Kristiansund is known as the major bacalao city of Norway. Bacalao is made of salted, dried codfish, and has traditionally been exported in large amounts to Spain, Portugal and Latin America as food suitable during Lent. In recent years Kristiansund has become the major oil and gas city at the mid-northwestern coast. Oil companies like Royal Dutch Shell and Statoilhave offices in Kristiansund from where they serve their offshore installations at Haltenbanken (one of the northernmost underwater oil fields in the world).
Due to the city's heavy involvement in fish processing and international shipping, there used to be as many as seven consulates in Kristiansund, mainly to Latin countries. Currently, there are only five left: Britain, Finland, Latvia, the Netherlands, and Portugal