Money

Record high exports of fish and seafood

Norway exported 640,000 tonnes of seafood for NOK 25.6 billion in the first quarter. High demand and a weak krone contribute to the record high value.

The figures from the Norwegian Seafood Council were presented on Wednesday.

– The value of seafood exports in the first quarter has been record high. This is mainly driven by increased prices for several of our most important species. There are good, stable market conditions, increased demand in important markets, and a weak krone against both the dollar and euro, which in total gives a record listing, says seafood analyst Ingrid K. Pettersen.

Less in volume

Although a decrease in volume of 18 per cent was recorded in the first quarter, measured against the first quarter of last year, value growth was 7 per cent. This amounts to NOK 1.8 billion.

Exports of salmon amounted to 245,000 tonnes and amounted to NOK 16.7 billion in the first quarter. The volume has only increased by 1.1 per cent compared with the same period last year, but the value has increased by 7 per cent.

– The seafood industry is moving towards new records, and we have every reason to be proud of it. The seafood industry contributes to jobs and value creation that have ripple effects throughout our country, says Fisheries Minister Harald Tom Nesvik (FRP).

Clipfish

The Minister of Fisheries is on an official visit to Brazil, after last week he was with the royal couple during their official visit to Chile.

– It’s extra fun to see that the clipfish do so well. Brazil is one of our most important markets for clipfish, says Nesvik.

Norway exported 25,000 tonnes of clipfish at a value of NOK 1.1 billion in the first quarter. Exports increased by 17 per cent in volume, while the value increased by NOK 154 million or 17 per cent. Brazil, Portugal and the Dominican Republic were the main markets for clipfish in the first quarter.

(© NTB)

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