Greenland’s Fish Export Dropped Nearly Half a Billion in 2021

Fisheries is one of the most important industries in Greenland. The country’s exports largely consist of fish and shrimps. (Photo: Pro Studio)

The export value of fish products was DKK 4.4 billion in 2021.

Preliminary figures from Statistics Greenland show this.

Compared with 2020, there was a drop in export value of fish products of DKK 459 million in 2021. That constitutes -9.4 percent. Figures show that the value of Greenland’s fish exports in 2021 reached DKK 4.4 billion.

In 2019, export value was more than DKK 5 billion.

As for shrimps, export value has dropped 6.3 percent in 2021, which constitutes some DKK 150 million. This drop is largely due to a 5.8 percent price drop.

Cod export value also dropped with a total of 14.5 percent, equaling DKK 61 million. Volumes have dropped 1.8 percent and the average kilo price has dropped 12.9 percent.

Statistics Greenland says the figures depend on whether or not exporters report to the Tax Office’s customs division in time. Figure development must thus be interpreted with caution as revisions of formerly published figures may occur.

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This article was originally published in Norwegian and has been translated by HNN's Elisabeth Bergquist.

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