Iceland exports more seafood, earnings increase

Published on
July 16, 2019

Seafood exporters in Iceland shipped 670,000 metric tons (MT) of fisheries and aquaculture products worth NOK 240 billion (USD 1.9 billion, EUR 1.7 billion) to overseas markets in 2018, representing an increase in volume of 61,000 MT and a value rise of 22 percent compared with the previous year, confirms new figures issued by Statistics Iceland. 

Frozen products generated 46.7 percent of the total export value, while chilled products accounted for 24.9 percent. The greatest value was generated by frozen cod, with ISK 39.4 billion (USD 312.8 million, EUR 277.7 million). 

The analysis also found that the United Kingdom was Iceland’s main market, accounting for 15.3 percent of the total export value. France followed with 11.3 percent.

Contributing Editor reporting from London, UK

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