Trade insights: India’s November shrimp exports up 41%

Trade insights: India’s November shrimp exports up 41%

India exported 68,000 metric tons of shrimp in November, up a massive 41% compared with November of last year.

Exports were up 4% compared with October, latest trade data from India’s Ministry of Commerce and Industry shows.

For the year to date, exports now stand at 605,000t, up 7% compared with the first eleven months of 2018.

India’s frozen shrimp exports
Combination chart with 2 data series.
The chart has 1 X axis displaying Based on data from India’s Ministry of Commerce and Industry (HS code 030617, 160521, 160529)© 2019 Undercurrent News. Range: 2013-03-07 22:48:00 to 2019-11-25 01:12:00.
The chart has 2 Y axes displaying US$ per kilogram and Metric tons.
View as data table. India’s frozen shrimp exports
Based on data from India’s Ministry of Commerce and Industry (HS code 030617, 160521, 160529)© 2019 Undercurrent NewsUS$ per kilogramMetric tonsIndia’s frozen shrimp exportsJan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 20196.47.288.89.610.411.21212.813.608k16k24k32k40k48k56k64k72kPowered by Highcharts CloudMarch● Volume: 23,494t● Average unit value: $11.26/kg
End of interactive chart.

November’s higher exports show the difference a year makes; last year Indian shrimp production was down in the fall after prices crashed in summer 2018, whereas this year farmgate prices and production have been relatively stable.

Looking at India’s export markets, shipments to China stood out; shipments rose 37% compared with October to 22,000t, just 1,900t lower than exports to the US, India’s largest market.

Exports to the US came to 24,000t, down 12% compared with October.

However, exports to the US were worth $207 million in value compared with exports worth $134m to China.

In total, India’s shrimp exports were worth $493m, up 31% compared with November 2018.

India’s top shrimp export markets, Nov, 2019
Pie chart with 7 slices.
View as data table. India’s top shrimp export markets, Nov, 2019
India’s top shrimp export markets, Nov, 2019USUSChinaChinaEUEUJapanJapanUAEUAEVietnamVietnamOthersOthers
End of interactive chart.

The average unit value of India’s exports slipped $0.35 per kilogram in the month to $7.29/kg, thanks to the increased share of India’s exports to China and the drop to the US. Year-on-year, the average unit value was down by $0.51/kg.

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