Facing a 50% tariff imposed by the United States, India is taking steps to protect its seafood exports. The government has alerted Indian businesses to seek alternative markets to offset the impact of the US tariffs. These markets include Russia and China. This decision comes in response to the tariffs levied by the US, which have affected India’s trade, particularly its seafood exports.
India’s seafood exports have been significantly impacted by the US tariffs. The Indian government has advised seafood exporters to explore new markets to sell shrimp and other fish varieties. A meeting was held with seafood exporters to address the issue. The goal is to navigate the challenges and maintain seafood exports despite the new tariffs. Discussions focused on devising strategies to supply Indian seafood to markets other than the United States.
India is now looking at countries like the UK, the European Union (EU), Oman, the UAE, South Korea, Russia, and China. South Korea is a primary target for market expansion due to its high consumption of seafood. The Indian government and exporters are working to minimize the impact of the tariffs. Seafood exports from India have increased significantly over the last decade. In the fiscal year 2025, India’s frozen shrimp exports were valued at $7.38 billion. The United States accounted for 35% of this amount at $2.8 billion, with Vannamei shrimp being a major export. The US imports approximately $6 billion of seafood annually, with Ecuador holding 19% of that market.