Norway's seafood exports in the first 10 months of 2023 reached NOK 142.4 billion

Seafood

Norway

Market & Price Trends

Published Dec 1, 2023

Tridge summary

Norway's seafood exports in October 2023 reached a record high of NOK 18.4 billion, driven by strong growth in salmon exports. The increased export turnover can be attributed to high salmon prices, higher export volumes, and the weakening Norwegian krone. While overall seafood exports for the year have decreased compared to the previous year, the value of salmon exports is expected to exceed NOK 100 billion in 2023.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Norway's seafood exports in October 2023 reached NOK 18.4 billion, up 22% compared to October 2022. The growth in salmon exports continues to make an important contribution to bringing Norway's seafood export turnover in October to its highest monthly level so far this year. Mr. Christian Chramer - CEO of the Norwegian Seafood Council said: Export turnover has grown strongly due to the combination of high export salmon prices, increased export volumes and the weakening Norwegian krone. raising total export turnover to a record high. In October 2023, Norway's salmon exports reached NOK 12.5 billion, accounting for 68% of Norway's total seafood export value, an increase of 22% compared to October 2022. The value of salmon exports for the whole year 2023 will exceed NOK 100 billion. However, much of the increase in value can be attributed to the weaker Norwegian krone. Measured in euros, salmon export value increased only 4% in 10 months. Overall for the 10 months of this year, ...

Source: Vinanet