International Internet Magazine. Baltic States news & analytics
Tuesday, 21.02.2017, 23:01
According to the data of the Central Statistical Bureau (CSB), the turnover value of the external trade of Latvian goods in December dropped by 2.6% month-on-month, with goods exports dropping by 8.8% and imports increasing by 11.4%. Year-on-year, the goods export and import values posted positive growth by, respectively, 7.6% and 11.4%, which should be considered a good performance.
Keyword tags: Analytics, Direct Speech, Export, Latvia
Latvia last year was one of the six EU member states in which exports in 2016 remained at the same level as in 2015, according to the latest Eurostat data.
Russian veterinary and phytosanitary surveillance service Rosselkhoznadzor has banned 21 Latvian companies from exporting their products to Russia by removing them from the list of companies permitted to export their products to Russia. Another 44 Latvian companies have been temporarily banned from exporting their products to Russia, which is due to a new procedure for registration of exporters to Russia, Rosselkhoznadzor explained LETA.
In the first 11 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.
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.
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.