AS per the reports of the Commerce Ministry and India Export Data, exports of marine products increased 35 per cent to $6.1 billion during the month of April-December 2021, compared to the last year of the same period. The current data shows the export of marine products increased 28 per cent to $720.51 million in December 2021.
Vietnam, Japan, Thailand, China, and the United States remain at the top five export destination countries for marine products exports. In India’s marine products, Frozen shrimps constitute the major share in the total exports of marine products with 74 per cent share in terms of value.
On the other hand, marine products such as Frozen Fish and Frozen Squid contributed 7 per cent and 5 per cent respectively in the total exports of India’s marine products.
PMMSY (Pradhan Mantri Matsya Sampda Yojna was launched in May in the year 2020, has set a goal of exporting fisheries worth one lakh crore with additional seventy lakh tonnes of fish production to generate around fifty-five lakh employment in the coming years.
India’s export of final consumer food products such as Ready to Serve (RTS), Ready to Eat RTE), and Ready to Cook (RTC) stayed at $2.14 billion in 2020-21 as per India export data.
Products such as jaggery, wafers, biscuits & confectionery, breakfast cereals, pan masala are covered under the Ready to Eat (RTE) food category. The major market for these products are Sri Lanka, Nepal, Sudan, United Arab Emirates, United States, United Kingdom, Australia, and Malaysia.
In 2020-21, based on India import-export data 2020, Malaysia imported jaggery from India worth $5.09 million and Nepal imported wafers worth $3.5 million. In addition, the top export destinations for Ready to Cook food export in 2020 and 2021 are Malaysia $11.52 million, United States $18.62 million, Indonesia $7.52 million, United Kingdom $7.33 million, and United Arab Emirates $8.75 million.
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