Norway sees high seafood export value buoyed by weak krone and strong demand

Published Dec 6, 2023

Tridge summary

Norway's seafood exports reached NOK 16.7 billion in November, a 17% increase compared to the same month in 2022, thanks to a weak kroner and strong demand. The country has exported NOK 158.2 billion worth of seafood in 2023 so far, a 15% increase compared to 2022. Salmon exports increased by 3% in volume and 18% in value, while mackerel exports increased by 57% in volume and 86% in value.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Norway saw high seafood export values in November as a weak kroner coupled with strong demand continued to see the country post big year-over-year increases. According to data released by the Norwegian Seafood Council (NSC), Norway exported NOK 16.7 billion (USD 1.5 billion, EUR 1.4 billion) worth of seafood in the month of November, an increase of 17 percent over the NOK 14.4 billion (USD 1.3 billion, EUR 1.2 billion) the country exported in November 2022. For the year, the country has so far exported NOK 158.2 billion (USD 14.4 billion, EUR 13.4 billion) worth of seafood in 2023, a 15 percent increase over 2022. “On 13 November, seafood exports surpassed the 2022 full-year export total of NOK 151.4 billion [USD 13.8 billion, EUR 12.8 billion],” Norwegian Seafood Council CEO Christian Chramer said in a release. “This year, we expect the value of Norwegian seafood exports will exceed NOK 170 billion [USD 15.5 billion, EUR 14.4 billion], for which we can largely thank the weak ...

Source: Seafoodsource