Exports of goods
 15. Nov 2024
Fish exports down by almost DKK 1 billion

Total exports from October 2023 to September 2024 amounted to DKK 11.9 billion - down DKK 1.1 billion on the previous 12-month period

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

Fish exports fell by DKK 989.4 million (8%). Exports of salmon, cod and feeding stuff increased, while exports of other fish species decreased. The export drop in non-fish categories predominantly stems from fuel and vessels.

Salmon exports increased by DKK 552.7 million, up 10% in value and up 17.5% in volume.

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The table below shows the export of fish products by destination country. The largest drop is in exports to non-EU European countries. Exports to the EU and the USA remain at roughly the same level, with only a slight decrease.

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Recent years have seen a significant increase in exports to the EU and the USA. Exports to the EU have now doubled since 2021. Exports to the USA have increased from DKK 50-100 million per month in 2014 to 2021 to DKK 100-200 million per month today.

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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)