Mixed Cues for Seafood Exporters: US Tariffs Hit, Other Markets Grow

India's seafood exports to the US saw a substantial decline of 19.8% in volume and 14.5% in value in FY26, primarily due to reciprocal tariffs. Despite this, India's overall seafood exports reached a record $8.28 billion, driven by strong growth in markets like China, the EU, and Southeast Asia.

The decline in US exports highlights the vulnerability of specific trade relationships to tariff disputes. However, the overall record exports demonstrate the resilience and diversification efforts of Indian seafood exporters. This shift in market focus is crucial for mitigating risks associated with single-market dependency and maintaining growth momentum.

The impact on Indian seafood exporting companies like Avanti Feeds (AVANTIFEED) and Waterbase Ltd (WATERBASE) is mixed. While the US market decline is a negative factor, the robust growth in other regions provides a positive counterbalance. Companies with diversified export portfolios are better positioned to navigate these trade dynamics.

Traders should monitor the ongoing trade relations between India and the US for any resolution of tariff issues. Additionally, watch for continued growth trends in non-US markets and any new trade agreements that could open up further export opportunities for Indian seafood companies.

• •India’s seafood exports to the US fell 19.8% in volume and 14.5% in value in FY26 due to reciprocal tariffs.
• •Overall exports hit a record $8.28 billion.
• •Growth in China, the EU, and Southeast Asia helped offset the US decline.
• •Risk flag: Escalation of trade tariffs
• •Risk flag: Slowdown in key export markets