Totals
India’s shrimp exports remained broadly flat during Q1 2026 after strong growth throughout most of 2025. Total shrimp exports (HS 030617, HS 160521, HS 160529) reached 63,475 MT in March 2026, down 5% YoY, bringing Q1 exports to 164,568 MT, unchanged compared to the same period last year. Export value continued to weaken more sharply than volume, with March export value falling 9% YoY to $430 million and Q1 export value declining 5% YoY to $1.12 billion.
Products
Raw L. vannamei remained India’s dominant export category but lost momentum during March. Exports declined 6% YoY in March to 50,068 MT, leaving Q1 exports at 125,300 MT, flat YoY.
Value-added shrimp exports remained under pressure throughout Q1 2026. March exports totaled 6,566 MT, broadly unchanged YoY, but Q1 exports still declined 15% YoY to 15,566 MT following weak January and February shipments.
Wild-caught shrimp exports also softened, with March exports declining 14% YoY to 4,863 MT and Q1 exports falling 2% YoY to 15,568 MT.
Raw P. monodon continued to outperform all other product categories. March exports increased 34% YoY to 1,978 MT, bringing Q1 exports to 8,135 MT, up 57% YoY.
Markets
The US market remained under significant pressure. March exports to the US declined 14% YoY to 23,134 MT, while Q1 exports fell 29% YoY to 50,247 MT. Despite the weaker trend, March shipments were significantly higher than January and February levels.
China continued to absorb significantly larger volumes of Indian shrimp. March exports increased 27% YoY to 13,849 MT, bringing Q1 exports to 33,958 MT, up 60% YoY.
The EU also remained a strong growth market for India. Although March exports declined 6% YoY to 7,866 MT, Q1 exports still increased 18% YoY to 27,594 MT.
Exports to Vietnam remained elevated compared to last year despite some normalization in March. March exports declined 3% YoY to 6,542 MT, while Q1 exports still increased 10% YoY to 14,503 MT.
Japan remained relatively stable. March exports declined 6% YoY to 3,019 MT, but Q1 exports still increased 9% YoY to 8,223 MT.
Byte in Numbers
Total Shrimp Exports (HS 030617, HS 160521, HS 160529)
- Volume:
- Apr: 57,800 MT = +10% YoY
- May: 78,753 MT = +26% YoY
- Jun: 74,405 MT = +12% YoY
- Jul: 75,508 MT = +8% YoY
- Aug: 61,842 MT = -1% YoY
- Sep: 70,121 MT = +18% YoY
- Oct: 75,085 MT = +6% YoY
- Nov: 76,616 MT = +13% YoY
- Dec: 61,781 MT = -9% YoY
- 2025 Year-Total: 796,374 MT = +9% YoY
- Jan 2026: 50,564 MT = +3% YoY
- Feb: 50,528 MT = +4% YoY
- Mar: 63,475 MT = -5% YoY
- 2026 YTD: 164,568 MT = +0% YoY
- Value:
- Apr: $401 million = +19% YoY
- May: $547 million = +35% YoY
- Jun: $513 million = +20% YoY
- Jul: $533 million = +16% YoY
- Aug: $440 million = +3% YoY
- Sep: $508 million = +21% YoY
- Oct: $569 million = +13% YoY
- Nov: $543 million = +11% YoY
- Dec: $437 million = -12% YoY
- 2025 Year-Total: $5,664 million = +14% YoY
- Jan 2026: $347 million = -2% YoY
- Feb: $339 million = -3% YoY
- Mar: $430 million = -9% YoY
- 2026 YTD: $1,116 million = -5% YoY
Products
- Raw L. Vannamei:
- Apr: 47,291 MT = +10% YoY
- May: 65,863 MT = +26% YoY
- Jun: 63,133 MT = +12% YoY
- Jul: 61,609 MT = +7% YoY
- Aug: 44,932 MT = -5% YoY
- Sep: 47,383 MT = +14% YoY
- Oct: 52,115 MT = +7% YoY
- Nov: 54,985 MT = +11% YoY
- Dec: 43,584 MT = -13% YoY
- 2025 Year-Total: 605,966 MT = +7% YoY
- Jan 2026: 36,765 MT = +3% YoY
- Feb: 38,466 MT = +7% YoY
- Mar: 50,068 MT = -6% YoY
- 2026 YTD: 125,300 MT = +0% YoY
- Value-Added:
- Apr: 4,937 MT = +27% YoY
- May: 7,342 MT = +54% YoY
- Jun: 6,787 MT = +33% YoY
- Jul: 7,012 MT = +17% YoY
- Aug: 5,403 MT = -10% YoY
- Sep: 6,486 MT = +7% YoY
- Oct: 7,033 MT = -4% YoY
- Nov: 7,077 MT = -1% YoY
- Dec: 6,020 MT = -15% YoY
- 2025 Year-Total: 76,389 MT = +14% YoY
- Jan 2026: 4,664 MT = -17% YoY
- Feb: 4,335 MT = -29% YoY
- Mar: 6,566 MT = -0% YoY
- 2026 YTD: 15,566 MT = -15% YoY
- Wild-Caught:
- Apr: 4,347 MT = +18% YoY
- May: 4,225 MT = +15% YoY
- Jun: 3,444 MT = -1% YoY
- Jul: 3,930 MT = -18% YoY
- Aug: 4,669 MT = -16% YoY
- Sep: 4,780 MT = -10% YoY
- Oct: 5,575 MT = -12% YoY
- Nov: 5,185 MT = -7% YoY
- Dec: 5,355 MT = -9% YoY
- 2025 Year-Total: 57,431 MT = -4% YoY
- Jan 2026: 5,465 MT = +5% YoY
- Feb: 5,240 MT = +4% YoY
- Mar: 4,863 MT = -14% YoY
- 2026 YTD: 15,568 MT = -2% YoY
- Raw P. Monodon:
- Apr: 1,225 MT = -27% YoY
- May: 1,323 MT = -27% YoY
- Jun: 1,042 MT = -26% YoY
- Jul: 2,958 MT = +99% YoY
- Aug: 6,839 MT = +83% YoY
- Sep: 11,471 MT = +85% YoY
- Oct: 10,361 MT = +25% YoY
- Nov: 9,369 MT = +73% YoY
- Dec: 6,822 MT = +43% YoY
- 2025 Year-Total: 56,587 MT = +36% YoY
- Jan 2026: 3,670 MT = +51% YoY
- Feb: 2,487 MT = +95% YoY
- Mar: 1,978 MT = +34% YoY
- 2026 YTD: 8,135 MT = +57% YoY
Top Five Markets
- USA:
- Apr: 22,760 MT = +14% YoY
- May: 32,931 MT = +28% YoY
- Jun: 26,693 MT = +5% YoY
- Jul: 27,578 MT = -9% YoY
- Aug: 16,587 MT = -42% YoY
- Sep: 17,610 MT = -33% YoY
- Oct: 21,405 MT = -26% YoY
- Nov: 22,257 MT = -18% YoY
- Dec: 17,599 MT = -37% YoY
- 2025 Year-Total: 276,348 MT = -9% YoY
- Jan 2026: 13,888 MT = -36% YoY
- Feb: 13,226 MT = -40% YoY
- Mar: 23,134 MT = -14% YoY
- 2026 YTD: 50,247 MT = -29% YoY
- China:
- Apr: 10,286 MT = -12% YoY
- May: 17,337 MT = +20% YoY
- Jun: 16,187 MT = -5% YoY
- Jul: 12,092 MT = +5% YoY
- Aug: 12,190 MT = +33% YoY
- Sep: 15,337 MT = +76% YoY
- Oct: 16,161 MT = +18% YoY
- Nov: 20,146 MT = +42% YoY
- Dec: 13,289 MT = +16% YoY
- 2025 Year-Total: 154,291 MT = +10% YoY
- Jan 2026: 9,016 MT = +72% YoY
- Feb: 11,093 MT = +117% YoY
- Mar: 13,849 MT = +27% YoY
- 2026 YTD: 33,958 MT = +60% YoY
- EU-27:
- Apr: 7,822 MT = +36% YoY
- May: 8,060 MT = +24% YoY
- Jun: 8,488 MT = +33% YoY
- Jul: 10,780 MT = +32% YoY
- Aug: 11,083 MT = +58% YoY
- Sep: 11,873 MT = +79% YoY
- Oct: 11,873 MT = +79% YoY
- Nov: 12,305 MT = +58% YoY
- Dec: 12,099 MT = +51% YoY
- 2025 Year-Total: 119,748 MT = +39% YoY
- Jan 2026: 11,099 MT = +49% YoY
- Feb: 8,630 MT = +13% YoY
- Mar: 7,866 MT = -6% YoY
- 2026 YTD: 27,594 MT = +18% YoY
- Vietnam:
- Apr: 5,180 MT = +50% YoY
- May: 6,747 MT = +131% YoY
- Jun: 7,133 MT = +97% YoY
- Jul: 6,901 MT = +140% YoY
- Aug: 5,038 MT = +264% YoY
- Sep: 6,343 MT = +86% YoY
- Oct: 6,727 MT = +90% YoY
- Nov: 6,826 MT = +21% YoY
- Dec: 5,270 MT = -31% YoY
- 2025 Year-Total: 69,292 MT = +61% YoY
- Jan 2026: 3,618 MT = +1% YoY
- Feb: 4,342 MT = +55% YoY
- Mar: 6,542 MT = -3% YoY
- 2026 YTD: 14,503 MT = +10% YoY
- Japan:
- Apr: 2,435 MT = +35% YoY
- May: 3,152 MT = +8% YoY
- Jun: 3,322 MT = -11% YoY
- Jul: 4,512 MT = +0% YoY
- Aug: 4,220 MT = -20% YoY
- Sep: 5,286 MT = +47% YoY
- Oct: 4,100 MT = +9% YoY
- Nov: 3,157 MT = +23% YoY
- Dec: 2,946 MT = -10% YoY
- 2025 Year-Total: 40,643 MT = +6% YoY
- Jan 2026: 2,392 MT = +4% YoY
- Feb: 2,812 MT = +40% YoY
- Mar: 3,019 MT = -6% YoY
- 2026 YTD: 8,223 MT = +9% YoY
