Currency Surge and Global Conflict Chill Norwegian Seafood Trade
NORWAY Thursday, May 07, 2026, 00:10 (GMT + 9)
Strengthening Krone and Middle East Tensions Drive 5% Export Dip in April A sharp appreciation of the Norwegian krone has emerged as the primary headwind for Norway’s seafood industry, stalling a period of record-breaking growth. Norway exported seafood worth NOK 13.4 billion (US$ 1.45 billion) in April, marking a decline of NOK 742 million (US$ 80.1 million) — a 5 per cent drop compared to the same month last year. While geopolitical friction and trade disputes played a role, the currency market proved to be the most significant factor. Compared to April of last year, the krone has strengthened by 7 per cent against the euro and a staggering 12 per cent against the US dollar. FULL STORY
