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Friday, 22.08.2014, 22:38
In the first half of this year, Latvia exported goods in amount of 4.8 bln euros, but imported – in amount of 6.0 billion euros.
Keyword tags: Analytics, Baltic Export, Foreign trade , Latvia
In June 2014, the build-up of the current account balance (CAB) in surplus (LTL 694.8 million, or EUR 201.2 million) was driven by declines in the trade and primary income balances deficits. The positive financial account balance (LTL 627.6 million, or EUR 181.8 million) was due to the large positive flow of net portfolio investment and of the growing official reserve assets, said the Bank of Lithuania in a statement, cites LETA/ELTA.
Provisional data of the Central Statistical Bureau show that in June 2014 compared to the previous month exports value of goods at current prices decreased by 3.8%, and imports value of goods declined by 0.2%. In June Latvia exported goods in the amount of 778.4 mln euros, but imported – in the amount of 986.6 mln euros.
Latvia's exports in the first four months of the year 2014 increased by 1% when compared with the same period last year, which is the smallest increase in the EU, according to Eurostat, cites LETA.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in May 2014 amounted to LTL 6.9 billion, imports – LTL 7.6 billion.
Provisional data of the Central Statistical Bureaushow that in May 2014 compared to previous month exports value of goods at current prices reduced by 3.6%, but imports value of goods – by 5.0%. In May Latvia exported goods in amount of 809.4 mln euros, but imported – in amount of 988.4 mln euros.
According to Statistics Estonia, in May 2014, exports of goods decreased by 9% and imports by 4% at current prices compared to May of the previous year. The decrease in exports and imports was mostly influenced by a fall in the trade of electrical equipment and mechanical appliances.