March 2004 - Import Export Business course

Indian is one of the largest exporters of marine products. The United States is India’s largest market for shrimp exports and the second-largest aquaculture producer in the world. Export import training in India will help you in starting your marine export business. Over the period of April-December 2021, marine product exports increased by 35 percent to $6.1 billion, compared with $4.5 billion in the previous year. In December 2021, marine product exports increased by 28 percent to $720.51 million. Frozen shrimp makes up the largest portion of India’s marine products exports, accounting for 74% in value terms. Other major items include frozen fish (7%) and frozen squid (5%).

Top five Export destination of Marine Products in 2021 were-

US
China
Japan
Vietnam
Thailand

countries where you can export marine products are South East Asia, Middle East, EU.

Some top Marine export products are-

Crustaceans
Marine Fish (mackerel, tuna)
Molluscs (cuttlefish & squid)
Shrimp (white & black tiger)

The amount exported from Kerala was 83,995 tonnes worth Rs 3,309.82 crore, Gujarat 72,795 tonnes worth Rs 1,599 crore, Maharashtra 67,636 tonnes worth Rs 2,795 crore, and Tamil Nadu 66,986 tonnes worth Rs 3,660.71 crore during the period. According to government data, India exported 11,49,341 MT of seafood worth $5,96 billion in the last financial year (2020-21), which amounts to Rs. 43,717 crores despite market uncertainty raised by the Covid-19 pandemic outbreak. Aquaculture production will be expanded by diversifying, making quality controls more stringent, and introducing sustainable fishing techniques.

Conclusion-

A new initiative, Pradhan Mantri Matsya Sampada Yojana (PMMSY), that was launched in May 2020, has set a goal for fisheries exports to reach Rs 1 lakh crore, an increase in fish production of 70 lakh tonnes, and the creation of 55 lakh new jobs. Marine export is a lucrative business and you can start your export business with our guidance, knowledge, and import export training classes. Interested people can join our live free webinar. Click the link below to attend webinar. https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do Visit our website!

What are the major differences between imports and high sea sales? What are the procedures for high sea sales? Know in detail about international trade with export import course online. Imports are goods and services purchased from other countries rather than locally produced products by the citizens of a country. When domestic industries are no longer able to produce similar goods cheaply or efficiently, imports come in existence. Furthermore, countries can import raw materials or commodities that are unavailable within their borders. Whereas, a high sea sale occurs when a buyer wants to sell his consignment to a third party before the goods arrive, but after the shipping vessel leaves the loading port. Ownership of the goods is transferred when goods are in transit. The bill of lading should be endorsed in the buyer’s favour; the date of the transaction should be between the date of the Bill of Lading and the date of the vessel’s arrival at the port of discharge. All the documents pertaining to the high sea transaction should be available to the final buyer. He or she should also obtain copies of previous high seas transactions. Is there anything you would like to share about high sea sale and imports? This information is part of our online export import management course.