Sunday, 05 May 2019 07:55

Norway’s cod exports up in value, down in volume in 2018

EM3 19 News Int CodNorwegian cod exports have exceeded $1 billion for the second year in a row, even as volume declined. In 2018, Norway’s exports of cod grew by 6% over 2017, to $110 million. Volume, however, fell by 9% to 186.170 tonnes. A large increase in average unit value, up by 18% to $4,20 per kg in 2018, sustained the rise in export value.

The largest product components in Norway’s cod exports were H&G whole cod, in fresh or frozen forms, which accounted for 32% and 28%, respectively of total export volume. Also important were dried cod (21%), cod salted or in brine (12%), and frozen cod fillets (6%).

Almost a third of Norway’s cod exports went to Portugal, mainly dried, salted cod in brine, valued at $322 million. Denmark was Norway’s second largest market, purchasing$165 million, mostly whole fresh cod. China accounted for $103 million in Norwegian exports, such as whole frozen cod.