Norway's cod exports grew 8 per cent year on year in 2017.
According to a report by Intrafish on January 10, Norway's exports of cod, green, haddock and other white fish in 2017 were $1.9 billion, up 8% from a year earlier. The increase in export earnings is directly related to the increase in catches, and the reduction in the price of cod and haddock has also led to an increase in exports. There has been a corresponding reduction in the quota of cod and haddock in Norway in 2018, and it is expected that the price of two species of cod will increase this year.
In 2017, the Norwegian export of frozen cod was 199,731 tons, with exports of us $654.5 million. Exports increased by 11,704 tons compared with the same period last year, and the export volume increased by 9% year on year. In the export of frozen cod products, cod 84,423 tons, exports of $333.4 million, and exports decreased by 2,208 tons compared with the same period last year.
China is Norway's main export market for frozen cod, with exports and exports up 20 per cent and 27 per cent year-on-year, but exports to the UK fell 18 per cent year on year.