International Internet Magazine. Baltic States news & analytics
Wednesday, 10.02.2016, 14:50
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in December 2015 amounted to EUR 1 882.3 million, imports – EUR 2 092.8 million. Exports of goods of Lithuanian origin amounted to EUR 1 076 million. The foreign trade deficit of Lithuania amounted to EUR 210.5 million.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania
The year 2015 has been comparatively successful for Latvian exporters even though exports to Russia slumped, Citadele economist Martins Abolins said commenting Latvia's foreign trade statistics for 2015, informs LETA.
Provisional data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2015 foreign trade turnover at current prices in Latvia amounted to EUR 22 860.1 million – by EUR 42.9 million or 0.2% less as compared to 2014. Exports value increased by EUR 122.9 million or 1.2%, while imports value decreased by EUR or 165.8 million or 1.3%.
According to Statistics Estonia, in 2015, exports from Estonia amounted to 11.6 billion euros and imports to Estonia to 13.1 billion euros at current prices. Trade has been declining for the last three years but the biggest fall occurred in 2015.
With macroeconomic situation in Russia and other CIS countries getting worse, external environment was not favorable for Lithuania’s exporters in 2015. Even so, they continue to refocus successfully and gain a foothold in new Western markets, Economy Minister has said, cites LETA/BNS.
Central Statistical Bureau of Latvia (CSB) gives small insight into the most topical trends of Latvian economy and society recorded by the official statistics of 2015. The report covers data on the time period from January 2015 to the last reference period available.
Lithuania recorded a current account deficit of 1.047 billion euros for the nine months through September 2015, which accounted for 3.8% of GDP for the period, data released by the central Bank of Lithuania showed on Monday, cites LETA/BNS.