Exports of goods
 18. Jun 2024
Fish exports up by DKK 84 million

Total exports from May 2023 to April 2024 amounted to DKK 12.8 billion – down DKK 449 million (3.4%) on the previous 12-month period. Fish exports, however, are up 1% year-on-year.

The tables below show export figures in terms of value and volume in the May 2023 – April 2024 period compared with the previous 12-month period.

Fish exports rose by DKK 84 million (1%). Exports of salmon, feeding stuff, fishmeal and fish oil increased, while exports of other fish species decreased or remained steady. The export drop in non-fish categories predominantly stems from fuel and vessels.

Salmon exports increased by DKK 319 million, up 6% in value and up 3% in volume.

Goods that boost the total export figure include fishmeal, fish oil and goods not suitable for human consumption such as fish entrails and feeding stuff, which saw a combined export value rise of DKK 411 million (22%).

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The graph below shows exports according to the FAO’s ISSCFC fishery commodities classification. There has been an increase in exports of fishmeal, feeding stuff and fish oil in recent years.

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Tables for imports and exports have been restructured. All tables now allow selection of imports/exports and value/volume.

The new SITC table (UH01026) is similar to the old tables (UH01020 and UH01021), with the following changes:

  • Upgraded BEC classification from Rev. 4 to Rev. 5.
  • Uses the FAO’s ISSCFC fishery commodities classification.
  • Fish species are classified according to the MCS (Main Commercial Species) system by The European Market Observatory for fisheries and aquaculture products (EUMOFA), launched by the EU Commission. 
  • Includes fish processing information and supply chain data.

The ISSCFC includes a large number of commodities searchable by codes or text.

All data in the ISSCFC table will eventually be translated into Faroese.

See more graphs
All tables (Statbank)