Vizag port exports 2.41 lakh metric tonnes of seafood value Rs 15,274 crore in final fiscal, ranks first – The New Indian Specific


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Visakhapatnam: Among the many main ports of the nation, Vizag port ranks first in seafood exports with a share of 26.5% in worth within the monetary yr 2021-22. India achieved an all-time excessive in marine exports within the final fiscal. It exported 13.69 lakh metric tonnes of seafood value Rs 57,587 crore. Andhra Pradesh contributes 23.66 % to the nation’s whole exports. In worth phrases, the state registered a progress of 34.76% because it generated income of Rs 20,019 crore by marine exports.

Vizag port registered a progress of 11.87% in export of seafood as 2.41 lakh metric tonnes had been exported as in comparison with 2.16 lakh metric tonnes within the earlier yr. In worth phrases, the port earned Rs 15,274 crore in 2021-22 as in comparison with Rs 12,330 crore in 2020-21. The port additionally registered a progress of 26.73% when it comes to income in {dollars}. Seafood exports by air have additionally began from this monetary yr. The airport recorded exports of 460 MT this yr as in comparison with zero exports within the earlier fiscal. This yr the income within the type of air cargo from Visakhapatnam was stored at Rs 27.14 crore.

Krishnapatnam and Kakinada ports ranked second and third in exports after Vizag port within the state. Nevertheless, Krishnapatnam Port registered a adverse progress of -61.38%. Kakinada Port additionally registered a adverse progress of -99.82% in exports over the earlier monetary yr. Frozen shrimp remained the key export merchandise when it comes to quantity. A complete of seven.28 lakh metric tonnes of frozen shrimp value $5.8 million had been exported. It had a 53.18% share in quantity and a 75.11% share in earnings in {dollars}. That is an all-time report excessive in each quantity and worth.

The export of Vannamei (Whiteleg) Shrimp elevated from 5,15,907 MT in 2020-21 to six,43,037 MT in 2021-22. Of the overall Vannamei shrimp exports, the US accounts for 59.05%, adopted by China (14.59%), the European Union (8.16%), Southeast Asia (4.78%), Japan (3.61%) and the Center East (3.17%). Is. , The US has grow to be a significant marketplace for Black Tiger Shrimp with a share of 25.90% in greenback phrases. Exports of different gadgets elevated by 43.8% in rupee worth and 42.94% in greenback worth.

Indian seafood continues to be a significant importer when it comes to each worth and quantity with imports of US$ 3,371.66 million, accounting for 37.56%. China emerged because the second largest seafood importer from India when it comes to quantity, with 2,66,989 metric tonnes value $1,175.05 million, accounting for 19.50% by quantity and 15.14% in {dollars}.

Shrimp tops in seafood export earnings
By way of quantity, frozen shrimp continued to be the key export merchandise from Vizag port. A complete of seven.28 lakh metric tonnes of frozen shrimp value $5.8 million had been exported within the final fiscal. It had a 53.18% share in quantity and 75.11% share in export earnings in {dollars}. Port officers stated that is an all-time excessive in each quantity and worth.



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