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Norway seafood exports hit new high

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Norway seafood exports reached a record 74.5 billion Norwegian kroners (NOK) during 2015, NOK 5.8 billion more than the previous year. Farmed salmon again took the lead. In fact, farmed salmon and trout accounted for around two thirds of this impressive export total.

Terje E Martinussen, managing director of the Norwegian Seafood Council, said: ‘In a year with trade restrictions in several markets and an import embargo in Russia, the result was better than expected.

‘A weak Norwegian krone, combined with good demand for fresh products in particular, contributed to a new export record for Norwegian seafood.’

Seafood exports to the EU reached NOK 50 billion for the first time, after a growth of 17 per cent in 2015.

The EU takes in 67 per cent of total seafood exports, and it is decidedly the most important market for the Norwegian seafood industry.

Another important characteristic of Norwegian seafood exports is that more than 60 per cent is fresh product;this share is increasing.