Stronger krone weighs on Norwegian seafood export value.
Norway exported seafood worth NOK 13.8 billion ($1.38 billion) in February, down NOK 262 million ($26.2 million), or 2 percent, compared with the same month last year.
According to the Norwegian Seafood Council, part of the decline reflects currency effects, as a stronger Norwegian krone reduced export values when measured in local currency.
“While the value of exports measured in Norwegian kroner fell in February, there was an increase measured in both euros and dollars compared with the same month last year,” said Christian Chramer, CEO of the Norwegian Seafood Council.
“When the krone strengthens, the value of exports measured in Norwegian kroner falls. This means that we no longer have the positive currency effect of a weaker krone,” he added.
In the first two months of 2026, Norway exported seafood worth NOK 28.5 billion ($2.85 billion), down NOK 777 million ($77.7 million), or 2.7 percent, compared with the same period in 2025.
The Norwegian Seafood Council also pointed to lower supplies of certain species and continued trade barriers as factors influencing global seafood flows at the start of the year.