Norway exported NOK 14.4 billion worth of seafood in November, representing an increase of NOK 2.3 billion, or 19 per cent, compared to the same month last year.
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So far this year, Norway has exported NOK 138 billion worth of seafood. NOK 29.2 billion ahead of the same period last year.
Higher prices accounted for almost NOK 3 billion of the total seafood exports of NOK 14.4 billion in November. A solid month for salmon, trout, pollock and cod, all of which achieved export records compared to November last year.
In November, many seafood species were exported in lower volumes than a year ago, depressing revenues by approximately NOK 900 million compared to November last year.
If this year's strong value growth continues in December, seafood exports will pass NOK 150 billion by the end of 2022. This is mainly due to salmon, which accounted for 70 per cent of the total export value in November.
In November, the Norwegian krone weakened against the dollar and the euro compared to the same month in 2021. This gave the export value a helpful boost.
The USA had the most significant increase in value in November, with an increased export value of NOK 473 million, or 64 per cent, compared to the same month last year.
The export volume to the USA ended at 10,587 tonnes, which is 22 per cent higher than the same month last year.
Seafood was exported to 121 countries in November, six more countries than in November 2021.
The largest markets for Norwegian seafood exports in November were Poland, Denmark and the USA.
Norway exported 125,234 tonnes of salmon to a value of NOK 10.1 billion in November.
The value of exports increased by NOK 2.2 billion, or 28 per cent, compared to November last year.
The volume fell by 1 per cent.
Poland, the USA and France were the biggest markets for salmon in November.
The USA had the most significant increase in value this month, with an export value of NOK 431 million, or 87 per cent, compared to the same month last year.
The export volume to the USA ended at 6,393 tonnes, which is 30 per cent higher than in the same month last year.
Norway exported 4,897 tonnes of trout worth NOK 454 million in November.
The export value increased by NOK 32 million, or 7 per cent, compared to November last year.
The export volume fell by 25 per cent.
The USA, Thailand and Lithuania were the biggest markets for trout in November.
Lithuania had the largest increase in value in November, with an export value of NOK 50 million, or an increase of 1,886 per cent, compared to the same month last year.
The export volume to Lithuania ended at 622 tonnes, which is 977 per cent higher than in the same month last year.
Norway exported 2,945 tonnes of fresh cod to a value of NOK 178 million in November.
The value increased by NOK 53 million, or 43 per cent, compared to November last year.
There is a growth in export volume of 13 per cent.
Denmark, Sweden and Spain were the biggest markets for fresh cod in November.
Denmark had the most significant increase in value this month, with an increased export value of NOK 34 million, or 39 per cent, compared to the same month last year.
The export volume to Denmark ended at 1,980 tonnes, which is 5 per cent higher than in the same month last year.
The export volume of fresh cod increased in line with the landings in November.
Norway exported 4,024 tonnes of frozen cod worth NOK 234 million in November.
The value fell by NOK 116 million, or 33 per cent, compared to November last year.
The volume fell by 50 per cent.
Great Britain, China and Poland were the biggest markets for frozen cod in November.
Lower landings contributed to a lower export volume of frozen cod in November.
Export volumes fell to all major markets, with the largest decline being to Poland. This month, Indonesia had the most significant increase in value, with an export value of NOK 9 million, compared to nothing last year. ■