Analytics, Baltic, Baltic Export, Export, Financial Services
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 12:15
Latvia exports and imports less than Estonia and Lithuania in January-October 2016
In January-October 2016, Latvian exports totaled EUR 8.453 bln,
while Lithuanian exports were worth EUR 18.447 bln and Estonia's exports added
up to EUR 9.836 bln.
During the first ten months of 2016, the European Union (EU)
received 74% of total Latvian exports, 61% of total Lithuanian exports and 74%
of total Estonian exports.
In the ten months of last year, Latvia shipped 18% of its export
goods to Lithuania and 12% to Estonia, while Lithuania shipped 10% of its
export goods to Latvia and 5% to Estonia. Meanwhile, Estonia shipped 9% of its
export goods to Latvia and 6% to Lithuania.
Latvian imports amounted to EUR 10.017 bln, while Lithuania
imported goods worth EUR 20.204 bln and Estonian imports totaled EUR 11.201 bln
in the first ten months of 2016. During the first ten months of last year,
Latvia received 80%, Lithuania 70% and Estonia 84% of total imports from EU
member states.
In January-October 2016, Latvia received 17% of its imports
from Lithuania, while imports from Estonia accounted for 8%. Lithuania received
7% of its total imports from Latvia and 3% from Estonia, and Estonia received 9%
of its imports from Latvia and 9 % from Lithuania.
In January-October 2016 all three Baltic states showed
negative foreign trade balances, with Estonia reporting EUR 1.364 bln in trade
gap. Latvia had a trade deficit of EUR 1.564 bln, and Lithuania showed a trade
gap of EUR 1.757 bln.