International Internet Magazine. Baltic States news & analytics
Thursday, 02.10.2014, 03:20
After a significant decrease in 2009, the value of European Union trade in goods with Canada recovered in the following years to reach a peak value for exports of EUR 31.6 billion in 2013. Imports also recovered to a peak value of EUR 30.7 billion in 2011, and then fell to EUR 30.3 billion in 2012 and EUR 27.3 billion in 2013., informs LETA/ELTA.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade , Good for Business
During the first six months of 2014, Latvia's export has remained unchanged, as compared to the same period in 2013, as information provided by Eurostat indicates, cites LETA.
In July 2014, the build-up of the Lithuanian current account balance (CAB) in surplus (LTL 86.3 million/EUR 25 million) was driven by the services and secondary income balances surpluses, which offset the foreign trade and primary income balances deficits, reports LETA/ELTA, referring to the Statistics Department of the Bank of Lithuania.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in July 2014 amounted to LTL 7.4 billion, imports – LTL 8.1 billion. Exports of goods of Lithuanian origin amounted to LTL 4 billion. The foreign trade deficit of Lithuania amounted to LTL 0.7 billion.
Provisional data of the Central Statistical Bureau show that in July 2014 compared to the previous month exports value of goods at current prices rose by 9.0%, and imports value of goods – by 6.9%. In July Latvia exported goods in the amount of 848.4 mln euros, but imported – in the amount of 1,055.1 mln euros.
According to Statistics Estonia, in July 2014, exports of goods increased by 6% and imports remained on the same level compared to July of the previous year. It was the biggest increase in exports in the last 14 months compared to same period of the previous year.
Estonia's current account deficit was surprisingly replaced by a surplus in the second quarter since net export was positive after a long time, Estonia's central bank Eesti Pank said, cites LETA.