bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 18.01.2018 | Name days: Antis, Antons
LatviaLatvia

Latvia’s export proportion in foreign trade declines

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to January, exports value of goods at current prices reduced by 2.0% in February 2015, but imports value of goods had increased by 1.2%.

In February Latvia exported goods in amount of 770.7 million euros, but imported – in amount of 925.6 million euros. Foreign trade balance slightly worsened as exports in total foreign trade value declined to 45.4% (in January 2015 – 46.2%), according to data compiled by the Central Statistical Bureau of Latvia.

In February 2015, compared to January, there were changes in trade with basic metals and articles of basic metals. Exports of these goods reduced by 25.2 million euros or 29.5% as exports of waste and scrap of cast iron dropped by 6.6 million euros or 80.6%. At the same time imports of basic metals and articles of basic metals rose by 18.7 million euros or 25.8% as imports of semi-finished products of iron or non-alloy steel grew from 198 thousand euros to 12.5 million euros or 63 times (majority was imported from Belarus and Russia).

Main changes in exports in February, compared to January: exports of vegetable products decreased by 11.0 million euros or 25.2%; exports of textiles and textile articles increased by 7.5 million euros or 21.9%; exports of machinery and mechanical appliances; electrical equipment grew by 20.6 million euros or 13.6%; exports of plastics and articles thereof increased by 4.7 million euros or 24.3%.

Main changes in imports in February, compared to January: imports of vehicles, aircraft, vessels and associated transport equipment increased by 16.7 million euros or 31.3%; imports of products of the chemical and allied industries grew by 8.9 million euros or 9.7%; imports of mineral products dropped by 28.8 million euros or 22.2%; imports of machinery and mechanical appliances; electrical equipment reduced by 25.2 million euros or 11.6%.

In February main export partners were Lithuania (18.9% of total export), Estonia (12.0%), Poland (6.6%), and Germany (6.3%), but main import partners were Lithuania (16.2% of total import), Poland (11.0%), Germany (10.5%) and Estonia (7.0%).

Increase of exports to CIS countries was affected by its rise to Russia by 18.5 million euros or 41.7% and to Belarus by 13.7 million euros or 3 times (mostly increase was observed in exports of machinery and mechanical appliances; electrical equipment; parts thereof).

The main partner in trade with third countries was Russia, share of which in total Latvian exports in February accounted for 8.2%, but in imports – 8.8%.

In February 2015, compared to February 2014, rise in exports of furniture, other furnishing articles; prefabricated buildings was affected by increase in exports of prefabricated buildings by 3.2 million euros or 2.3 times. But exports of beverages, spirits and vinegar reduced as exports of spirits dropped by 7.7 million euros or 32.3%. Rise in imports of wood and wood products; wood charcoal in February 2015, as compared to February 2014, was affected by the increase in imports of round timber of 1.8 million euros or 27.3%. In its turn, reduction of imports of mineral fuels, mineral oils and products of their distillation was mostly influenced by decrease of imports of natural gas in the gaseous state by 33.3 million euros or 77.0%.

Ref: 102.109.109.3784


Leave a reply

Betsafe: To Latvia from the Heart has laughable chance of entering next Saeima

With declining ratings, Inguna Sudraba’s party To Latvia from The Heart has been left with laughable chances of entering the next Saeima, Betsafe bookmakers say.

EU Affairs Committee: EU Digital Single Market motivated Latvia to perform reforms

European Union’s Digital Single Market strategy offered new opportunities for Latvian businessmen to actively present their services in other member states. The strategy also served as an impulse for the business environment and state administration. The strategy motivates our government to walk the road of reformation more actively and clean up messes that have remained for a long time, said chairperson of Saeima’s European Affairs Committee Lolita Čigāne on Wednesday, 17 January.

Expert: Zhdanok’s decision to leave EP was carefully calculated to revive Latvian Russians Union

The decision made by member of the European Parliament (EP) and leader of Latvian Russians Union (LRU) Tatyana Zhdanok, in accordance with which she intends to leave the European Parliament to instead focus on LRU’s election campaign, was a carefully calculated step to reanimate the party, said dean of Social Sciences Faculty of the University of Latvia Juris Rozenvalds.

Maxima Latvia expects price decline up to 15% in 2018

Following Maxima Latvija’s decision to reduce prices for nearly 1,000 important goods, it is expected that a similar step will be made by other players in the industry. This could mean prices for everyday goods could decline by up to 15%, as BNN was informed by the company.

Latvia’s economy reaches highest peak since 2015

Residents’ mood has improved for most positions of the study. Residents were positive the most about ongoing changes for Latvia’s economy, the value of which has reached its peak since July 2015. In spite of optimistic changes, however, 30% of respondents are critical about ongoing economic changes in Latvia, according to results of the latest Baltic International Bank’s Latvian Barometer.

Riga exchange hopes for new securities issuers this year

There are hopes to see new Latvian businesses release shares on the stock market this year, says chairperson of Nasdaq Riga Daiga Auziņa-Melalksne.

Latvian universities to offer students an innovative grant system

To help develop students’ innovative and business abilities, Latvian Education and Science Ministry has developed a new student grant system, which will focus mainly on supporting innovative projects and research and further improve cooperation between universities and leading businesses to attract human resources, the ministry reports.

Russian sociologists fear closure, quit publishing election polls

Russian leading independent polling organisation Levada Center has stated it has quit releasing results of polls on the country’s spring presidential election citing concern that the authorities could close it down for what they see as meddling in politics.

Court maintains pledge on former LAR leader’s bank accounts and owned property

Court has applied pledge status on property and bank accounts owned by Riga City Council member Mārtiņš Bondars to enforce EUR 15 million from him as part of Latvijas Krajbanka criminal case, as reported by TV3 News.

McDonald’s to use unrecycled packaging for 7 more years

World’s largest catering chain McDonalds has set the aim of ensuring that by 2025 all its packaging would be from either from recycled or renewable materials, which would be an increase current proportion of a half.

Saeima speaker: Judicial Affairs Council’s work should be more apparent

Work performed by the Judicial Affairs Council should be made more apparent, said Saeima speaker Ināra Mūrniece during her meeting with Supreme Court chairman Ivars Bičkovičs.

Mass protests in Greece do not hold back new bailout reforms

The parliament of Greece has adopted a large set of reforms pushed for by international creditors in return for more bailout money, despite approximately 20 000 people protesting outside the parliament and brief clashes with riot police breaking out.

Foster families in Latvia to receive larger benefits

Municipal administrations have a duty to pay larger benefits for child care when children are put in foster families, Latvian Welfare Ministry reports.

Government plans to improve anti-doping measures in Latvia

During a meeting of the Cabinet of Ministers, a legislative draft developed by Healthcare Ministry on adding changes to the Sports Law for the improvement the country’s anti-doping measures was approved.

Only 12% of workers know their organization’s IT security policy

Businesses around the world still suffer from a catastrophically low level of awareness for IT matters, according to a study performed by Kaspersky Lab and B2B International.

Parents let children on ice in spite of temporary restriction

On Sunday, 14 January, officers of Riga Municipal Police observed with video-recording equipment how two people were skating on the surface of Victory Park’s pond. Because it is banned for people to remain on ice of large bodies of water in Riga, officers were sent in.

Czech President to be determined in duel between Zeman and Drahoš

In the Czech presidential election, no candidate has garnered a half of the votes and its result will be determined in a run-off between the current eursceptic President and a pro-European academic.

Aldaris: non-alcoholic beer market in Latvia grew 9% in 2017

Aldaris concluded 2017 with a significant increase in their non-alcoholic beer category of products. Demand for non-alcoholic beer has increased across all of Latvia – market growth was 9% in 2017, as reported by the company’s representatives.

Politician reports meddling with e-health system; prime minister parries

Last Thursday, 11 January, e-health system ‘suffered malfunctions’, which suggests that it may have been hacked, Saeima’s Social and Employment Matters Committee head Aija Barča mentioned in an interview to Latvijas Radio.

Pension fund cautious about 500-million-euro bridge project to Saaremaa

Commenting on the idea that Estonian pension funds could invest into the ambitious project of building a bridge from mainland Estonia to the country’s largest island, Swedish Swedbank has expressed caution.

Study: more than half of Latvians do not trust other people

52% of Latvian residents believe most people cannot be trusted. Only 5% of residents are ready to trust their fellow man. Less than one-fifth of Latvian residents trust decision-makers, according to results of a study performed by SKDS.

Economic expert: 2018 expected to be good for investors

«This year promises to be good for investors, because global economy is on a rise and profits of businesses have a tendency to grow,» says Luminor economic expert Gints Belēvičs.

Estonia counts more residents for 3rd consecutive year

Registering an increase in the Estonian population for the third consecutive year, Estonian statisticians have estimated that the population has increased by 3,070 people to 1,318,700 residents. They have also warned that this is preliminary data, which could still change considerably as unregistered immigration has not been included.

Russian school struck by teenager knife attack

In a knife attack on a school in Perm, Russia, eleven children and a teacher have suffered injuries.

NA: city council has to consider new partnership approach for Agenskalns market

Riga City Council members have to decide what is more important for Agenskalns market’s development: rate or quality. There are two options: force a closed market development with an auction of long-term lease or consider public private partnership option. Such a proposal was submitted to Riga City Council’s City Property Committee by the faction of the National Alliance.

Would you be ready to boycott something in your life?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: