International Internet Magazine. Baltic States news & analytics
Wednesday, 29.06.2016, 12:02
The export of services exceeded import in the first quarter of 2016 in almost all Estonian counties with the exception of the Hiiu and Polva counties, data of Statistics Estonia show, cites LETA/BNS.
Keyword tags: Analytics, Baltic Export, Estonia, Foreign trade , Markets and Companies
All three Baltic States saw a decline in exports in the first four months of 2016, as compared with the same period last year, figures from the EU statistical office Eurostat showed on June 15th, cites LETA/BNS.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in April 2016 amounted to EUR 1 791.2 million, imports – EUR 2 033.9 million. Exports of goods of Lithuanian origin amounted to EUR 983.5 million. The foreign trade deficit of Lithuania amounted to EUR 242.7 million.
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to March, in April 2016 Latvian foreign trade turnover at current prices fell by 1.5%, as exports value of goods rose only by 0.04% and imports value – decreased by 2.7%.
According to Statistics Estonia, in April 2016, the exports of goods increased by 2% and imports by 9% compared to April of the previous year. The imports of goods increased in almost all commodity sections.
The current account of Estonia's balance of payments ran a deficit of 112 million euros, or 2.3% of gross domestic product (GDP), in the first quarter of 2016, the Bank of Estonia said on June 9th, informs LETA/BNS.
Lithuania was the only Baltic country to post a year-on-year increase in exports for the first quarter of 2016, figures from the EU statistical office Eurostat showed on May 17th, cites LETA/BNS.