IN BRIEF - South Korean Imports of Norwegian Seafood: November Rise Amid 5% Year-to-Date Decline
SOUTH KOREA
Wednesday, December 11, 2024
In November 2024, South Korea imported 5,699 tons of seafood from Norway, representing a 7% increase compared to 5,337 tons in the same period in 2023.
However, the cumulative imports from January to November 2024 fell by 5% to 60,556 tons, down from 63,870 tons in the previous year. Norwegian seafood accounted for approximately 7% of the total seafood imports of 814,815 tons.
Import Volumes by Product
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The import value of Norwegian seafood in November 2024 reached USD 42.79 million, up 6% from USD 40.46 million in the same month of 2023. However, the cumulative import value decreased by 4%, totaling USD 479.91 million compared to USD 500.81 million in the previous year. The average import price rose slightly to USD 7.93/kg, a 1% increase from USD 7.84/kg in 2023.
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