bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 17.08.2017 | Name days: Oļegs, Vineta
LatviaLatvia

Exports and imports value decreases in Latvia

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to June, Latvian foreign trade turnover at current prices decreased by 2.0 % in July 2016. Exports value of goods dropped by 3.0 % and the imports value fell by 1.1 %.

In July, Latvia exported goods in the amount of EUR 790.6 million, and imported goods in the amount of EUR 973.5 million. The foreign trade balance worsened, as exports in the total foreign trade value dropped to 44.8 % (in June 2016 – 45.3 %).

Main changes in exports in July, compared to June, included the following: exports of wood and articles of wood reduced by EUR 14.8 million or 10.2 %; exports of basic metals and articles of basic metals dropped by EUR 10.6 million or 15.1 %; exports of prepared foodstuffs fell by EUR 10.6 million or 15.0 %; exports of vegetable products decreased by EUR 8.2 million or 30.4 %; exports of vehicles and associated transport equipment increased by EUR 29.8 million or 54.2 %.

Main changes in imports in July, compared to June, included the following: imports of vehicles and associated transport equipment dropped by EUR 20.4 million or 19.0 %; imports of mineral products decreased by EUR 8.6 million or 8.9 %; imports of basic metals and articles of basic metals fell by 6.9 million euros or 8.9 %; imports of machinery and mechanical appliances; electrical equipment grew by EUR 6.6 million or 3.2 %; imports of plastics and articles thereof, rubber and articles thereof grew by EUR 3.8 million or 7.1 %.

In July, the main export partners in trade with the EU countries were Lithuania (17.6 % of total exports), Estonia (12.5 %), Germany (6.9 %) and the United Kingdom (5.8 %), whereas the main import partners were Lithuania (17.5 % of total imports), Germany (11.9 %), Poland (11.8 %) and Estonia (8.4 %).

Russia was the main partner in trade with third countries; its share in total Latvian exports in July accounted for 7.8 %, whereas in imports – for 6.7 %.

The rise in exports of ships, boats and floating structures in July 2016, as compared to July 2015, was mainly influenced by the increase in exports of yachts and other vessels for pleasure or sports; rowing boats and canoes by EUR 39.2 million.

In turn, exports of beverages, spirits and vinegar reduced, as exports of spirits dropped by EUR 9.7 million or 39.5 %.The rise in imports of wood and wood products; wood charcoal in July 2016, as compared to July 2015, was affected by the increase in imports of particle boards by EUR 1.2 million or 2.4 times. In turn, a decline in the imports of semi-finished products of iron or non-alloy steel of EUR 10.1 million or of 99.6 % had the most significant effect on the imports of iron and steel.

Ref: 102.109.109.9712


Leave a reply

Suspects in Europe's insecticide egg scandal before Dutch court

In the Netherlands, two men have been in court in relation to the scandal of eggs containing banned insecticide that has caused an EU-wide health scare and cost millions of euros of damages.

Indian national with fake documents apprehended on Latvian border

An Indian citizen travelling from Moscow on a bus was caught at Terehovo border control point in Latvia for presenting officers a fake EU family member’s resident card. No criminal process was launched. The person returned to the country he was travelling from.

Latvijas dzelzceļš will not have to pay dividends from last year’s profits

The government decided on Wednesday, 16 August, that Latvijas dzelzceļš will not have to pay dividends from last year’s profits, which were EUR 880,998.

Latvian citizenship provided to 103 people

The Cabinet of Ministers has issued an order to provide Latvian citizenship to 103 people through naturalization.

Estonian Inbank's profits reach EUR 5.7 million in six months

Estonian financial services' provided Inbank made a profit of 5.7 million euros in the first half of 2017, which is a 429.4% increase compared to the respective period in 2016.

Agriculture Ministry invites residents to sign up for measures to support fisheries

From 21 August onward, Rural Support Service plans to start accepting applications for projects to receive support from European Maritime and Fisheries Fund’s action plan for development of fisheries in 2014-2020 as part of projects Innovation, Productive Investments in Aquaculture and Fishing and Aquaculture project processing.

Estonia seeks to improve reputation of state as employer

As the Estonian Ministry of Finance wishes to boost the reputation and brand of the Baltic country's public sector, it has announced a procurement tender aimed at preparing an action plan for reaching these goals.

Warning: there may be short-term problems with Swedbank internet banking functionality

Because of Swedbank’s planned IT modernization work scheduled for the night to Thursday, 17 August, there may be short term problems with payment card and internet banking functionality, the bank warns.

Aseradens: neither Usakovs nor Lembergs should be allowed to become prime minister

If he became chairman of Unity, Economy Minister Arvils Aseradens would mobilize democratic forces to prevent the possibility of either Aivars Lembergs or Nils Usakovs becoming prime ministers, Aseradens said in an interview to 900 seconds programme of LNT.

Caksa believes increasing wages for doctors would improve politicians’ credibility

The planned wage increase in healthcare could be the first step towards improving politicians’ credibility, says Healthcare Minister Anda Caksa.

Bill Gates donates USD 4.6 billion, reduces shares in Microsoft

The co-founder of the U.S. computer software firm Microsoft, Bill Gates, has allocated to charity 4.6 billion U.S. dollars (3.9 billion euros), which is the philanthropist's highest donation since the year 2000.

LOSP proposes using electronic packing slip system to reduce fraud

An electronic packing slip system for goods would be invaluable for agricultural goods, because it would help push out and reduce VAT fraud, says Latvian Agricultural Organisation Cooperation Council.

Latvia and Russia agree on exchange of additional 3,000 universal permits for cargoes

Latvia and Russia will exchange 7,000 universal permits for international cargo transports in 2017. This will be the largest universal permit volume in the past 15 years, as reported by Road Directorate.

Sierra Leone hit by tragic mudslide

A tragic mudslide has taken place in Sierra Leone, where flooding in the capital Freetown caused a mudslide, in which nearly 400 people have been have died.

Talks with potential KVV Liepājas metalurgs buyers to conclude in August

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis.

Estonian e-Residency programme in deal with Paymentwall

International payments facilitator Paymentwall in collaboration with the Estonian programme of e-Residency program started this week Passport, a new service, with which businesspeople around the world will have the opportunity to found an EU company and access payment and other supporting services via internet.

Prosecutor: in parallel to Oligarch case, KNAB also worked on other cases

In parallel to the investigation of the so-called oligarch case, Corruption Prevention and Combating Bureau also continued working on other cases, said chief prosecutor Modris Adlers.

62.2% of Latvia’s population was employed in Q2 2017

Since Q2 2016, the employment rate in Latvia has increased by 0.8 percentage points. In Q2 2017, Latvian employment rate (62.6 %) was the highest recorded since Q2 2008 (63.1 %).

LIZDA: many uncertainties about education process appear just prior to the school year

Two weeks prior to the beginning of the new school year there are many uncertainties about the education process and teachers’ wages, said Latvian Education and Science Workers' Union chairperson Inga Vanaga in an interview to 900 seconds programme of LNT.

Several candidates to compete for the post of chairman of Unity

Economy Minister Arvils Aseradens, deputy chairman of Unity Edvards Smiltens and Riga City Council deputy Vilnis Kirsis intend to compete with one another for the post of head of Unity, as confirmed by the party’s representative Elina Bivina.

City of Tallinn urged to quit paying PBK TV 500,000 euros

Tallinn city government should allocate the 500 000 currently spent per year in buying television programmes in the Russian-language TV channel PBK to the Estonian state Russian-language TV channel, ETV+.

Latvia’s wealthiest mayors – Lembergs, Sesks and Pozarnovs

Latvia’s wealthiest mayors in 2016 were Ventspils Mayor Aivars Lembergs, who remains suspended from his post due to multiple criminal processes against him, Liepaja’s Mayor Uldis Sesks and the new head of Baldone County Council Andrejs Pozarnovs, according to information from LETA.

DNB says it has no plans to change ATM system for its clients

Commission for money withdrawal from DNB Bank’s ATMs has been introduced by Swedbank and only for its own clients, DNB Bank’s representatives say.

Rinkevics proposes continuing cooperation with Switzerland

Switzerland’s Extraordinary and Plenipotentiary Ambassador to Latvia Konstantin Obolensky says he is prepared to work to develop relations between the two countries, as well as maintain close ties with Latvian institutions and its people.

BATL: Augulis’ goal is reaching an agreement on increase of cargoes for Latvia

Baltic Association – Transport and Logistics has sent an invitation to Latvia’s Transport Minister Uldis Augulis and Russian Federation’s Transport Minister Maksim Sokolov to find a solution for the catastrophic situation with cargo flow from Russia.

Newest comments