Norway exported NOK 13.1 billion worth of seafood in May, according to the Norwegian Seafood Board. This is NOK 816 million or 7 percent more than in the same month in 2022.
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“As in April, in May we also see a significant currency effect. Only a weak Norwegian krone helped boost the value of exports by about NOK 1.5 billion last month. Without such development, there would be a decline in the value of exports. The market situation has now become more complex,” says Christian Schramer, CEO of the Norwegian Seafood Council. In euro terms, the value of exports fell by 8% in May, while in dollar terms it fell by 5% compared to the same month last year. Cost Increases Due to Currency Effect and Food Inflation “The reopening in the wake of the coronavirus pandemic and the subsequent high inflation around the world contributed to the rise in global food prices last year. Together with the weak Norwegian krone, this has led to a significant increase in the value of seafood exports,” says Schramer. So far this year, NOK 67.5 billion worth of seafood has been exported. This represents an increase of NOK 9.9 billion compared to the same period last year. “In ...
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