Economy
Despite looming tariffs, Norwegian seafood exports break record
The value of the export in April increased by 2 percent compared to last year.
“Norway has never before exported seafood for a higher value in the month of April,” Christian Chramer, CEO of the Norwegian Seafood Council is quoted as saying.
“The growth is due to increased export volumes and rising demand for Norwegian salmon in important markets such as the USA and China, ” he explained.
According to the latest figures from the Norwegian Seafood Council, Norway has exported seafood worth NOK 58.5 billion (approx €5 billion) so far this year. This is an increase of 7.3 percent compared to the same period last year.
In April this year, salmon accounted for 71 percent of the export value, with NOK 10 billion (appox €856 127 400 ) worth of salmon exported, according to the Norwegian Seafood Council.
“We are now seeing a shift in the flow of salmon from Europe to overseas markets such as Asia and the USA. Higher temperatures in the sea and fewer biological challenges meant that there was more superior quality salmon available in April than in the same month last year. This volume growth largely compensated for the falling salmon prices,” Christian Chramer explains.
Exports to the USA increased for the fourth consecutive month.
In addition to salmon, exports of Arctic king crab have also shown strong growth this year. According to the Norwegian Seafood Council, Norway exported 97 tonnes of king crab worth NOK 41 million (€3 509 462) in April this year. This is an increase of 110 percent compared to the same month last year.
