International Internet Magazine. Baltic States news & analytics
Friday, 30.09.2016, 21:37
According to Statistics Estonia, in July 2016, the exports of goods decreased by 6% and imports by 4% compared to July of the previous year. The fall in the exports and imports of goods was influenced the most by the trade with European Union countries.
Keyword tags: Analytics, Estonia, Export, Foreign trade , Statistics
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to June, in July 2016 Latvian foreign trade turnover at current prices decreased by 2.0%, as the exports value of goods dropped by 3.0% and the imports value fell by 1.1%. In July, Latvia exported goods in the amount of EUR 790.6 mln, and imported goods in the amount of EUR 973.5 mln. The foreign trade balance worsened, as exports in the total foreign trade value dropped to 44.8% (in June 2016 – 45.3%).
Although dairy, meat and fish producers have been actively looking for, and finding, new markets since Russia's embargo, they have not been able to consolidate their foothold in all of the new markets during the past one-and-a-half years, which means that more active state support is necessary, according to the Agriculture Ministry's report that the government will review at its next meeting on September 6, reports LETA.
FL Technics, an aircraft maintenance, repair and overhaul (MRO) services company that is part of the Lithuanian-owned, Warsaw-listed aviation group Avia Solutions Group (ASG), will represent the UK ground equipment manufacturer Semmco, reports LETA/BNS.
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to May, in June 2016 Latvian foreign trade turnover at current prices decreased by 2.4%, as the exports value of goods declined by 3.1 % and the imports value dropped by 1.8%.
The export of services exceeded import in the first quarter of 2016 in almost all Estonian counties with the exception of the Hiiu and Polva counties, data of Statistics Estonia show, cites LETA/BNS.