Analytics, Baltic Export, EU – Baltic States, Foreign trade , Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 23:00

Latvia exports, imports less than Lithuania, Estonia in January-August

BC, Riga, 06.11.2017.Print version
During the first eight months of 2017 Latvia still trailed behind its Baltic neighbors Estonia and Lithuania by export and import volumes and also showed the widest trade gap among the Baltic states, the Latvian Central Statistical Bureau said, cites LETA.

In the first eight months of 2017, Latvian exports totaled EUR 7.213 billion, while Lithuanian exports were worth EUR 16.928 billion and Estonia's exports added up to EUR 8.427 billion.


In January-August this year, the European Union (EU) received 73% of total Latvian exports, 59% of total Lithuanian exports and 72% of total Estonian exports.


In the first eight months of this year, Latvia shipped 17% 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 in the first eight months of 2017 amounted to EUR 9.118 billion, while Lithuania imported goods worth EUR 18.692 billion and Estonian imports totaled EUR 9.809 billion.


EU member states provided 77% of Latvian imports, 70% of Lithuanian imports and 82% of Estonian imports.


In January-August 2017, Latvia received 19% 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 8% of its January-June imports from Latvia and 9% from Lithuania.


In January-August 2017, all three Baltic states showed negative foreign trade balances, with Latvia reporting the widest trade gap in the Baltics at EUR 1.906 billion. Lithuania had a trade deficit of EUR 1.764 billion, and Estonia showed a trade gap of EUR 1.382 billion.






Search site