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Friday, 24.03.2017, 23:54
Even though usually January is a month of generally weaker trade activity, the year-on-year growth in exports of goods was positive in January 2017 on account of several factors, among them the rising global prices of oil, food and other goods as well as the recent relatively stable expansion of manufacturing and the recovery of external demand in Latvia's trade partner countries.
Keyword tags: Analytics, Banks, Foreign trade , Latvia
Provisional data of the Central Statistical Bureau (CSB) show that in January 2017 Latvian foreign trade turnover amounted to EUR 1.8 bln, which was 16.1% higher than in January 2016 (at current prices), and the exports and imports values of goods were 13.3 % and 18.5% higher, respectively. In January, Latvia exported goods in the amount of EUR 808.7 mln, and imported goods in the amount of EUR 984.1 mln.
Inflation continued to rise in Estonia, and it was at its fastest for four years in February. Inflation is being driven by higher global prices for oil and food, and by higher excise rates. Core inflation has also risen in recent months because of service prices
The President of Latvia calls for facilitation of the cooperation among the business from Latvia and the UAE27.02.2017
“Latvian enterprises are interested in new sales markets outside the traditional export markets in Europe, therefore the United Arab Emirates, in particular, raise a lot of interest as a potential business destination,” stated President of Latvia Raimonds Vējonis when opening the Latvia - the United Arab Emirates (UAE) Business Forum in Dubai on Sunday, the presedential press service informed.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in December 2016 amounted to 2 016 mln, imports – EUR 2 254 mln. Exports of goods of Lithuanian origin amounted to EUR 1 158 mln. The foreign trade deficit of Lithuania amounted to EUR 238 mln.
Provisional data of the Central Statistical Bureau (CSB) show that in December 2016 Latvian foreign trade turnover at current prices was 9.7% higher than in December 2015, and the exports and imports values of goods were 7.6% and 11.4 % higher, respectively. In December, Latvia exported goods in the amount of EUR 884.5 mln, and imported goods in the amount of EUR 1.1 bln. The foreign trade balance worsened slightly, as exports in the total foreign trade value dropped to 44.0% (in December 2015 – 44.9%).
According to Statistics Estonia, in November 2016, the exports of goods increased by 6% and imports by 7% compared to November 2015. The rise in exports was influenced the most by an increase in the exportation of wood and articles of wood and mechanical appliances and the rise in imports by an increase in the importation of base metals and articles of base metal.