Norwegian seafood exports to U.S. reach record levels

NORWAY – In February 2025, Norway’s seafood exports to the United States reached unprecedented heights, marking the highest monthly value since the 1980s. 

The U.S. emerged as the leading market for Norwegian seafood for the second consecutive month, accounting for 11% of total exports. 

This surge is attributed to a combination of favorable currency exchange rates, increased salmon harvests, and a strong demand for various seafood products.

Overall, Norway’s seafood exports in February were valued at approximately US$1.35 billion (NOK 14.1 billion), reflecting a 6% increase compared to the same period last year. 

The European Union received 62% of these exports, while 21% were directed to Asian markets. 

Following the U.S., Poland and Denmark were notable importers of Norwegian seafood.

This comes as the U.S. market experienced a significant uptick in Norwegian salmon imports, with volumes increasing by 57% to 6,539 tons in February. 

The value of these exports rose by 50% compared to February 2024. 

This growth is partly due to improved production conditions in Norway, resulting in larger fish sizes that are particularly sought after in the U.S.

In addition to salmon, Norway has become a primary supplier of king crab to the U.S., especially as other sources like Alaska have depleted their stocks and Russian imports remain restricted due to sanctions.

This shift has led to record export prices for frozen king crab, further boosting Norway’s seafood export value.

Currency Fluctuations and Trade Policies Influence Market Dynamics

The depreciation of the Norwegian krone against the U.S. dollar has made Norwegian seafood more competitively priced in the American market, enhancing export values when measured in kroner. 

Concurrently, the global seafood trade landscape is being reshaped by U.S. trade policies. The Trump administration’s recent implementation of 25% tariffs on imports from Canada, Mexico, and China is expected to increase prices of various goods, including seafood, for American consumers.

These tariffs have prompted businesses to seek alternative suppliers, potentially benefiting Norwegian exporters. 

However, the Norwegian Seafood Council remains cautious, acknowledging uncertainties surrounding potential U.S. tariff barriers and their implications for future trade.

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