International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 23:21
Provisional data of the Central Statistical Bureau (CSB) show that in February 2017 Latvian foreign trade turnover amounted to EUR 1.82 bln, which was 6.1 % higher than in February 2016 (at current prices), and the exports and imports values of goods were 5.7% and 6.5% higher, respectively.
Keyword tags: Analytics, Foreign trade , Latvia, Statistics
According to Statistics Estonia, in February 2017, the exports of goods increased by 6% and imports by 1% compared February 2016. In February, the exports of goods of Estonian origin grew 9%, while re-exports stayed at the same level as one year ago.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports of goods in February 2017 amounted to 2 bln, imports – EUR 2.2 bln. Exports of goods of Lithuanian origin amounted to EUR 1.2 bln. The foreign trade deficit of Lithuania amounted to EUR 250.2 mln.
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.
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 UAE
“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.