International Internet Magazine. Baltic States news & analytics
Tuesday, 23.09.2014, 01:15
During the first six months of 2014, Latvia's export has remained unchanged, as compared to the same period in 2013, as information provided by Eurostat indicates, cites LETA.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade
In July 2014, the build-up of the Lithuanian current account balance (CAB) in surplus (LTL 86.3 million/EUR 25 million) was driven by the services and secondary income balances surpluses, which offset the foreign trade and primary income balances deficits, reports LETA/ELTA, referring to the Statistics Department of the Bank of Lithuania.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in July 2014 amounted to LTL 7.4 billion, imports – LTL 8.1 billion. Exports of goods of Lithuanian origin amounted to LTL 4 billion. The foreign trade deficit of Lithuania amounted to LTL 0.7 billion.
Provisional data of the Central Statistical Bureau show that in July 2014 compared to the previous month exports value of goods at current prices rose by 9.0%, and imports value of goods – by 6.9%. In July Latvia exported goods in the amount of 848.4 mln euros, but imported – in the amount of 1,055.1 mln euros.
According to Statistics Estonia, in July 2014, exports of goods increased by 6% and imports remained on the same level compared to July of the previous year. It was the biggest increase in exports in the last 14 months compared to same period of the previous year.
Estonia's current account deficit was surprisingly replaced by a surplus in the second quarter since net export was positive after a long time, Estonia's central bank Eesti Pank said, cites LETA.
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.