India's Seafood Exports to the US Decline Due to Tariffs
India seafood exports to US fall amid tariffs
The Economic Times
Image: The Economic Times
India's seafood exports to the United States fell by 19.8% in volume and 14.5% in value during FY26, primarily due to reciprocal tariffs. Despite this decline, India maintained its position as the leading exporter, with total seafood exports reaching $8.28 billion.
- 01India's seafood exports to the US dropped significantly in FY26.
- 02Reciprocal tariffs are a major factor in the decline.
- 03India remains the top seafood exporter globally.
- 04Exports to alternative markets like China and the EU grew substantially.
- 05Total seafood exports reached a record $8.28 billion.
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In FY26, India's seafood exports to the United States experienced a notable decline of 19.8% in volume and 14.5% in value, largely attributed to reciprocal tariffs imposed on the products. Despite this downturn, India continued to be the leading exporter of seafood, achieving a record total export value of $8.28 billion, with volumes hitting 19.32 lakh metric tonnes. The decline in exports to the US was counterbalanced by strong growth in other markets, particularly in China, where exports rose by 22.7% in value and 20.1% in volume. The diversification into alternative markets such as the European Union and Southeast Asia has helped mitigate the impact of reduced sales to the US.
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The decline in exports to the US could affect Indian seafood producers and exporters, potentially leading to reduced income and market opportunities.
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