The continuing weak krone has seen Norway once again export record values of seafood.
The country exported seafood worth NOK 42.1 bn (€36.6 bn) in the third quarter, an increase of 10% compared to the same period in 2022.
“In terms of value, Norwegian seafood exports are still doing well,” said Christian Chramer, chief executive of the Norwegian Seafood Council.
“Salmon, trout, cod and pollack have had a historically strong third quarter behind them. However, it is still the weak Norwegian krone that is the most important driver of value growth.”
The country has already passed the export value for 2021, with the total so far this year reaching NOK 124.1 bn (€10.70 bn), against 2021’s NOK 120.8 bn (€10.41 bn).
“We can already see that 2023 will be a new record year for Norwegian seafood exports,” said Fisheries and Oceans Minister Bjørnar Skjæran (Ap).
“Although most of the growth in value in the third quarter can be explained by the weak Norwegian krone, seafood from Norway is still a highly sought-after global commodity with a very strong position in many markets.”
Decrease in export value measured in euros
Measured in Norwegian kroner, in the third quarter, there was a price increase for as many as 15 of our 20 largest export products, while measured in euros, only 8 out of 20 products had a higher export price than in the third quarter last year.
The EU market had the largest share of Norwegian seafood exports in terms of value in the third quarter, with Poland top of the list. Three hundred and ninety-one thousand tonnes of Norwegian seafood were exported to the EU for NOK 25.1 billion (€2.16 bn), a value increase of 15%.
