Export Value of Icelandic Seafood Increases Skip to content

Export Value of Icelandic Seafood Increases

The export value of Icelandic seafood increased by 42.3 percent in 2008 compared to 2007, amounting to ISK 181 billion (USD 1.4 billion, EUR 1.0 billion). However, production measured at fixed rates decreased by 1.5 percent, according to data from Statistics Iceland.

Icelandic cod. Copyright: Icelandic Photo Agency.

The export value of all species except for shellfish, crab and flatfish increased year-over-year, especially the value of salted cod, mbl.is reports.

Just as in previous years, frozen products amounted to 50 percent of all exported products. The vast majority of Icelandic seafood is exported to the European Economic Area (EEA), 79 percent, while 6.3 percent is exported to Asia and 5.6 percent to North America.

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