International Internet Magazine. Baltic States news & analytics
Friday, 02.12.2016, 22:08
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2016 amounted to EUR 2 bln, imports – EUR 2.1 bln. Exports of goods of Lithuanian origin amounted to EUR 1.2 bln. The foreign trade deficit of Lithuania amounted to EUR 86.8 mln.
Keyword tags: Analytics, Foreign trade , Lithuania, Markets and Companies, Statistics
– Complex exports of Lithuanian-origin goods to the euro area and the victory of Donald Trump in the US presidential elections has caused considerable confusion in markets of enhanced uncertainty, says Nerijus Cerniauskas, economist of the Macroeconomic and Forecasting Division at the central Bank of Lithuania.
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to August, in September 2016 Latvian foreign trade turnover at current prices grew by 4.2%, as the exports value of goods rose by 9.8%, whereas the imports value decreased by 0.5%.
Following successful launch and implementation of Invest Easy portal developed by multinational full-service strategic change and technology company Nortal, Oman made an unprecedented leap in the Ease of Doing Business Ranking of World Bank’s annual Doing Business 2017 report, jumping 127 places in category ’Starting a Business’ compared to previous year, Nortal representative told BC.
According to Statistics Estonia, in August 2016, the exports of goods increased by 12% and imports by 8% compared to August of the previous year. Export growth was faster than import growth and reduced the trade deficit, which was at the lowest level of this year.
The global timber price index GSPI was up 4.2% in the 2Q/16 after having fallen to the lowest level since 2009 in early 2016, according to the Wood Resource Quarterly (WRQ), WRQ representative Hakan Ekstrom informs BC.
According to Statistics Estonia, in July 2016, the exports of goods decreased by 6% and imports by 4% compared to July of the previous year. The fall in the exports and imports of goods was influenced the most by the trade with European Union countries.