International Internet Magazine. Baltic States news & analytics
Wednesday, 29.03.2017, 00:34
All three Baltic countries posted year-on-year growth in exports in January, figures from the EU statistical office Eurostat showed on Friday.
Keyword tags: Analytics, EU – Baltic States, Export, Statistics
Inflation continued to rise in Estonia, and it was at its fastest for four years in February. Inflation is being driven by higher global prices for oil and food, and by higher excise rates. Core inflation has also risen in recent months because of service prices
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.
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.