Value of Norwegian seafood exports per month

Best August ever for Norwegian seafood exports

NORWAY
Thursday, September 05, 2024, 00:10 (GMT + 9)

Norway exported seafood worth NOK 14.6 billion in August. This is an increase of NOK 724 million, or 5 per cent, from the same month last year.

"August 2024 has the highest export value ever measured in an August month," says Christian Chramer, CEO of the Norwegian Seafood Council.

Half of the total growth in value can be attributed to the currency effect.

“Compared with last year, higher salmon volumes and a weaker Norwegian krone drove up the value of Norwegian seafood in August. We also see that higher volumes of trout and mackerel are contributing positively, in addition to an increase in prawn exports. At the same time, the price of salmon measured in foreign currency has fallen, while we had lower volumes of both saithe and cod," says Chramer.

"At the same time as the low exchange rate results in good export figures measured in Norwegian kroner, many seafood companies have to deal with the general increase in costs in society. Expenses are not necessarily in line with revenues," says Chramer.

These are the biggest markets in August

Seafood was exported to a total of 109 countries in August. This is 5 fewer than in August last year.

• The largest markets for Norwegian seafood exports in August were Poland, Denmark and the USA
• The UK had the highest value growth, with an increase in export value of NOK 161 million, or 24 per cent, compared with the same month last year.
• The export volume to the UK ended at 13,077 tonnes, which is 9 per cent higher than the same month last year.

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