The volume of seafood exported by Norway in July slipped 5 percent, raising concerns about the robustness of export markets amid rising global inflation.

The downward trend in July's export volume contrasts sharply with record-setting increases in the value of the seafood Norway sends to global markets.

Norway exported seafood worth NOK 11.6 billion (€1.1 billion/$1.1 billion) in July, representing an increase of NOK 2.1 billion (€210 million/$210 million), or 23 percent, compared to July 2021.

With exports NOK 10 million (€1 million/$1 million) higher than the previous record month, July 2022 was the best single month ever for the country's salmon exports.