Exports of goods
16. Feb 2023
Fish export value up by 26%
Faroese exports of fish products increased by DKK 2.4 billion in 2022. This represents a year-on-year increase of 26% in export value. The total export volume went down by 6%.
Exports have increased across most commodity groups. Salmon exports saw a year-on-year increase of DKK 1.1 billion. The export value of herring dropped by DKK 143 million (19.3%), mainly due to a 30.8% decrease in the export volume for herring.
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Big growth in exports to the U.S.
The Asian and the American markets have seen the highest relative increase, with the export value increasing by 72% and 63%, respectively, in 2022. This growth mainly stems from salmon. Exports to Asia are approaching pre-pandemic levels, while exports to the U.S. have doubled in the past few years.
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Fish exports
The export volume of most fish species is either unchanged or has gone down. The export volume of haddock and blue whiting has, however, increased slightly.
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