Norway Exported NOK109bn Worth of Seafood in 2022

seafood

Seafood exports from Norway totaled NOK109bn in the first nine months of the year. With a growth of 29%, or NOK24.3bn, over the same period last year, it sets a new record.

Norway exported fish worth NOK39bn in the third quarter of 2022, the most ever for a quarter. The previous record, which was achieved in the fourth quarter of 2021, was NOK36.1bn.

Salmon continues to be the species with the most exports. In the third quarter, it represented 49% of all export volume and 72% of all export value. Export value climbed by NOK6.5bn, or 30%, over the previous year.

Mackerel and the whitefish family both have the potential for rapid expansion. While there was a value record for pelagic species in September, the third quarter saw the highest export value ever for frozen cod and rockfish.

With an export value of NOK15.1bn, September was the biggest single month ever for Norwegian seafood exports. A rise of 27%, or NOK3.2bn, from September of the previous year. The previous high for a single month was NOK12.5bn in March of this year.

“The growth in value for Norwegian seafood exports has been impressive this year, and in September, we passed the NOK 100 billion mark. Historically high prices are one of the reasons why the third quarter produced the highest ever export value for Norwegian seafood, says Christian Chramer, the CEO of the Norwegian Seafood Council. “The record-breaking value for the first nine months of the year confirms the seafood industry’s position as the country’s second most important export industry. The whole of Norway can benefit from the activity and value created along our coastline. The government has set a target of at least a 50 per cent increase in Norwegian exports, excluding oil and gas, by 2030. This year’s export figures show that the seafood industry will be an important contributor to achieving this target”, added Bjørnar Skjæran, Fisheries and Oceans minister.