The department says that's an increase of 7.3 per cent over the previous year.
It credits higher market prices for snow crab and shrimp, and growth in the value of the aquaculture sector for the boost.
The department says 2011 represents a turnaround from 2009 and 2010 when market values dropped because of the recession.
However, the department says high fuel costs and a relatively strong Canadian dollar continued to have a negative impact on the industry.
Fisheries Minister Darin King says the province's seafood industry employs more than 20,000 people, mainly in rural areas.