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International Journal of Advanced Research in Management and Social Sciences
Year : 2017, Volume : 6, Issue : 4
First page : ( 171) Last page : ( 177)
Online ISSN : 2278-6236.

Value and quantity focused export performance of seafood products in global market: Analytical study

Jebadurai D. Joel1, Dr. Rajamohan S.2

1ICSSR Doctoral Research Fellow, Alagappa Institute of Management, Alagappa University, Karaikudi

2Professor, Alagappa Institute of Management, Alagappa University, Karaikud

Online published on 30 November, 2019.

Abstract

Trade is the backbone for the development of total currency inflow of the country. The country selected for the seafood trade is mandatory in order to continue the smooth flow of trade in future. While trading the seafood to host countries, the Indian exporters are shrewd to consider the trade volume, relative strength of the currency, payment terms, and distance between the countries and so on. Based on the prosperity of country, the traded quantity of seafood between the countries is different. In order to analyse the trade quantity and value of seafood traded from India Growth Rate (GR) has been used. From the GR, it is found that traded quantity and value between countries getting fluctuated in every year. United States of America (USA) and European Union (EU) countries are imported low volume of quantity but value contribution is high in India export earnings through seafood export. But South East Asian countries are imported high volume of seafood products from India but currency inflow from the country is low. It is mainly for the reason of USA and EU countries are importing the higher value products from India and their quality acceptance limit, people purchasing power is also high, currency accepted in the trade is also leads to higher foreign exchange earnings. South East Asian countries quantity imported level is high, but value contribution is low, it is mainly for the reason of they focus on low value seafood product from India. The researcher thanks the authorities of Indian Council of Social Science Research for having provided fund to complete this research article.

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Keywords

Seafood, Export, Market performance, Export reasons.

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