Posts tagged as exports

Latvian exports of goods to UK have increased

Friday, November 1, 2019

With the UK preparing to withdraw from the European Union, Latvian exports of goods to the UK have increased lately, whereas exports of services have dropped, Latvian Ambassador to the UK Baiba Braze.  The ambassador said that in the first year following the Brexit referendum Latvian exporters did not feel any particular effects, but now they are becoming increasingly visible – while trade in goods continues, exports of services have…

Statistics: Exports fall for third month running, imports also decrease

Thursday, October 10, 2019

Exports fell for the third month in a row in August, according to government agency Statistics Estonia. Imports also fell. Year-on-year (y-o-y), exports fell by 3 percent to August 2019, and imports by 7 percent over the same period. The sector most affecting the decrease was mineral products – shale oil, motor spirit and fuel additives. Electricity exports and imports also affected figures, according to Statistics Estonia. At current prices,…

Lithuania’s exports rise 6.9 pct in H1

Tuesday, September 10, 2019

In July 2019, exports amounted to EUR 2.46 bn, imports – EUR 2.81 bn. Exports of goods of Lithuanian origin amounted to EUR 1.43 bn. The foreign trade deficit of Lithuania amounted to EUR 0.35 bn. Over the month (July, against June), exports increased by 1.2%, imports – by 14.3%. The increase in exports was influenced by an increase in exports of oil seeds and oleaginous fruits (6 times), ground vehicles (15.6%).…

Latvia faces more opportunities for cooperation with Vietnam in field of education

Thursday, July 18, 2019

On Wednesday, continuing his working visit to Vietnam, Latvian Foreign Minister Edgars Rinkevics met with the Minister of Education and Training Phung Xuan Nha, LETA was informed by the Foreign Ministry. During the meeting, Rinkevics emphasized Latvia’s interest in developing more active cooperation with Vietnam in the field of education, especially in higher education. Latvian universities are interested in attracting students from Vietnam, as well as implementing joint projects in…

Foreign trade turnover changes in Latvia: exports drop and imports grow in May

Wednesday, July 10, 2019

In May 2019, the foreign trade turnover of Latvia amounted to EUR 2.5 billion, which at current prices was 3.5 % more than in May 2017, of which the exports value of goods was 2.6 % lower, but imports value of goods was 8.6 % higher. In May, Latvia exported goods in the amount of EUR 1.07 billion, but imported – in the amount of EUR 1.43 billion. Compared to…

Japan to restrict exports to South Korea, citing less trust

Monday, July 1, 2019

Japan is imposing restrictions on exports to South Korea, citing a decline in “relations of international trust” between the Asian neighbors. The Ministry of Economy, Trade and Industry said a review soliciting public comments starts Monday on the move to effectively remove South Korea from a list of so-called “white nations,” like the U.S. and European nations, that have minimum restrictions on trade. Starting Thursday, Japanese manufacturers must apply for…

Pompeo in Saudi Arabia, Iran threatens more US drone attacks

Monday, June 24, 2019

U.S. Secretary of State Mike Pompeo was in Saudi Arabia on Monday in a hastily arranged visit amid mounting tensions between Washington and Tehran as Iran’s navy chief warned Iranian forces wouldn’t hesitate to shoot down more U.S. surveillance drones from their skies. The downing of the drone, valued at more than $100 million, saw the United States pull back from the brink of a military strike on Iran after…

German factory production, exports drop in weak Q2 start

Friday, June 7, 2019

German factory production has fallen more strongly than expected in April and exports have dropped sharply in a weak start to the second quarter in Europe’s largest economy. The Federal Statistical Office reported Friday that industrial production dropped 1.9% over March in seasonally adjusted figures. Economists had predicted a 0.5% decline. Exports also dropped 3.7% on the previous month while imports fell 1.3% on March, widening the trade surplus to…

Chinese manufacturing improves but activity sluggish

Thursday, January 31, 2019

China’s manufacturing improved in January but activity was sluggish, a survey showed Thursday, as U.S. and Chinese negotiators wrangled in Washington over a tariff war. A measure of factory activity issued by the government statistics agency and an industry group rose 0.1 points on a 100-point scale but stayed below a level that shows activity expanding. Measures for employment and domestic demand weakened. China’s economic growth sank to a three-decade…

All Baltic states saw their exports rise this year

Friday, November 16, 2018

All three posted exports increases in nine months of this year, the latest figures from the EU statistics agency, Eurostat, show. Lithuania’s exports rose 8 percent to 21 billion euros in January-September year-on-year. It also grew 8 percent to 10 billion euros in Latvia and increased 11 percent to 11 billion euros. Imports went up 9 percent to 23 billion euros in Lithuania, grew 10 percent to 12 billion euros…