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Weak currency fuels Norway’s seafood export values

  • August 15, 2023
  • Quentin
  • Dato: 15/08/2023
  • kl. 07:06
  • Kategori: Seafood
  • Tags: Exports, Seafood
  • Land: Norway
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The value of exports of seafood by Norwegian producers totalled NoK12.4 billion in July this year. Seafood exports for the first seven months of this year have increased by 16%, to reach a total value of NoK94.4 billion.

‘The increase in value this month is also primarily due to a weak Norwegian krone, although our currency strengthened somewhat in July,’ said Christian Chramer, managing director of the Norwegian Seafood Council.

In July there has been a price increase for products such as fresh salmon fillets, cod clipfish and frozen whole mackerel, at the same time, Norway exported somewhat less cod, saithe and herring than July last year.

In July, Norway exported NOK 12.4 billion worth of seafood, an increase of NoK928 million, or 8%, compared to the same month last year.

‘The price increased for products such as fresh salmon fillets, cod clipfish and frozen whole mackerel, and this contributes to a very positive July. At the same time, we exported somewhat less cod, saithe and herring than last year,’ Christian Chramer explained.

For several products, price growth measured in foreign currency has stopped. In euro terms, the export price of fresh whole salmon is the same as 12 months ago, while the export price of fresh whole trout is as much as 28% lower than in July last year.

The largest markets for Norwegian seafood exports in July were Poland, Denmark, and the USA. Although seafood was exported to 106 countries in July, this is six fewer than in July 2022.

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