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Among Baltic States, Latvia exported and imported the least in 2017

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Latvia’s export and import volumes in the first eight months of 2017 were below Lithuania’s and Estonia’s volumes. Latvia also had the largest foreign trade balance deficit among Baltic States.

In the first eight months of 2017, Latvia’s export volume was EUR 7.213 billion. Lithuania’s exported goods worth EUR 16.928 billion, and Estonia – EUR 8.427 billion, according to data from the Central Statistical Bureau of Latvia.
 

73% of Latvia’s exports went to EU member states. Lithuania exported 59% of its goods, whereas Estonia exported 72%.
 

Latvia’s exports to Lithuania accounted for 17% of total exports. 12% of Latvia’s exports went to Estonia. Lithuania exported 10% its goods to Latvia and 5% to Estonia. Estonia exported 9% of goods to Latvia and 6% – to Lithuania.
 

In the first eight months of 2017, Latvia’s import volume was EUR 9.118 billion, Lithuania’s import volume was EUR 18.692 billion, and Estonia’s import volume was EUR 9.809 billion.
 

From EU member states, Latvia imported 77% of the total imported goods, Lithuania imported 70%, and Estonia imported 82%.
 

Latvia’s imports from Lithuania were equal to 19% of total imports, whereas imports from Estonia were 8%. Lithuania imported 7% of goods from Latvia and 3% from Estonia. Estonia imported 8% of goods from Latvia and 9% from Lithuania.
 

Compiled data shows that foreign trade balance for all three Baltic States was negative in the first eight months. Latvia’s foreign trade deficit was EUR 1.906 billion, Lithuania’s was EUR 1.764 billion, and Estonia’s was EUR 1.382 billion.

BNN/LETA

07-11-2017
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