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Overcoming the inflationary squeeze on consumers’ pockets, Norway once again achieved its best-ever month for seafood export earnings in October.
In total, the Scandinavian country sold NOK 15.4 billion (USD 1.5 billion, EUR 1.5 billion) worth of fisheries and aquaculture products to overseas markets last month, a new record total and up 27 percent, or NOK 3.3 billion (USD 310.9 million, EUR 319 million), compared with October 2021. The export value in October was also NOK 727 million (USD 68.5 million, EUR 70.2 million) higher than the previous record month (September 2022), confirmed the Norwegian Seafood Council (NSC).
In terms of end markets, the United States delivered the most value growth for Norway in October, up 83 percent or NOK 581 million (USD 54.7 million, EUR 56.1 million) compared with October 2021. The total seafood volume sold to the U.S. market increased 18 percent to 10,866 metric tons (MT).
“Norwegian seafood exports experienced historical growth in October. The value of NOK 15 billion is more than a solid record. It means that every day this month, we exported seafood worth just under NOK 500 million (USD 47.1 million, EUR 48.3 million). These are enormous numbers and show how vital this industry is to Norway,” NSC CEO Christian Chramer said.
By Jason Holland,
Source: www.seafoodsource.com
