Trump tariffs leave Goa’s seafood industry reeling

THE GOAN NETWORK | 3 hours ago

PANAJI

Tariffs imposed by US President Donald Trump in August last year have dealt a severe blow to Goa’s seafood exports, with shipments to the United States plunging to zero in the current financial year.

The coastal State, which earlier exported around 3,800 metric tonnes of frozen shrimp annually to the US, has recorded no exports this year. The information was furnished in the Rajya Sabha by Union Minister of State for Commerce and Industry Jitin Prasada.

According to official data, Goa exported 19,279 metric tonnes of frozen shrimp to the US between 2020-21 and 2024-25, valued at Rs 884.09 crore. However, the Ministry has reported nil exports from Goa and Delhi in the ongoing financial year, attributing the decline to the imposition of a 25 per cent tariff on Indian goods.

Gujarat, Maharashtra, Goa, Andhra Pradesh, Tamil Nadu, Delhi, Telangana, West Bengal, Kerala and Odisha are among the key contributors to India’s seafood exports. On August 7, the Trump-led administration announced a 25 per cent tariff on Indian goods. Prior to this, Indian exports to the US were subject to only 10 per cent anti-dumping and countervailing duties.

Data also shows that the downturn had begun last year. In 2024-25, Goa’s shrimp exports fell sharply by nearly 65 per cent, with the State exporting 1,951 metric tonnes compared to 5,035 metric tonnes in 2023-24. The export value dropped from Rs 213.53 crore in 2023-24 to Rs 78.58 crore last year.

In earlier years, Goa exported 4,756 metric tonnes of shrimp worth Rs 213.57 crore in 2020-21; 3,578 metric tonnes worth Rs 88.26 crore in 2021-22; and 3,959 metric tonnes valued at Rs 190.15 crore in 2022-23.

At the national level, India’s seafood exports, largely comprising frozen shrimp stood at Rs 62,408 crore in the last financial year, with the United States accounting for a 35 per cent share, valued at approximately $2.8 billion.



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