The Global Seafood Industry
The global seafood industry is a crucial sector in the global economy, providing nutritious food to billions of people worldwide. According to a report by the Food and Agriculture Organization (FAO) of the United Nations, the global seafood trade reached a value of $164 billion in 2019.
Top 10 Countries with the Fastest Growing Seafood Exports
1. Vietnam
Vietnam has emerged as one of the top countries with the fastest-growing seafood exports in recent years. The country’s seafood industry has experienced significant growth due to its focus on quality and sustainable practices. In 2019, Vietnam’s seafood exports reached a record high of $8.6 billion, representing a 7% increase from the previous year.
2. Norway
Norway is another leading player in the global seafood market, known for its high-quality salmon and cod exports. The country’s seafood exports totaled $10.9 billion in 2019, with a growth rate of 3% compared to the previous year.
3. Chile
Chile is a major exporter of seafood products, particularly salmon and mussels. The country’s seafood exports reached $6.3 billion in 2019, showing a growth rate of 4% from the previous year.
4. India
India has also seen significant growth in its seafood exports, driven by increased demand for shrimp and prawns. The country’s seafood exports reached $6.7 billion in 2019, with a growth rate of 5% compared to the previous year.
5. Ecuador
Ecuador is known for its shrimp exports, which have contributed to the country’s rapid growth in the seafood industry. In 2019, Ecuador’s seafood exports reached $2.7 billion, showing a growth rate of 8% from the previous year.
6. China
China is a major player in the global seafood market, with a diverse range of seafood products. The country’s seafood exports totaled $10.5 billion in 2019, with a growth rate of 2% compared to the previous year.
7. Indonesia
Indonesia has seen steady growth in its seafood exports, driven by demand for tuna and shrimp. The country’s seafood exports reached $5.4 billion in 2019, showing a growth rate of 6% from the previous year.
8. Thailand
Thailand is a key player in the global seafood market, known for its processed seafood products. The country’s seafood exports totaled $7.2 billion in 2019, with a growth rate of 3% compared to the previous year.
9. United States
The United States is a major importer and exporter of seafood products, with a strong focus on sustainable practices. The country’s seafood exports reached $5.4 billion in 2019, showing a growth rate of 4% from the previous year.
10. Spain
Spain is a leading player in the global seafood market, known for its high-quality seafood products. The country’s seafood exports totaled $5.8 billion in 2019, with a growth rate of 5% compared to the previous year.
Overall, these top 10 countries with the fastest-growing seafood exports are driving growth in the global seafood industry, contributing to food security and economic development worldwide.
Source: Statista – Leading countries exporting fish and seafood worldwide
