Analytics, Baltic Export, EU – Baltic States, Foreign trade

International Internet Magazine. Baltic States news & analytics Saturday, 27.04.2024, 00:39

Baltic States register EU's almost fastest increases in exports in January-May

Nina Kolyako, BC, Riga, 13.08.2010.Print version
Latvia's exports in the first five months of 2010 increased by 22% from the same period last year, which was the fourth fastest increase among the European Union member states, according to data that the EU statistical office Eurostat released on Friday. Exports from Bulgaria and Lithuania also increased 22% in the first five months.

Malta registered the steepest increase in exports of 35%, followed by Estonia – 26%, and Romania – 25%.

 

Only Ireland and Luxembourg exported less in the first five months than in January-May 2009, by 4% and 5% respectively.

 

Latvia also registered the EU's second smallest increase in imports – 5%, with the imports volume increasing the least in Bulgaria – 3%.

 

Sweden's imports grew 26%, Lithuania registered 23% growth, whereas Czech Republic, Estonia, Netherlands and Poland – 20% each.

 

Only three member states reported decreases in imports – Ireland and Greece (6% each) and Luxembourg (3%). In Denmark, the volume of imports remained unchanged.

 

Latvia's trade deficit in the first five months decreased to EUR 0.5 billion from EUR 0.8 billion a year ago.

 

Of all EU member states, Germany had the largest trade surplus of EUR 60.2 billion, whereas Great Britain had the largest trade deficit of EUR 42.8 billion.





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