Norway’s seafood exports hit record value in August 2024

Norway’s seafood export value recently hit a new record high for the month of August; though, once again, currency effects were a big part of the value increase. According to data shared by the Norwegian Seafood Council (NSC), Norway exported seafood worth NOK 14.6 billion (USD 1.34 billion, EUR 1.22 billion) in August 2024, up NOK 724 million (USD 66.8 million, EUR 60.5 million), or 5 percent, from the same month of 2023. That value means it was the best August ever for Norway’s seafood exports, NSC CEO Christian Chramer said.Chramer added that as much as half of that value is due to the weaker Norwegian krone, which drove up the value of the country’s seafood. “We also see that higher volumes of trout and mackerel are contributing positively, in addition to an increase in prawn exports,” Chramer said. “At the same time, the price of salmon measured in foreign currency has fallen, while we had lower volumes of both saithe and cod.”The strong August has countered the negative ...