Indian Shrimp Industry Diversifies Beyond US, Boosts Exports to New Markets

• India's shrimp industry is recovering by diversifying its export markets beyond the US due to tariff concerns.
• While the US traditionally imported over half of India's $4.8 billion annual shrimp exports, non-US exports have risen over 30% this year.
• China is a significant market, importing around $1.4 billion of Indian shrimp, with over half its annual demand already met.
• India is expanding into new markets like the EU, Russia, Vietnam, and Japan, with FTAs signed and units approved for EU exports.
• The industry anticipates a manageable 10-12% export shortfall by year-end and seeks agricultural status for shrimp farming to gain better support.

Why It Matters: India's shrimp industry diversifies markets, ensuring resilience and growth.