Moderate growth in seafood exports in May

Norwegian sea food.Norwegian seafood.Photo: Norway Today Media

Norway exported 181,400 tonnes of seafood with a value of NOK 8.7 billion in May. This is an increase of NOK 284 million or 3 per cent compared with May last year. So far this year, seafood exports have totalled NOK 43.3 billion. This is an increase of NOK 3.2 billion or 8 per cent compared with the same period last year.

Norway exported 181,400 tonnes of seafood with a value of NOK 8.7 billion in May. This is an increase of NOK 284 million or 3 per cent compared with May last year. So far this year, seafood exports have totalled NOK 43.3 billion. This is an increase of NOK 3.2 billion or 8 per cent compared with the same period last year.

«There has been a growth in export value for several species in May, where export earnings from salmon and mackerel in particular have increased. Demand for Norwegian seafood remains strong overall, especially in Europe and Asia.

At the same time, the Norwegian krone has weakened, especially against the dollar, and this has had a positive impact on the export price. Despite the increase in both volume and value, some companies have unfortunately suffered great losses in their production, due to the recent algae outbreak. This is obviously a tragedy for those involved”, says Tom-Jørgen Gangsø, Director of Market Insight and Market Access with the Norwegian Seafood Council.

© NTB Scanpix / #Norway Today

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