Marine products export goes up 18.72 percent | SupportBiz

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Marine products export goes up 18.72 percent

 
Frozen shrimp was the major item of export between April and December 2011.

Marine product exports have gone up by 18.72 percent during April-December of the current financial year, reports The Hindu Business Line.

The exports for April-December 2011 have been recorded at USD262.82 crore, as compared to USD221.38 crore in the same period in 2010. The exports have grown in quantity by 1.48 percent, from 612,505 tonnes in April-January 2010-11 to 621,577 tonnes in April-January 2011-12.

The unit value realisation has increased from USD3.61 per kg to USD4.23 per kg, indicating a rise of 16.98 percent. Frozen shrimp was the major item of export between April and December 2011, the same as the corresponding period in 2010. Frozen shrimp continued to be the major export item accounting for 51.35 per cent of the total foreign exchange realisations.

South East Asia is the largest market, with a share of 25.75 percent in USD realization and 39.58 percent in quantity. Exports to South East Asia have also risen by 43.19 percent in quantity and 95.99 percent in USD realization. Shortage of raw material in in South East Asia as well as the Indo-ASEAN trade pacts have been cited as the reasons for the rise in exports to the region.