Question : Ministry of Commerce & Industry released marine import-export data on June 3, 2020-21. Accordingly, how much amount of marine products India exported during 2020-21 ?
a. 11,49,341 MT
b. 65,46,000 MT
c. 21,39,441 MT
d. 30,50,000 MT
Ans. a.
Related facts
- Ministry of Commerce & Industry(MoCI) released marine import-export data on June 3, 2020-21.
- Marine Products Export Development Authority(MoCI) is responsible for compiling these data.
- The COVID pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 11,49,341 MT of marine products worth Rs 43,717.26 crore (US$ 5.96 billion) during FY 2020-21, registering a contraction of 10.88 per cent as compared to a year earlier.
- USA, China and the European Union were the leading importers, while frozen shrimp retained its position as the major export item, followed by frozen fish.
- In 2019-20, India exported 12,89,651 MT of seafood worth Rs 46,662.85 crore (US$ 6.68 billion), marking a decline of 6.31 per cent in rupee terms and 10.81 per cent in dollar value in 2020-21.
- Frozen shrimp contributed 51.36 per cent in quantity and 74.31 per cent of the total dollar earnings.
- USA remained its largest importer (2,72,041 MT), followed by China (1,01,846 MT), EU (70,133 MT), Japan (40,502 MT), South East Asia (38,389 MT), and the Middle East (29,108 MT).
- Frozen fish, with a share of 16.37 per cent in quantity and 6.75 per cent in dollar earnings, retained the second position in exports basket though its shipments plummeted by 15.76 per cent in quantity and 21.67 per cent in dollar terms.
- Frozen squid and frozen cuttlefish exports declined in volume by 30.19 per cent and 16.38 per cent, respectively. However, dried items showed an increase of 1.47 per cent and 17 per cent in quantity and rupee value, respectively.
- Shipments of chilled items and live items, which were negatively affected due to the reduced air cargo connectivity in the pandemic situation, fell by 16.89 per cent and 39.91 per cent in volume, respectively.
- Capture fisheries contribution reduced from 56.03 per cent to 53.55 per cent in quantity and from 36.42 per cent to 32.01 per cent in dollar value.
- However, tilapia and ornamental fish performed well with 55.83 per cent and 66.55 per cent increase in quantity and an uptick of 38.07 per cent and 14.63 per cent in dollar earnings, respectively.
- Tuna showed 14.6 per cent increase in quantity, but its dollar earnings downed by 7.39 per cent. Crab and scampi exports reduced both in quantity and value.