Fisheries Iceland reposted this
The Icelandic seafood industry is experiencing a notable shift: Salmon has recently become the second most valuable fish species in terms of export revenue. For decades, cod has been the foundation of our seafood exports, and it remains a vital contributor to Iceland's economy. However, the rise of salmon farming presents a welcome addition, further strengthening and diversifying the sector. In the first five months of 2024, salmon exports have seen a significant surge, contributing over 13% to the total value of seafood exports and a remarkable 5% to Iceland's overall exported goods. This represents the highest share of exports ever recorded for salmon during this period. With the global demand for salmon continuing its upward trajectory, we expect this valuable fish to play an increasingly important role in Iceland's economic future. By leveraging both established and emerging seafood sectors, Iceland is well-positioned to solidify its place as a leader in the global seafood market.