India’s Exports Of Marine Products To China Triple In First Nine Months Of 2019, Set To Touch $1 Billion By Year End

India’s exports of marine products to China have tripled and touched almost $800 million in the first nine months of 2019, as per the data released by China’s customs authority recently.

As per a government release, the marine exports are expected to cross $1 billion mark by the end of this year with a trade deal for import of marine products worth $500 million in the next two years having being signed by a Chinese delegation in October.

Over the years, India has emerged as the 4th largest exporter of seafood in the world being the second largest aquaculture producer and the 3rd largest fish producer in the world with exports of marine products worth $7 billion. China is a major importer of marine products with imports of around $12 billion.

The increase has been the result of the efforts by the Embassy of India in China, consulates in Shanghai and Guangzhou, working with the Ministry of Commerce and Marine Products Export Development Authority (MPEDA).

The Chairman of MPEDA, K S Srinivas, had earlier led a delegation of more than 40  Indian exporters and exporters associations for the expo which witnessed huge response from Chinese importers.