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Monday, 27.04.2015, 20:05
Latvia's exports in the first two months of the year 2015, compared to the same period last year, reduced by 2%, according to Eurostat. Thus, Latvia registered one of the smallest reductions in exports in the EU, writes LETA.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade
In February 2015, Lithuania's balance of payments recorded a EUR 28 million deficit on its current account; its build-up resulted from trade deficit (EUR 165 million) and the narrowing of the surpluses on the balances of services (EUR 103.3 million), primary income (EUR 22 million) and secondary income (EUR 11.6 million), announced LETA/ELTA the Bank of Lithuania.
According to Statistics Estonia, in February 2015, exports of goods decreased by 7% and imports by 4% compared to February of the previous year. The decrease in exports and imports was mostly influenced by a fall in the trade of mineral products and mechanical appliances.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in February 2015 amounted to EUR 1.7 billion (LTL 6 billion), imports – EUR 1.9 billion (LTL 6.7 billion). Exports of goods of Lithuanian origin amounted to EUR 1 billion (LTL 3.4 billion). Over the month (February 2015, against January), exports increased by 11.4, imports – by 13.5%.
Provisional data of the Central Statistical Bureau (CSB) show that in February 2015 compared to January exports value of goods at current prices reduced by 2.0%, but imports value of goods – increased by 1.2%.
Based on trade value, Russia, Latvia, and Poland were Lithuania's top three partners in exports of goods in 2014, Eurostat, the statistical office of the European Union, said. Last year, Russia accounted for 21% of all Lithuanian exports, Latvia – 9%, and Poland – 8%, cites LETA/ELTA.
Latvia's exports in January 2015, compared to January 2014, increased by 2%, according to Eurostat. Meanwhile, Estonia saw a 1% increase in exports in January, while Lithuania registered a drop of 9%, reports LETA.