Export Production of Marine Products Increases in Value by 7.8 Per Cent

21 May 2012, at 1:00am

ICELAND - In 2011 the export production of marine products amounted to ISK 256 billion and increased in value by 7.8 per cent from previous year, 10.3 per cent at constant prices.

Export of marine products amounted to 672 thousand tonnes and the total value amounted to ISK 252 billions.

The export increased in quantity by 6.4 per cent, and in value by 14.1 per cent. Frozen products generated 57 per cent of the value of exported marine products, but the highest export revenues were from whole frozen mackerel.

The European Economic Area is the most important market area for Icelandic marine products and in 2011 the export value for this category of products to EEA amounted to ISK 181 billion or 72 per cent of the export value.