News Buzz

Marine goods worth US$ 800 mn exported to China

The recent data released by China’s customs authority has stated that India’s exports of marine products to China tripled in the last nine months touching US$ 800 million. The figure is expected to cross the US$ 1 billion mark this year. This was one of the strategies devised to bridge India’s staggering trade deficit with China – which amounted to US$ 57 billion last year.

India is the second largest aquaculture producer, 3rd largest fish producer in the world with exports of marine products worth USD 7 billion and the 4th largest exporter of seafood in the world; while China imports sea food of about US$ 12 billion.