India Looks Beyond the US for Seafood Exports Amid Tariff Hike, Shrimp Exports Rise 18%

India is broadening its seafood export footprint as higher reciprocal tariffs in the US prompt exporters to strengthen their presence in other international markets. Shrimp exports showed steady growth in the first 5 months of FY26, supported mainly by rising demand outside the US. 

Shrimp Exports Rise as Non-US Markets Gain Traction 

As per CareEdge Ratings, India’s shrimp export value grew 18% year on year to $2.43 billion in the first 5 months of FY26, with volumes rising 11% to 3,48,000 metric tonnes. Non-US markets contributed significantly, with export value climbing 30% to $1.38 billion compared with $1.06 billion a year earlier. Their share increased from 51% in 5M FY25 to 57% in 5M FY26, highlighting a shift towards diversified global demand. 

US Shipments Slow After Tariff Increase 

Exports to the US, historically India’s largest shrimp market, grew around 5% during the period. This slowdown followed heavy front-loaded shipments before new reciprocal tariffs took effect on August 27, 2025. Indian shrimp faced an effective tariff of about 18% between April and August 2025, compared with 13% to 14% for competitors. After August, India’s tariff burden rose sharply to 58%, affecting price competitiveness and reducing demand in retail and foodservice channels. 

Non-US Destinations Drive Export Growth 

Shipments to non-US markets recorded strong gains. China remained the largest buyer, with demand rising 16%. Vietnam saw export value double to $0.18 billion, reinforcing its role as a re-export hub. Belgium also registered doubled shipments to $0.14 billion due to stronger EU demand. Japan maintained stable volumes, continuing its position as a consistent export destination. 

Read More: Shrimp Stocks: Avanti Feeds, Apex Frozen Foods and Other Surges on India US Trade Talks Expectations! 

Conclusion 

India’s seafood export trends in 5M FY26 reflect a shift towards wider geographic diversification as exporters adjust to higher tariffs in the US. Growth in non-US regions continues to support overall export performance, helping balance the impact of declining US competitiveness. 

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