Norway exported fresh and frozen cod worth NOK 280 million (USD 33 million, EUR 29.8 million) last month, with a significantly higher value achieved in both formats.
The Scandinavian country’s exports of fresh cod, including fillets, amounted to NOK 72 million (USD 8.5 million, EUR 7.7 million), representing an increase of 9 percent or NOK 6 million (USD 707,071, EUR 637,624) compared with July 2015. At the same time, it exported NOK 208 million (USD 24.5 million, EUR 22.1 million) worth of frozen cod products, up 16 percent or NOK 29 million (USD 3.4 million, EUR 3.1 million).
For the year to date, its fresh cod exports have achieved a value of NOK 1.7 billion (USD 200.3 million, EUR 180.7 million), up 15 percent or NOK 221 million (USD 26 million, EUR 23.5 million), compared to the first seven months of 2015. Its frozen cod exports in the same period totaled NOK 1.5 billion (USD 176.8 million, EUR 159.4 million), an increase of 32 percent or NOK 392 million (USD 46.2 million, EUR 41.7 million) year-on-year.
Norway’s share of the 2016 Barents Sea cod quota, set by the joint Norwegian-Russian Fisheries Commission, is 401,240 metric tons (MT) – the same as last year.
Overall, Norway exported seafood worth NOK 49.2 billion (USD 5.8 billion, EUR 5.2 billion) in the first seven months of 2016, which represented an increase of 24 percent or NOK 9.5 billion (USD 1.1 billion, EUR 1 billion) year-on-year.
As well as high demand and prices, Norway’s seafood exporters have continued to benefit from a weaker Norwegian krone this year.
