VIJAYAWADA: Exports of marine products from India have reached an all time high of US $ 7,740 million in 2021–22 against targeted of US $ 7,809 million fixed by the centre.
Marine Products Exports Development Authority joint director A. Jeyabal in a statement here on Friday said India’s exports of marine products grew 30 percent compared to 2020–21 in value terms. The compound annual growth rate of seafood exports during the past decade has been 8.23 percent, he pointed out.
Jeyabal explained that India exported marine products to 121 countries during 2021–22, the US being the top destination with exports worth US $ 3,315 million in 2021-22 against the target of $ 3,021 million.
China and Japan stood at number two and three positions respectively. All three top destinations of Indian marine exports constitute 63 percent of India’s exports in value terms.
