Export grew 16.5 percent year-on-year to NOK 90.2 billion (€10.8 billion), driven by high exports of oil and gas combined with a leap in the export of mainland goods. Imports ended at NOK 41.4 billion (€4.9 billion) – down 3.8 percent.
The increase in oil export is caused by both higher prices and higher volume. Norway exported 43.4 million barrels of crude oil in January 2014, 30 percent more than a year ago. The price has gone up from NOK 632 (€74.6) per barrel in January 2013 to NOK 671 (€80.4) in 2014. To a large degree, this increase is caused by the weakening of the Norwegian krone, Statistics Norway reports.
New record in export from mainland Norwegian export of mainland goods (oil and gas excluded) rose more than ten percent from 2013 and reached a record of NOK 33.9 billion (€4.0 billion) in January. Export of vessels and drillings rigs increased 297 percent. Import of these commodities sank 73 percent at the same time.
Fish exports also grew significantly, up 24.2 percent to NOK 5.8 billion (€695.1 million) in January. The climb is mainly a result of higher export value of fresh salmon, which rose from NOK 846 million (€101.4 million) to NOK 3 billion (€359.5 million). The increased value of salmon exports is due to the higher price of salmon. The price of a kilo of salmon rose 40 percent in a year.
Finnmark on top three Norway’s northernmost county Finnmark exported mainland goods for NOK 643 million (€77 million) in January 2014. This is up 39.5 percent from the same month in 2013. Only two other counties in Norway had a higher export growth than Finnmark, newspaper Finnmarken writes.
Fisheries and mineral extraction are the most important mainland industries contributing to rapid growth in exports from Finnmark.
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.