International Internet Magazine. Baltic States news & analytics
Friday, 27.02.2015, 15:08
According to Statistics Estonia, in 2014, exports from Estonia amounted to 12.1 billion euros and imports to Estonia to 13.7 billion euros at current prices. The trade deficit was 1.6 billion euros and it increased by 126 million euros compared to 2013.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, Estonia, EU – Baltic States, Foreign trade
Provisional data of the Central Statistical Bureau (CSB) show that in December 2014 compared to previous month exports value of goods at current prices reduced by 11.2%, and imports value of goods – by 0.4%. In December, Latvia exported goods in amount of 810.2 mln euros, but imported – in amount of 1 065.8 mln euros. Foreign trade balance worsened as exports in total foreign trade value declined to 43.2% (in November 2014 – 46.0%).
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in December 2014 amounted to EUR 1.9 billion (LTL 6.6 billion), imports – EUR 2.1 billion (LTL 7.3 billion). Over the month (December 2014, against November), exports decreased by 11.2, imports – by 16.3%.
Based on preliminary data of Statistics Lithuania, in 2014 export accounted for EUR 24.4 billion while import for EUR 26.5 billion. Compared with 2013, export decreased by 0.8% while import increased by 1%. Foreign trade deficit was EUR 2.1 billion, reports LETA/ELTA.
In November 2014, compared to October, the prices of exported goods in Lithuania decreased by 1%, while the prices of imported goods went down by 1.8%, reports LETA/ELTA.
Latvia's exports in the first ten months of the 2014 increased by 1% when compared with the same period of the previous year, according to Eurostat, cites LETA.
In November 2014, the build-up of the current account balance (CAB) in deficit (EUR –280.9 million, or LTL –969.8 million) was driven by a significant increase in the trade balance deficit and decreased negative primary income balance, the Bank of Lithuania said, cites LETA/ELTA.