Analytics, Baltic Export, EU – Baltic States, Latvia

International Internet Magazine. Baltic States news & analytics Tuesday, 22.07.2014, 14:22

Latvia records EU's steepest increase in exports in January-April

Gleb Vasiljev, BC, Riga, 17.08.2012.Print version
In the first four months of the year, Latvia's exports increased 16 percent from the respective period in 2011, the steepest increase in the European Union, according to the latest data from the EU's statistical office Eurostat. Lithuania's exports grew 14 percent. Estonia's exports grew 5 percent.

Considerable export increases, according to seasonally unadjusted data, were also recorded in Lithuania - 14 percent, Greece - 13 percent, as well as Slovakia - 10 percent.

 Only three member states registered export decreases in January-April - Bulgaria and Hungary - 2 percent each, Ireland - 3 percent.

Estonia's exports grew 5 percent.

 Spain, Romania, Finland, Sweden and Great Britain did not register any changes in their exports in the first four months of 2012.

 Meanwhile, Latvia's imports grew 20 percent in January-April, the largest increase across the EU, reported LETA.

 Lithuania and Great Britain recorded 12 percent increases in their imports, Bulgaria - 10 percent.

 Estonia's imports rose 3 percent.

 Finland's imports remained unchanged, similarly to Hungary.

Latvia's foreign trade deficit amounted to EUR 0.8 billion (LVL 0.6 billion) in the first four months of the year, compared to EUR 0.4 billion (LVL 0.3 billion) in January-April 2011.






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