Norway announces record exports

Imports and Exports | | MIC Customs Solutions |

Oil, gas and fish have all been heading out of Norway at record levels.

Norway is enjoying a bumper time for exports, achieving records in the petroleum and seafood industries in particular, official figures have shown.

The Norwegian Petroleum Directorate's Ingrid Sølvberg said 2021 was a "great year" for oil and gas, which translated into especially high revenues for sales abroad.

Indeed, Norway's oil and gas exports for the last quarter of 2021 alone were nearly three times higher than during the same period the previous year, with oil and gas production for the year as a whole increasing to 102 million standard cubic meters and 113 billion cubic meters respectively.

"The export value from petroleum has never been higher, and especially natural gas contributes to the growth," Ms Sølvberg commented.

Meanwhile, the Norwegian Seafood Council has said 2021 was the best year ever for seafood exports from the Scandinavian nation.

A record export volume of 3.1 million metric tons was achieved, which experts attributed to demand remaining high even in times of crisis.