India's Blue Economy is rapidly becoming a potent economic engine, driven by soaring seafood exports and rising global demand for Indian marine products, Union Commerce and Industry Minister Piyush Goyal stated on Wednesday. He highlighted that the country's fishermen are reaping the benefits of expanded market access and increasing export opportunities, with seafood exports reaching an all-time high in the financial year 2025–2026.
Record Growth in Seafood Exports
Goyal pointed out that since FY 2013–14, seafood exports have surged by approximately 145 per cent. "Our fisherfolk are benefiting from expanded markets and rising exports, with seafood exports reaching an all-time high in FY 2025-26. With nearly 145 per cent jump in exports since FY 2013-14, India's Blue Economy is emerging as a powerful engine of growth," the minister said.
India's seafood exports achieved record highs in both volume and value during 2025–2026, demonstrating the industry's resilience amid volatile international trade conditions. This performance has bolstered India's reputation as a major supplier to global markets.
MPEDA Announces Record Figures
The Marine Products Export Development Authority (MPEDA) reported on June 1 that India exported 19.72 lakh metric tonnes of seafood in FY 2025-26, valued at Rs 73,890 crore — the highest ever recorded by the industry. MPEDA Chairman P Jawahar released the data and noted that this milestone was achieved despite numerous global challenges, including fluctuating demand patterns and market uncertainties.
Frozen Shrimp Dominates Export Basket
Frozen shrimp continued to be the dominant product in India's seafood export basket, accounting for over two-thirds of total export revenue. Shrimp exports generated Rs 49,038 crore, representing approximately 66.5 per cent of the total foreign exchange earnings from seafood exports. The United States remained the largest importer of frozen shrimp, followed by China and the European Union, with export volumes reaching 7.93 lakh metric tonnes. In value terms, the US imported USD 2.33 billion worth of seafood from India, making it the biggest market.
The sustained growth in seafood exports underscores the strength of India's Blue Economy and its potential to drive economic development, create livelihoods, and enhance the country's position in global trade.
