International Internet Magazine. Baltic States news & analytics
Tuesday, 13.10.2015, 21:25
Provisional data of the Central Statistical Bureau (CSB) show that in August 2015 as compared to July foreign trade turnover at current prices fell by 7.0%, of which exports value of goods reduced by 7.8% and imports value of goods – by 6.4%.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Latvia
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in August 2015 amounted to EUR 1.847 billion, imports – EUR 1.982 billion. Exports of goods of Lithuanian origin amounted to EUR 1.074 billion. The foreign trade deficit of Lithuania amounted to EUR 0.135 billion.
According to Statistics Estonia, in August 2015, exports of goods decreased by 6% and imports by 3% compared to August of the previous year. The decrease in exports was mostly influenced by a fall in the trade of electrical equipment, metals and products thereof, and mineral products.
In July 2015, compared with June 2015, prices of exported goods in Lithuania decreased by 1.4%, while prices of imported goods decreased by 1.3%, reports LETA/ELTA.
The biggest share of exports and imports of services held by transportation and storage in Estonia in H122.09.2015
According to Statistics Estonia, in the first half of 2015, the biggest share of exports and imports of services was held by transportation and storage, which gave 31% of Estonia’s total services exports and 17% of total services imports.
The surplus balances of services and secondary income in the second quarter of 2015 did not offset the increasing foreign trade and primary income balances deficits; thus, a current account deficit of EUR 517.8 million built up. The current account deficit for the first half year amounted to EUR 872.9 million, informs LETA/ELTA.
A EUR 129.6 million current account deficit was recorded in the country's balance of payments for July 2015; it was driven by the deficits in the balances of foreign trade (EUR 208.4 million) and primary income (EUR 123.8 million), the Bank of Lithuania reports BC.