The value of cod exports from the Faroe Islands rose by more than 266 million kroner (about 36 million euros) over the past year, new figures from Statistics Faroe Islands show. The rise matters because fish exports are central to the Faroese economy and explain most of the recent trade growth.
Strong growth in total exports
In the 12 months from November 2024 to October 2025, total goods exports reached 13.2 billion kroner (about 1.77 billion euros).
That is roughly 750 million kroner (100 million euros) more than in the previous 12-month period. Fish and fish products accounted for most of the increase, rising by 790 million kroner (about 106 million euros), or almost 7 per cent.
Cod and other species behind the rise
Cod exports increased in value from 1.06 billion kroner (about 142 million euros) to 1.32 billion kroner (about 177 million euros).
That is a 266 million kroner (36 million euros) increase, or 25 per cent. Haddock and saithe also showed strong growth. Mackerel recorded the most significant increase in value, up by more than 857 million kroner (about 115 million euros).
Salmon followed a different trend. Export value fell by 185 million kroner (about 25 million euros), despite higher export volumes. This means the average price per kilo dropped. The value of exports of fishmeal, fish oil and feed also declined.
Europe remains the primary market
Exports of fish products to the European Union rose by 753 million kroner (about 101 million euros). The most substantial growth was in the Netherlands and Poland. Exports to Asia and Africa also increased, while exports to other European countries fell.