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Friday, 25.07.2014, 08:16
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.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade
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.
During the first four months of 2014, export volumes from Latvia increased by 2.1% when compared to the same period last year, announced the Economy Ministry.
In April 2014, the foreign trade deficit amounted to LTL 433.6 million (EUR 125.7 million), narrowing by LTL 146.2 million (EUR 42.4 million) month on month, the Bank of Lithuania informs, cites LETA/ELTA.
Latvia's exports in the first three 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.