International Internet Magazine. Baltic States news & analytics
Monday, 10.03.2014, 23:48
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in January 2014 amounted to LTL 5.9 billion, imports – LTL 6.4 billion. Exports of goods of Lithuanian origin amounted to LTL 3.5 billion. The foreign trade deficit of Lithuania amounted to LTL 0.5 billion.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania
In 2013, Latvia's current account deficit was smaller than in previous years – EUR 191.1 million, 0.8% of the predicted gross domestic product (GDP), Bank of Latvia economist Ieva Opmane writes in the makroekonomika.lv economic news portal, cites LETA.
Although growth slowed in Estonian exports in 2013, market share increased in the markets of Estonia’s eleven main trading partners a little faster than before in the first three quarters of the year, and was 5.5% bigger over the year, LETA/Eesti Pank announced.
Trade in Services Agreement (TiSA) aims at opening up markets in services among those World Trade Organisation's (WTO) members who are willing to push ahead with liberalisation faster than the WTO’s general membership. All EU member states take part in negotiations (out of 51 WTO members); however, due to exclusive character of the trade agreement, the European Commission is participating as a single legal tender.
According to Lithuania Statistics, in December 2013, as compared to November 2013, the export prices went down by 0.4% and import prices went up by 0.4%, cites LETA/ELTA.
In 2013 Latvia exported goods in amount of 10.0 billion euros, but imported – in amount of 12.5 billion euros. The provisional data of the Central Statistical Bureau show that the value of goods exported at current prices increased by EUR 147.3 mln (LVL 103.5 mln) or by 1.5%, but at the same time value of imports reduced by EUR 24.8 mln (LVL 17.4 mln) or by 0.2% as compared to 2012.
The build-up of the LTL 43.7 million (EUR 12.6 million) current account balance (CAB) surplus in December 2013 was driven by the surplus balance of current transfers and services, as well as the decreasing trade and income balance deficits (compared to November). The January-December 2013 CAB balance has built up in deficit for the seventh time, informs LETA/ELTA.