Latvia's merchandise trade deficit decreased from the previous month in February, helped by a modest increase in exports and a decline in imports, preliminary data released by the Central Statistical Bureau showed Tuesday.
The trade shortfall decreased to LVL106.1 million in February from LVL126.7 million in January. In February 2012, the balance was a deficit of LVL157.5 million.
Export of goods increased 1.9 percent annually to LVL538.6 million. The value of imports, meanwhile, decreased by 1.6 percent year-on-year to LVL644.7 million.
In February, the European Union states had the most significant share in Latvia's exports, followed by the CIS countries. Main exports partners were Lithuania, Estonia, Russia, Germany and Poland.
The most significant share in Latvia's imports were from the European Union countries, followed by the CIS countries. Main imports partners were Lithuania, Russia, Germany, Poland and Estonia, data showed.
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