International Internet Magazine. Baltic States news & analytics
Tuesday, 10.12.2013, 04:32
A deficit of LVL 127.1 million (3% of predicted gross domestic product) formed in Latvia's current account in the third quarter of 2013, informs LETA/Nozare.lv.
Keyword tags: Banks, EU – Baltic States, Financial Services, Foreign trade , Latvia
Over the last decade of 2013, EU28 international trade in goods with the 6 Eastern Partnership countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) grew significantly, despite a strong decline in 2009. From 2002 to 2012, EU28 exports to the Eastern Partners increased from EUR 11.9 billion to a peak of 39.5 billion, informs LETA/ELTA.
Latvia's exports increased 2% in January-August 2013 – the 11th steepest increase in the European Union, according to the latest data from the EU's statistical office Eurostat, cites LETA.
Provisional data compiled by the Central Statistical Bureau of Latvia show that, in comparison with the nine months of 2012, exports of goods (at current prices) during the nine moths of 2013 has grown by LVL 165.0 million (EUR 234.7 million) or by 3.3%, while imports – only by LVL 33.9 million (EUR 48.3 million) or by 0.5%.
According to Statistics Estonia, in September 2013, exports of goods decreased by 8% and imports by 2% at current prices compared to September of the previous year. Exports and imports have declined for four successive months, compared to the same month of the previous year. During the nine months of 2013, exports declined by 1% compared to the same period of 2012.
Provisional data of the Central Statistical Bureau of Latvia show that, in comparison with August, exports value of goods at current prices in September 2013 has grown by 9.8%, while imports value has risen by 3.7%.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2013 amounted to LTL 7.4 billion, imports – LTL 8.1 billion. Exports of goods of Lithuanian origin amounted to LTL 4.7 billion. The foreign trade deficit of Lithuania amounted to LTL 0.7 billion.