Export of Marine Products from India

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EXPORT OF MARINE PRODUCTS FROM INDIA prepared by tamanna khan BFT 5th sem IIFTR Introduction
India’s marine product exports have for the first time crossed $2 billion, according to official figures for financial year 2009-10 released. Recession in the international market has not impacted the export of marine products from the country, the Marine Products Exports Development Authority said. In terms of volumes too, 2009-10 was exceptional, it added. Exports aggregated 663,603 tonnes valued at Rs.9,921.46 crore. In terms of US dollars, it was $2,105.60 million. Compared to the previous year, there was 10.08 percent growth in volume, 15.26 percent in rupee earning and 10.32 percent growth in US dollar earnings. Frozen shrimp continued to be the major export item accounting for 41.74 percent of the total dollar earnings. Fish, the principal export item in terms of volume and the second largest in value terms, accounted for 38.37 percent in quantity and 20.09 percent in dollar earnings. Export of live lobster, live crab and Baigai (little water snail) showed an increase in exports. However, the export of ornamental fish showed a declining trend, mainly because of a ban on export of Denisonii by the Kerala government. The European Union remained the largest market with a share of 30.07 percent in dollar realization, followed by China with a share of 17.73 percent and Japan 12.96 p The fishery production is around 125 million tons. China, Japan, India, U.S.A., Russian federation, Indonesia and Chile are the major fish producing countries. Out of this India holds a third position in the world production. Currently, India's total annual fish production is 5.65 million tons (Inland-2.8 million tons and Marine-2.83 million tons). But India has an estimated potential of about 8.4 million tons (Inland 4.50 and marine3.90 million tons). This vast untapped potential can be utilized successfully to uplift India's fish trade in the international market and secure a position for India fish in the world.

EXPORT OF MARINE PRODUCTS FROM INDIA 2009-10
Export trend
Since the fall in the export earnings during 2003-04, the dollar earnings have increased steadily till 2009-10  

EXPORT TREND OF MARINE PRODUCTS
                  Q: Quantity in MT, V: Value Rs. Crore, $: US Dollar in Million   Year |   | Export | Variation |    (%) | U.V. | 2002-03 | Q | 467297 | +42827 | +10.09 |  |
  | V | 6881.31 | +924.26 | +15.52 | 147.26 |
  | $ | 1424.90 | +171.55 | +13.69 | 3.05 |
2003-04 | Q | 412017 | -55280 | -11.83 | |
| V | 6091.95 | -789.36 | -11.47 | 147.86 |
| $ | 1330.76 | -94.14 | -6.61 | 3.23 |
2004-05 | Q | 461329 | 49312 | 11.97 | |
| V | 6646.69 | 554.74 | 9.11 | 144.08 |
| $ | 1478.48 | 147.71 | 11.10 | 3.20 |
2005-06 | Q | 512164 | 50835 | 11.02 | |
| V | 7245.30 | 598.61 | 9.05 | 141.46 |
| $ | 1644.21 | 165.74 | 11.21 | 3.21 |
2006-07| Q | 612641| 100478| 19.62|  |
 | V | 8363.53| 1118.23| 15.43| 136.52|
 | $ | 1852.93| 208.72| 12.69| 3.02|
2007-08| Q | 541701| -70941| -11.58|  |
 | V | 7620.92| -742.61| -8.88| 140.68|
 | $ | 1899.09| 46.16| 2.49| 3.51|
2008-09| Q | 602835| 61135| 11.29|  |
 | V | 8607.94| 987.02| 12.95| 142.79|
 | $ | 1908.63| 9.53| 0.50| 3.17|
2009-10| Q | 678436| 75601| 12.54|  |
 | V | 10048.53| 1440.59| 16.74| 148.11|
 | $ | 2132.84| 224.21| 11.75| 3.14|
 
During 2009-10 for the first time in the history of Marine product exports, the export earnings have crossed 2 billion US dollars and Rs.10,000 crore mark.  Export has crossed all previous records in quantity , rupee value and US $ terms.  Exports aggregated to 678436 tonnes valued at Rs.10048.53 crore and US Dollar 2132.84 million.  Compared to the previous year, this recorded. a growth of 12.54% in quantity, 16.74% in rupee earning and 11.75% growth in US...
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