International Internet Magazine. Baltic States news & analytics
Thursday, 27.11.2014, 03:32
The provisional data of the Central Statistical Bureau (CSB) show that in the first nine months of 2014 the volume of goods exported at current prices, as compared to the nine months of the previous year, increased by EUR 144.1 mln or 2.0%, but volume of imports reduced by EUR 103.2 mln or 1.1%.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Latvia
In September 2014, the build-up of the current account balance (CAB) in surplus (LTL 346.8 million, or EUR 100.4 million) was driven by growth in the surplus balances of secondary income and capital account, as well as the remaining surplus in the balances of services, writes LETA/ELTA.
Provisional data of the Central Statistical Bureau (CSB) show that in September 2014 compared to previous month exports value of goods at current prices grew by 12.7%, but imports value of goods – by 15.2%.
According to Statistics Estonia, in September 2014, exports of goods increased by 7% and imports by 9% at current prices compared to September of the previous year. The increase in exports and imports was mostly influenced by the trade of electrical equipment and raw materials and products of chemical industry.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2014 amounted to LTL 7.8 billion (EUR 2.3 billion), imports – LTL 8.2 billion (EUR 2.4 billion). Exports of goods of Lithuanian origin amounted to LTL 4.4 billion (EUR 1.3 billion).
Latvia's exports in the first seven months of the year 2014 increased by one% when compared with the same period last year, which is the smallest increase in the EU, according to Eurostat. Meanwhile, Lithuania saw a two% reduction in exports, while Estonia registered a 5% reduction, writes LETA.
In August 2014, the build-up of the current account balance (CAB) in surplus (LTL 552.9 million, or EUR 160.1 million) was driven by a strong decline in the trade balance deficit, as well as the remaining surplus in the balances of services, secondary income and capital account, reports LETA/ELTA.