Fish and Seafood

The Republic of Korea’s (ROK) seafood imports totaled $5.52 billion in 2024, representing a 6.9 percent decrease from the previous year. Imports from the United States amounted to $182 million, down 10.1 percent year-over-year.

Norway is the biggest producer of fish in Europe and the number one seafood exporter in the world. In 2024, 2.26 MMT of salmonid fish feed was used with a total estimated value of $3.16 billion for the ingredients, of which about $2.80 billion were imported.

The Philippines represents a $1 billion market for imported seafood products, based on the average over the past five years. Despite strong demand, U.S. seafood accounts for less than one percent of the market, highlighting significant untapped potential in a market where the United States is already the number one supplier of food and agricultural products.

The U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) is now accepting applications for its upcoming agribusiness trade mission to Mexico City, Mexico, scheduled for November 3–6. U.S. exporters interested in exploring trade opportunities in Mexico’s dynamic agricultural market must apply by Friday, July 25.

The U.S. Department of Agriculture’s Foreign Agricultural Service is now accepting applications for its agribusiness trade mission to Hong Kong, scheduled for May 12-16, 2025. Current and potential U.S. exporters interested in participating must apply by Jan. 30, 2025.

On February 4, 2022, the United States and European Union concluded negotiations to allow for resumption of bilateral trade in bivalve molluscan shellfish.