Analytics, Foreign trade , Latvia, Statistics
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Thursday, 18.04.2024, 04:40
Latvian foreign trade turnover grew by 4.1 % in October
During the first ten months of the present year, the foreign
trade turnover of Latvia at current prices reached EUR 18.47 bln –
EUR 556.9 mln or 2.9% less than in the corresponding period of 2015.
The exports value amounted to EUR 8.45 bln (a drop of
EUR 150.1 mln or 1.7%), whereas the imports value amounted to
EUR 10.02 bln (a drop of EUR 406.8 mln or 3.9%).
Foreign trade of Latvia, mln EUR
Main changes in exports in October, compared to September:
- exports of vegetable
products rose by EUR 13.6 mln or 12.7%,
- exports of mineral
products increased by EUR 6.5 mln or 14.4%,
- exports of articles of
stone, plaster, cement, glassware and ceramic products grew by
EUR 5.2 mln or 21.0%,
- exports of basic
metals and articles of basic metals fell by EUR 9.9 mln or 13.1%.
- exports of wood and
articles of wood dropped by EUR 6.1 mln or 4.0%.
Main changes in imports in October, compared to September:
- imports of machinery
and mechanical appliances; electrical equipment grew by EUR 26.6 mln
or 13.2%,
- imports of mineral
products rose by EUR 14.2 mln or 15.4%,
- imports of basic
metals and articles of basic metals increased by EUR 10.5 mln or 12.2%,
- imports of prepared
foodstuffs grew by EUR 9.3 mln or 9.3%,
- imports of vehicles
and associated transport equipment dropped by EUR 10.3 mln or 10.0%.
In October, the main export partners in trade with EU
countries were Lithuania (18.2 % of total exports), Estonia (11.2%),
Germany (7.0%) and Sweden (6.8%), whereas the main import partners were
Lithuania (17.2% of total imports), Germany (12.0%), Poland (10.6%) and Estonia
(7.3%).
Foreign trade of Latvia by country group in October 2016, at current prices
| Exports | Imports | ||||
| mln EUR | % of total | Changes as % compared to September 2016 | mln EUR | % of total | Changes as % compared to September 2016 |
Total | 971.3 | 100 | 1.9 | 1 104.2 | 100 | 6.1 |
European Union countries | 726.2 | 74.8 | 0.5 | 870.9 | 78.9 | 1.8 |
Euro area countries | 489.8 | 50.4 | -3.9 | 634.6 | 57.5 | 3.8 |
CIS countries | 111.6 | 11.5 | 4.1 | 118.9 | 10.8 | 22.8 |
Other countries | 133.5 | 13.7 | 7.7 | 114.4 | 10.3 | 29.3 |
Russia was the main partner in trade with third countries;
its share in total Latvian exports in October accounted for 8.1%, whereas in
imports – for 8.4%.
Growth in the exports of pharmaceutical products in
October 2016, as compared to October 2015, was influenced by an
increase in the exports of medicines (of EUR 6.5 mln or 27.1%).In
turn, there was a drop in the exports of electrical machinery and equipment, as
the exports of monitors, projectors and television receivers decreased by
EUR 7.1 mln or 22.6%.