News

The third best month ever for seafood exports

Seafood
World
Published Nov 5, 2020

Tridge summary

Despite a very challenging month of flare-ups of the corona pandemic in many markets, seafood exports remain at a high level. In October, seafood was exported with a value of NOK 10.4 billion. This is a decrease in value of 5 per cent, or NOK 573 million, compared with October last year. Nevertheless, this is the third highest export value for a single month. So far this year, the value of seafood exports has reached NOK 87.2 billion. This is at the same level as the record set last year.

Original content

Historically, seafood exports have only been higher in two single months previously, and that was in October and November of 2019.“The corona crisis is still affecting both Norway and the rest of the world. Nevertheless, we see that seafood exports almost equal the value from October last year, which was the highest export month ever. For industrial products such as fishmeal, fish oil and fish feed, there is growth in export value. In addition, the export value of king crab, salted fish and frozen cod is increasing. A weak Norwegian krone largely explains the value of seafood exports being maintained at the same level as last year”, says Tom-Jørgen Gangsø, Director of Market Insight and Market Access at the Norwegian Seafood Council,.Poland, Denmark and France were the largest markets for Norwegian seafood in October.Highest salmon export volumes ever 120,000 tonnes of salmon were exported with a value of NOK 6.5 billion in October. Export volumes rose by 4 per cent. Converted ...
Source: Seafood
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