Exports of goods
 18. Sep 2024
Fish exports down DKK 292 million

Fish exports in the first seven months of 2024 amounted to DKK 6.3 billion – down DKK 292.4 million on the same period in 2023.

The tables below show fish export figures in value and volume terms in the January 2024 - July 2024 period compared with the same period in 2023.

The export drop in the non-fish category predominantly stems from lower exports of fuel and ships.

Salmon exports increased by DKK 467.8 million, up 16.5% in value and up 27% in volume.

Other products that boost the total export figure include cod and feeding stuff. Cod exports rose by DKK 138.1 million (23.8%).

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Export prices per kilo of frozen fillets are listed in the graph below. Haddock and cod prices are closely correlated, and these prices appear to be rising. The price of fresh saithe fillets is now lower than two years ago. Salmon prices have remained steady in the past 18 months.

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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)