The Coin Report, September 23, 2025 reported that after the U.S. imposed tariffs on imports from India, Indian seafood exporters are accelerating their shift toward the Chinese market. For a long time, the United States has been the largest export market for Indian shrimp products. Data shows that in the fiscal year 2024-25, the total value of India's aquatic product exports reached $7.39 billion, of which exports to the U.S. amounted to $2.68 billion, accounting for about 36%. However, after the U.S. established high tariff barriers for shrimp products from South Asian countries and imposed an overall tariff of up to 50% on Indian products, Indian companies found it difficult to compete with countries such as Ecuador, Vietnam, and Indonesia in the U.S. market. From May to August 2025, the value of India's shrimp exports to the U.S. fell sharply by 43.8% year-on-year, dropping from $289.7 million to $162.7 million. Among them, the export value of the largest export category, whiteleg shrimp, declined by 52.2%, severely impacting the coastal processing clusters in India. To cope with this impact, Indian exporters are accelerating their shift toward the Chinese market, actively expanding overseas markets such as Europe, Russia, the UAE, Japan, and South Korea. Among them, China's strong domestic demand, a thriving related industrial chain, and widespread use of forward contracts by buyers are expected to make China replace the U.S. as the largest importer of Indian shrimp products. In addition, the EU has recently approved 102 Indian aquaculture processing plants for export qualifications, and Singapore has also agreed to expand its procurement of Indian seafood and consider opening its seafood market to India.
Original source: www.toutiao.com/article/1844289706629132/
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