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Friday, 04.09.2015, 10:44
Latvia's current account deficit increased to EUR 148.3 million or 2.4% of gross domestic product in the second quarter of 2015, reports LETA.
Keyword tags: Banks, Financial Services, Foreign trade , Investments, Latvia
The first estimate for euro area exports of goods to the rest of the world in June 2015 was EUR 182.7 billion, an increase of 12% compared with June 2014 (EUR 162.7 billion). Imports from the rest of the world stood at EUR 156.4 billion, a rise of 7% compared with June 2014 (EUR 146.7 billion). As a result, the euro area recorded a EUR 26.4 billion surplus in trade in goods with the rest of the world in June 2015, compared with +EUR 16.0 billion in June 2014, writes LETA/ELTA.
Provisional data of the Central Statistical Bureau (CSB) show that in June 2015 as compared to May foreign trade turnover at current prices grew by 3.8%, of which exports value of goods increased by 1.6% and imports value of goods – by 5.6%. In June, Latvia exported goods in the amount of 810.5 mln euros, and imported – in the amount of 1 040.6 mln euros.
According to Statistics Estonia, in June 2015, exports of goods increased by 3% and imports by 1% compared to June of the previous year. In the first half-year of the year 2015, exports decreased by 1% and imports by 4% compared to the same period of the previous year.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in June 2015 amounted to EUR 2 billion, imports – EUR 2.3 billion. Exports of goods of Lithuanian origin amounted to EUR 1.1 billion. The foreign trade deficit of Lithuania amounted to EUR 0.3 billion.
The European Union seasonally adjusted external current account recorded a surplus of EUR 13.0 billion in May 2015, compared with a surplus of EUR 11.9 billion in April 2015 and a surplus of EUR 4.8 billion in May 2014, said Eurostat, the statistical office of the European Union, cites LETA/ELTA.
The first estimate for euro area exports of goods to the rest of the world in May 2015 was EUR 164.4 billion, an increase of 3% compared with May 2014 (EUR 160.2 bln). Imports from the rest of the world stood at EUR 145.6 bln, nearly stable compared with May 2014 (EUR 145.5 bln). As a result, the euro area recorded a EUR 18.8 bln surplus in trade in goods with the rest of the world in May 2015, compared with +EUR 14.7 bln in May 2014, informs LETA/ELTA.