International Internet Magazine. Baltic States news & analytics
Friday, 20.01.2017, 11:57
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.
Keyword tags: Analytics, Estonia, Export, Foreign trade , Statistics
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to September, in October 2016 Latvian foreign trade turnover at current prices grew by 4.1%, as the exports value of goods rose by 1.9% and the imports value increased by 6.1%. In October, Latvia exported goods in the amount of EUR 971.3 mln, and imported goods in the amount of EUR 1.1 bln. The foreign trade balance worsened, as exports in the total foreign trade value dropped to 46.8% (in September – 47.8%).
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.
– 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.