Foreign trade figures on the right track

New figures suggest a concerted effort to find foreign markets might be paying off with exports up 5% from June to July despite the ongoing EU sanctions war with Russia.

In July 2015 compared to June the export value of goods at current prices grew by 5.0% and imports by 6.1% according to data from the Central Statistics Bureau. 

In July Latvia exported goods worth €851.3m, and imported goods worth €1.1bn.

As a result the foreign trade balance slightly worsened as exports in total foreign trade value declined to 43.5% from 43.8% in June. 

In July main export partners were Lithuania (20.0% of total export), Estonia (12.2%), Germany (6.4%) and Poland (5.5%), but main import partners were Lithuania (18.4% of total import), Germany (11.5%), Poland (9.6%) and Estonia (8.1%).

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