Seafood Industry in Norways Economic System

DOI: 10.20542/0131-2227-2021-65-5-78-86
A. Kravchuk (,
Far Eastern Federal University (FEFU), 8, Sukhanova Str., Vladivostok, 690091, Russian Federation; Asia Pacific International Institutions & Multilateral Cooperation Studies Center of Oriental Institute – School of Regional and International Studies of FEFU

Received 24.07.2020.

Abstract. Over the half of a century, the oil and gas industry remained a key sector of Norway’s economy, which had been receiving the highest governmental support. However, the situation has changed dramatically, since Oslo decided to reduce the volume of government investments in the petroleum industry, redirecting them to the assets of “green” companies. That decision initiated modernization of Norway’s seafood industry, which starts occupying a more prominent place in the country’s economy. In this paper, the author intends to study the current state of the Norwegian seafood industry and prospects for its development. Seafood makes up the country’s third export commodity by the value, sales volume of which increases annually. The government seeks to ensure further development of the industry avoiding the growth of negative environmental impacts. In order to achieve this goal Norway established a rigid system of state regulation, in both fishing and aquaculture, which bases on the principles of the ecosystem approach. Moreover, Oslo initiated several programs to find new technological solutions for seafood production. In fishing sector, it was decided to replace the old coastal vessels with high-tech ocean-going ones that ensure residue-free processing of extracted biological resources. Norway also started a new technological trend in the world aquaculture – construction of offshore fish farms – that will increase production volumes while reducing environmental risks related to the traditional net-pen aquaculture. The overall purpose of the Norwegian government is to increase profitability of its seafood industry, so in the future it could compensate for the shortfall in income of its oil and gas industry. Apart from that, particular attention in this paper paid to considering the Norwegian approach to fisheries regulation in maritime areas around Svalbard, where national interests of the parties to the Treaty of Paris collide. The author also analyses the role of a competition and cooperation in further development of Norway’s seafood industry.

Keywords: Arctic, Norway, fishing, aquaculture, Svalbard, economy


1. Norway’s Arctic Strategy – between Geopolitics and Social Development. Available at: (accessed 05.05.2020).

2. Blue Opportunities – The Norwegian Government’s Updated Ocean Strategy. Available at: (accessed 05.05.2020).

3. Norwegian fund will sell assets of oil and gas companies for $6 billion (In Russ.) Available at: (accessed 05.05.2020).

4. Leading Exporting Countries of Fish and Fishery Products Worldwide in 2018. Available at: (accessed 05.05.2020).

5. Statistics Norway. Available at: (accessed 05.05.2020).

6. Norwegian Seafood Exports 2018. Available at: (accessed 05.05.2020).

7. Aquaculture and Fishing. Analytical Information 2019 (In Russ.) Available at: (accessed 05.05.2020).

8. The State of World Fisheries and Aquaculture 2018 – Meeting the Sustainable Development Goals. Available at: (accessed 05.05.2020).

9. Economic and Biological Figures from Norwegian Fisheries 2019. Available at: (accessed 05.05.2020).

10. Norwegian Seafood Exports Top NOK 107 Billion in 2019. Available at: (accessed 05.05.2020).

11. Johansen U., Bull-Berg H., Vik L.H., Stokka A.M., Richardsen R., Winther U. The Norwegian Seafood Industry – Importance for the National Economy. Marine Policy, vol. 110, December 2019, Art. 103561.

12. Key Figures from the Norwegian Aquaculture Industry 2018. Available at: (accessed 05.05.2020).

13. Gullestad P., Abotnes A.M., Bakke G., Skern-Mauritzen M., Nedreaas K., Sovikb G. Towards Ecosystem-Based Fisheries Management in Norway – Practical Tools for Keeping Track of Relevant Issues and Prioritising Management Efforts. Marine Policy, vol. 77, March 2017, pp. 104-110.

14. Norwegian Fisheries Management. Available at: (accessed 05.05.2020).

15. Zilanov V.K., Borisov V.M., Luka G I. Rybnoe khozyajstvo Norvegii [Norway Fisheries]. Moscow, VNIRO Publishing, 2017. 296 p.

16. Norwegian Fishing Vessels, Fishermen and Licenses 2019. Available at: (accessed 05.05.2020).

17. The Norwegian Government’s Ocean Strategy – New Growth, Proud History. Available at: (accessed 05.05.2020).

18. Battle of halibut (In Russ.) Available at: (accessed 05.05.2020).

19. Treaty between the Kingdom of Norway and the Russian Federation concerning Maritime Delimitation and Cooperation in the Barents Sea and the Arctic Ocean of 15.09.2010. Available at: (accessed 05.05.2020).

20. Zilanov V. Delimitation between Russia and Norway in the Arctic: New Challenges and Cooperation. Arctic and North, 2017, no. 29, pp. 28-56.

21. The Svalbard Treaty of 09.02.1920 (In Russ.) Available at: (accessed 05.05.2020).

22. Kravchuk A. Ekonomicheskaya politika Norvegii v Arktike [Norway’s Economic Policy in the Arctic]. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2020, vol. 64, no 5, pp. 101-108. Available at:

23. Do Russian fishermen face discrimination? (In Russ.) Available at: (accessed 05.05.2020).

24. Act of 17.06.2005 no. 79 relating to Aquaculture. Available at: (accessed 05.05.2020).

25. Norway National Aquaculture Legislation Overview. Available at: (accessed 05.05.2020).

26. Norway Aquaculture Introduction and Summary. Available at: (accessed 05.05.2020).

27. Norwegian Salmon License Auctions Raise NOK 2.9bn. Available at: (accessed 05.05.2020).

28. Position of Russia’s WWF on net pens aquaculture (In Russ.) Available at: (accessed 05.05.2020).

29. Expanding Aquaculture at the Expense of Wild Salmon? Available at: (accessed 05.05.2020).

30. Ocean Farm 1 platform launched (In Russ.) Available at: (accessed 05.05.2020).

31. SalMar’s Gigantic Ocean Farm Gears up for Harvest. Available at: https://Salmonbusiness.Com/Salmars-Gigantic-Ocean-Farm-Gears-Up-For-Harvest/ (accessed 05.05.2020).

32. Offshore Salmon Farming “the Right Direction” for SalMar. Available at: (accessed 05.05.2020).

33. Boka Vanguard Is Shipping a Massive Fish Farm to Norway. Available at: (accessed 05.05.2020).

34. SalMar Hopes to Begin Construction of ‘Ultimate Offshore Farm’ this Summer. Available at: (accessed 05.05.2020).

35. Ocean Farm’s Big Brother Will Go ahead Says SalMar. Available at: (accessed 05.05.2020).

36. Norway Targets $1.5 bn Seafood Exports to China by 2025. Available at: (accessed 05.05.2020).

37. Norway’s Fish Industry Gets Chinese Boost. Available at: (accessed 05.05.2020).

38. Norway Wants China to Forget about the Human Rights Thing and Eat Salmon Instead. Available at: (accessed 05.05.2020).

39. Havfarm: a New Salmon Fishing Revolution in Norway. Available at: (accessed 05.05.2020).

Registered in System SCIENCE INDEX

For citation:
Kravchuk A. Seafood Industry in Norways Economic System. World Eonomy and International Relations, 2021, vol. 65, no. 5, pp. 78-86.

Comments (0)

No comments

Add comment






Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies


Current Issue
2024, vol. 68, No. 5
Topical Themes of the Issue:
  • Are There Any Ways to Break Through the Korean Nuclear Impasse?
  • Contemporary U.S. Taiwan Policy: Balancing on the Edge
  • The Gulf Monarchies’ Vision of the Global Order Transformations and the Russian Place in It
  • At Post-Soviet Space
Submit an Article
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.