In 2024, Norway achieved its highest-ever seafood export value, reaching NOK 175.4 billion, an increase of NOK 3.7 billion (2%) compared to the previous record in 2023. The country exported 2.8 million tonnes of seafood, equating to approximately 38 million meals daily throughout the year. This growth occurred despite challenges such as cod quota reductions, production issues in salmon farming, and global economic fluctuations. Salmon remained the leading export, accounting for NOK 122.9 billion, or 70% of total seafood export value, with significant demand in Asian markets like Thailand, China, Vietnam, and Korea.
While aquaculture products comprised 74% of the export value, wild-caught species like cod and king crab faced difficulties due to quota cuts, leading to decreased volumes but increased prices. Notably, trout exports reached a record NOK 6.8 billion, with Ukraine, the USA, and Thailand as major markets. The largest markets for Norwegian seafood in 2024 were Poland, Denmark, and the USA, with China showing the highest growth in value, increasing by NOK 887 million (10%) compared to the previous year.