Currency effects resulted in value growth for seafood exports of Norway in April

Seafood

Norway

Published May 4, 2023

Tridge summary

Norway exported NOK 12.9 billion worth of seafood in April. This is an increase of NOK 1.6 billion, or 14 percent, compared to the same month last year. "For Norway as a seafood nation, it is positive that the value of export products continues to increase, but the growth in April is solely due to a currency effect. Measured in euros, the export value fell by more than 5 percent and in dollars by 3.7 percent.

Original content

Norway exported NOK 12.9 billion worth of seafood in April. This is an increase of NOK 1.6 billion, or 14 per cent, compared to the same month last year.“For Norway as a seafood nation, it is positive that the value of export products continues to increase, but the growth in April is solely due to a currency effect. Measured in euros, the export value fell by more than 5 per cent and in dollars by 3.7 per cent. The weak Norwegian krone that is driving the value up”, says Christian Chramer, CEO of the Norwegian Seafood Council. Lowest export volume since 2007In April, 160,000 tones of seafood were exported from Norway. This is the lowest April export volume since 2007, when exports totalled 125,000 tonnes. “The downward trend with falling volumes also continued in April. Among other things, this applied to trout, grayling, and several whitefish species, while the volume for salmon is at a standstill compared to the same month last year”, explains Christian Chramer.Value growth to ...

Source: Seafood