Norway sees 15 percent jump in seafood exports for August.
The devaluation of the Norwegian krone spurred a 15 percent jump in seafood exports in August, reaching NOK 14.2 billion ($1.3 billion), a rise of NOK 1.8 billion ($168 million) from the same month last year, according to a report released on Tuesday by the Norwegian Seafood Council.
This increase is primarily attributed to the devaluation of the Norwegian krone, which was 16 percent weaker against the euro compared to August of the previous year, according to Christian Chramer, CEO of the Norwegian Seafood Council.
While there was a volume decrease for various seafood products in August, Norwegian salmon’s export value exceeded NOK 10 billion ($931 million). This accomplishment marks an impressive 30 consecutive months of growth for the salmon market.
The resurgence of tourism, especially in Europe following the pandemic, further buoyed Norway’s seafood exports. Between June and August, exports reached NOK 41.3 billion ($3.8 billion), a 14 percent rise from the previous year.
