International Internet Magazine. Baltic States news & analytics
Tuesday, 18.06.2013, 10:17
Latvia's export increased 6% in the first three months of 2013, the third steepest increase across the European Union, the bloc's statistical office Eurostat reports. According to seasonally-unadjusted data, the steepest increase in export was recorded in Lithuania – 17%, followed by Bulgaria – 13%, writes LETA.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade , Good for Business
According to Statistics Estonia, in April 2013, exports of goods increased by 6% and imports by 8% at current prices compared to April of the previous year. While the foreign trade declined in February and March compared to the previous year, then as of April, the trade increased. The increase in trade was mainly influenced by machinery and equipment.
Provisional data of the Central Statistical Bureau show that in April 2013, compared to March of this year, exports value of goods at current prices rose by 5.0%, but imports value of goods – reduced by 0.5%. In April foreign trade balance improved as exports in total foreign trade value increased to 44.9% (in March of this year – 43.6%), see picture:
The excess foreign trade balance was offset by the growing income balance deficit; therefore, in March 2013, despite a one-third decrease, the current account balance (CAB) recorded a deficit, the Bank of Lithuania said in a statement, writes LETA.
The provisional data of the Central Statistical Bureau show that in the first quarter of the year 2013 the volume of goods exported at current prices increased by LVL 117.1 mln or by 7.7%, but at the same time volume of imports – only by LVL 25.8 mln or by 1.3% as compared to the first quarter of previous year.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in March 2013 amounted to LTL 7476.9 million, imports – LTL 7528.7 million. Exports of goods of Lithuanian origin amounted to LTL 4668.1 million. The foreign trade deficit of Lithuania amounted to LTL 51.8 million.
Provisional data of the Central Statistical Bureau show that in March 2013, compared to February of this year, exports value of goods at current prices increased by 5.3%, but imports value of goods – grew by 14.0%.