Norway exported NOK 14.2 billion worth of seafood in August, according to the Norwegian Seafood Council. This is an increase of NOK 1.8 billion, or 15 percent, compared to the same month last year.
“The devaluation of the crown is the main reason for the increase in the value of exports. In August, the Norwegian krone was as much as 16 percent weaker against the euro than in the same month last year. This explains almost the increase in export value,” says Christian Schramer, CEO of the Norwegian Seafood Council. Five key indicators of seafood exports in August: 1. The largest increase in the value of exports to the United States As for regions of the world, it was in North America, where the United States is the largest market, that the strongest increase in value was observed in August. Exports to this market increased by 24 percent to a total of NOK 1.5 billion. This represented 10.4 percent of total Norwegian seafood exports in August in value terms. “The US is becoming an increasingly larger and more important market for us. We have to go back to the 1980s to find a month in August when more than 10% of the total value of Norwegian seafood exports went to North ...
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