstalk.net/palm-oil-rises-on-strong-exports
[2] https://www.zawya.com/en/economy/gcc/uae-ranked-indias-9th-largest-seafood-export-market-clf13jag
[3] https://twitter.com/CurlyTalesIndia/status/1804387742207619118
[4] https://curlytales.com/with-1-78-million-metric-tonnes-seafood-purchased-from-india-uae-becomes-9th-largest-export-market/
[5] https://www.domain-b.com/economy/trade/india-s-seafood-exports-hit-record-1-78-million-tonnes-realisation-down-at-7-38-bn