Exports of goods
 17. May 2024
Fish exports down by DKK 167 million

Total exports from April 2023 to March 2024 amounted to DKK 12.5 billion – down DKK 552 million on the previous 12-month period.

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

Fish exports fell by DKK 167 million (1%). This overall decrease was driven mainly by a DKK 347 million (27%) drop in mackerel exports.

Salmon exports remain relatively steady, with a 2% rise in value and a 1% drop in volume.

Herring exports have gone up in terms of both value and volume. The export value rose by DKK 6 million, while the volume went up by 7,000 tonnes (12%).

Goods that boost the total export figure include fishmeal, fish oil and goods not suitable for human consumption such as fish entrails, which saw a combined export value rise of DKK 598 million.

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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)