Robust growth for Norwegian seafood exports in February

In February, Norway experienced a significant surge in seafood exports, reaching a value of NOK 11.3 billion, a 30% increase compared to the same period last year, despite the ongoing impact of the Ukraine conflict and logistical challenges due to sanctions. The month marked a record high in seafood export value, with Poland, France, and the USA being the largest recipients of Norwegian seafood. Salmon remained the primary export engine, with high demand and prices in Asian markets, particularly the USA. Other species such as cod, trout, herring, mackerel, king crab, and snow crab also saw notable growth, with the USA, Netherlands, and Denmark as the largest markets for some categories. However, exports to Sweden experienced a decline, with the total export value falling by 26% compared to February last year. Overall, the Norwegian seafood industry is showing resilience and adaptability, finding new markets and achieving high prices despite the ongoing pandemic and geopolitical tensions.