International Internet Magazine. Baltic States news & analytics
Friday, 28.10.2016, 20:44
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.
Keyword tags: Analytics, Estonia, Foreign trade , Markets and Companies, Statistics
The global timber price index GSPI was up 4.2% in the 2Q/16 after having fallen to the lowest level since 2009 in early 2016, according to the Wood Resource Quarterly (WRQ), WRQ representative Hakan Ekstrom informs BC.
According to Statistics Estonia, in July 2016, the exports of goods decreased by 6% and imports by 4% compared to July of the previous year. The fall in the exports and imports of goods was influenced the most by the trade with European Union countries.
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to June, in July 2016 Latvian foreign trade turnover at current prices decreased by 2.0%, as the exports value of goods dropped by 3.0% and the imports value fell by 1.1%. In July, Latvia exported goods in the amount of EUR 790.6 mln, and imported goods in the amount of EUR 973.5 mln. The foreign trade balance worsened, as exports in the total foreign trade value dropped to 44.8% (in June 2016 – 45.3%).
Although dairy, meat and fish producers have been actively looking for, and finding, new markets since Russia's embargo, they have not been able to consolidate their foothold in all of the new markets during the past one-and-a-half years, which means that more active state support is necessary, according to the Agriculture Ministry's report that the government will review at its next meeting on September 6, reports LETA.
FL Technics, an aircraft maintenance, repair and overhaul (MRO) services company that is part of the Lithuanian-owned, Warsaw-listed aviation group Avia Solutions Group (ASG), will represent the UK ground equipment manufacturer Semmco, reports LETA/BNS.