India's Marine Exports Grow Amid US Tariff Hike and Market Diversification

India's shrimp and marine product exports faced significant challenges in 2025 due to a sharp increase in US tariffs, which raised duties to over 58%, impacting key production regions like Andhra Pradesh and West Bengal. Despite a decline in shipments to the US by over 7%, overall marine exports grew 15% to $6.56 billion in the first nine months of FY26, driven by increased exports to markets such as Vietnam, Belgium, Russia, and Canada. The government is focusing on diversification and compliance to stabilize the sector amid shifting global trade dynamics.