Redfish
Search documents
Norway nets record seafood export sales
Yahoo Finance· 2026-01-08 10:51
Core Insights - Norway achieved record seafood export sales in 2025, with total exports reaching 2.8 million tonnes valued at Nkr181.5 billion ($17.9 billion), marking a 4% increase from 2024 [1] - Salmon exports were the primary contributor, with 1,414,909 tonnes exported worth Nkr124.7 billion, a 2% increase in value from 2024 [1] Export Markets - The US accounted for 9% of total exports, the highest share since 1989, although tariffs introduced in April and August raised duties on Norwegian seafood to 15% or more [2] - Exports to the US surged by 55% in Q1 2025 compared to Q1 2024 but saw a 1% decline in Q4 2025 [2] - Poland remained the largest single market in Europe for the 12th consecutive year, despite Europe's share of export sales in value terms decreasing from 67% to 63% [4] Growth in Specific Markets - China experienced the highest value growth, with exports rising 59% to Nkr12.3 billion, moving from sixth to third place in 2025 [4] - Salmon exports to China were valued at Nkr8.1 billion, with volumes increasing by 99% year-on-year to 90,906 tonnes [4][5] - The volume of salmon exported to China was twice as high as the previous year, driven by strong demand and a shift in purchasing patterns [5] Other Seafood Categories - Trout farming also performed well, with Norway exporting 86,903 tonnes of trout worth Nkr7.4 billion in 2025, reflecting a 16% increase in volume and a 10% increase in value [5]