Posts tagged as exports

Exports and imports of services in Estonia

Friday, September 10, 2021

Estonia’s imports of services grew by 125 percent on year to the second quarter of 2021 (Q2 2021), while exports of services rose by 46 percent, state agency Statistics Estonia reports. Exports and imports of services together were worth €1.8 billion, the agency says, adding that pre-crisis levels have been re-attained. Statistics Estonia spokesperson Evelin Puura said: “The exceptions are travel and construction services: their supply has not yet recovered…

Foreign trade turnover of Latvia amounted to EUR 2.98 billion

Wednesday, August 11, 2021

Provisional data published by the Central Statistical Bureau August 10 show that  in June 2021 the foreign trade turnover of Latvia amounted to EUR 2.98 billion, which at current prices was 37.6 % larger than a year ago, of which the exports value of goods was 31.7 % higher, but imports value of goods – 42.6 % higher. In June Latvia exported goods in the amount of EUR 1.3 billion,…

Imports, exports up by half on year to May in Estonia

Friday, July 9, 2021

Exports and imports both rose by around a half on year to May, state agency Statistics Estonia reports, driven by fuels, electrical and transport equipment in particular, as well as 2020’s low reference base – the result of the pandemic. Exports totaled €1.5 billion on year to May 2021, a rise of 47 percent, while imports came to €1.6 billion, a rise of 50 percent. Leading analyst at Statistics Estonia…

Brussels plans controls on vaccine exports

Tuesday, January 26, 2021

The European Commission announced a new scheme today to require companies to register any exports of coronavirus vaccines — a drastic step in response to fears that manufacturers will not live up to their commitments. “We want clarity on transactions and full transparency concerning the export of vaccines from the EU,” Health Commissioner Stella Kyriakides announced, adding that exports for humanitarian reasons will be exempt. EU countries must sign off…

Exports rise for second month running

Thursday, December 10, 2020

Exports rose by 10 percent on year to October 2020, while imports fell by 5 percent over the same period, state agency Statistics Estonia reports. October was the second month in a row when exports increased. Both exports and imports totalled €1.4 billion in October. Goods of Estonian origin made up 75 percent of the total; exports to non-EU countries rose by 38 percent, while to EU countries they fell…

SEB: Growth in exports of goods of Estonian origin was surprising

Monday, November 9, 2020

The 15 percent growth registered in September in the exports of goods of Estonian origin definitely was surprising, Mihkel Nestor, economic analyst at SEB, said on Monday. Nestor told BNS that the growth was surprising, although continuous improvements in the sentiment of industrial enterprises indicated that we may be soon seeing also growing export numbers. “Of course, we cannot speak of a broad export boom, as the double-digit growth is…

How will Brexit affect Latvian exports?

Monday, November 2, 2020

How will the UK’s exit from the European Union – Brexit – affect Latvian companies exporting their goods and services to Britain? Latvian Radio spoke to industry experts November 1. January this year, Britain withdrew from the European Union (EU). Until 31 December, a transitional period has been set, which means that the United Kingdom does not participate in EU decision-making, but cooperation continues as it has been. Britain is the sixth-largest…

Baltic exports starting to pick up again

Monday, October 26, 2020

A new report from Swedbank suggests the exports of the Baltic states are starting to recover strongly following a hammering earlier in the year. “This year, all Baltic countries have faced a large drop in exports. In the second quarter, when the economies took the largest hit from the COVID-19 pandemic, exports decreased the most in Estonia. However, the decline in exports was the sharpest in a decade in all…

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,…