Authorities say Australia's aquaculture products brought in $983 million last year.
The value of aquaculture in Australia has increased by eight percent to nearly reach AUD 1 billion and oysters, abalone and mussels are among the biggest earners in the industry.
According to figures released by the Australian Bureau of Agricultural and Resource Economics and Sciences, aquaculture products from around the country brought in AUD 948 million in 2010/11.
Edible oysters were worth AUD 99 million in 2010/11, and South Australian Oysters Growers Association president Jill Coates said the figure was a positive for the local industry.
She said the local oyster industry was enjoying a sustainable growth of about 10 per cent a year, whichwas a figure the industry was pleased with.
She said marketing growth would be an area the industry would start to focus on, with the recently created Eyre Peninsula Seafood Flavor Wheel showing the diversity between the regions oysters.
Farmed tuna off Port Lincoln also increased its earnings by AUD 22.9 million in 2010/11, taking its total economic earnings to AUD 125 million following a recovery in tuna prices around the globe.
The export value of Australia's seafood remained steady, with rock lobster, abalone, tuna and shrimp remaining the most valuable seafood exports.
Hong Kong and Japan were the main export markets for Australian seafood in 2010/11, accounting for 44 percent and 22 percent in value terms respectively.
Other major export markets included China at 12 percent, and Singapore and the United States each accounted for four percent of the export market