U.S. Continue to Be India’s Top Shrimps Export Market in 2021

27 August 2021

Shrimp is a type of seafood that is consumed worldwide. In terms of global trade, China and the United States are the top-most importing countries of shrimps, while India is the largest exporting country. More than 40% of all shrimp imported into the U.S. came from India. In first six months of 2021, US continue to be India’s top shrimp export market. The latest market trends show value of shrimp shipments enter into US from India surged from January to June 2021.

U.S. Shrimps Import from India Increase in First Six Months of 2021

According to Export Genius market research report on US shrimp imports from India, the United States imported shrimp worth USD 122 million in Jan 2021, that dollar amount rose to USD 286 million Jun month. That means US is majorly depend on Indian shrimps and on the other side, India is holding its shrimp market share in the U.S. tightly and progressively.

 

US Shrimp Imports from India by Year

The year-to-year US import data of shrimp shows the United States saw a rise in value of shrimp imports for four consecutive years (2016, 2017, 2018 & 2019). However, import figures decline in 2020, and one of the major reasons could be Covid-19 pandemic restrictions on international trade. Year 2021 looks promising for Indian market of shrimp in the US as the United States has already imported shrimp worth USD 1,142 million till June month. Analyze US imports of shrimp from India by year.

 

As the United States also import shrimp from Indonesia and Ecuador, which together share about 35% to total value of shipments; Indian exporters of shrimp face stiff competition from Indonesia and Ecuador. A strong uptick in major shrimp production has intensified competition amongst leading global shrimp exporting nations. Keep yourself updated with US shrimp imports and global trade data of all countries and products right here. Contact us for any query and our sales representatives will reach for providing samples.