Seafood exports from Norway in the first half of 2023

“In value terms, Norwegian seafood exports in the first half of the year have never been so high. The combination of a weak Norwegian krone and high global food inflation has led to a sharp increase in prices for our most important types of seafood,” says Christian Schramer, CEO of the Norwegian Seafood Council. Significant currency effect The currency effect had a significant impact on Norwegian seafood exports in the first six months of 2023. “Of the total increase in export value of NOK 12.3 billion in the first half, about NOK 8 billion can be attributed to the weak Norwegian krone,” says Schramer. Norway exported 1.3 million tons of seafood in the first half of the year. This is 75,000 tons less, or 5 percent, compared to the same period last year. Exports of herring, cod and salmon declined, which can be explained by difficult fishing conditions, reduced quotas and slightly lower salmon production. “Export figures highlight that seafood from Norway is a sought-after product ...