International Internet Magazine. Baltic States news & analytics
Friday, 25.04.2014, 00:18
Latvia's exports in January 2014 reduced by 3% when compared with the same month last year, which is the third smallest reduction in the EU, according to Eurostat.
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 February 2014 amounted to LTL 6.2 billion, imports – LTL 6.5 billion. Exports of goods of Lithuanian origin amounted to LTL 3.6 billion. Exports increased by 5.9% and imports by 1.4%.
Provisional data of the Central Statistical Bureau show that in February 2014 compared to previous month exports value of goods at current prices grew by 7.9%, but imports value of goods – by 2.8%. In February Latvia exported goods in amount of 797.1 mln euros, but imported – in amount of 942.9 mln euros.
In 2013, total trade volumes between Latvia and Sweden reached EUR 1.2 billion, which makes the Scandinavian country Latvia's sixth most important trade partner, the Investment and Development Agency of Latvia informs, cites LETA/Nozare.lv.
The surplus balances of services and of current transfers, as well as the narrowing foreign trade and income balance deficits, led to the build-up of a 732.1 million litas current account balance (CAB) surplus in Lithuania's balance of payments in the fourth quarter 2013, the Statistics Department of the Bank of Lithuania said in a statement, cites LETA.
If Lithuanian export to Russia was disturbed, LTL 200 million (EUR 58 million) would be allocated to the promotion of foreign trade, says Prime Minister Algirdas Butkevicius, cites LETA/ELTA.
Latvia's exports in 2013 reduced by 1%, which is the smallest reduction in the EU, according to 'Eurostat'' The Czech Republic also registered a 1% reduction in exports, writes LETA.