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Sunday, 22.01.2017, 14:13
According to the data of the Central Statistical Bureau (CSB), the Latvian external trade turnover dropped slightly (0.6%) month-on-month. Within a month, the goods export and import values dropped by 0.1% and 1.1% respectively. Year-on-year, the goods export and import values posted positive growth by 3.4% and 3.2% respectively, which is a good performance, given the still low level of external demand.
Keyword tags: Analytics, Banks, Export, Financial Services, Latvia, Markets and Companies, Statistics
Lithuania and Latvia were the two Balts to post a decline in exports in the January-November period of 2016 year-on-year, while Estonia observed an increase, Eurostat said on Monday.
According to Statistics Estonia, in November 2016, the exports of goods increased by 6% and imports by 7% compared to November 2015. The rise in exports was influenced the most by an increase in the exportation of wood and articles of wood and mechanical appliances and the rise in imports by an increase in the importation of base metals and articles of base metal.
Provisional data of the Central Statistical Bureau (CSB) show that, compared to October, in November 2016 Latvian foreign trade turnover at current prices decreased by 0.6%, as the exports value of goods fell by 0.1 % and the imports value of goods dropped by 1.1 %. In November, Latvia exported goods in the amount of EUR 970.3 mln and imported goods in the amount of EUR 1.1 bln. The foreign trade balance improved slightly, as the exports in the total foreign trade value increased up to 47.0% (46.8% in October).
In the first ten months of 2016 Latvia still trailed behind its neighbors Estonia and Lithuania by export and import volumes while Lithuania showed the largest trade deficit, according to the Latvian Central Statistical Bureau writes LETA.