Analytics, Foreign trade , Latvia, Statistics
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Friday, 29.03.2024, 11:02
Latvian foreign trade turnover amounted to 1.9 billion euros
During the first four months of the present year, the foreign trade turnover of Latvia at current prices reached EUR 7.67 bln – EUR 647.3 mln or 9.2% more than in the corresponding period of 2016. The exports value constituted EUR 3.46 bln (an increase of EUR 250.7 mln or 7.8%), whereas the imports value comprised EUR 4.21 bln (an upturn of EUR 396.7 mln or 10.4%).
Foreign trade of Latvia, mln EUR
Data source: CSB
Notes: data on April, May, June 2016 and January 2017 have been revised
Main changes in exports in April 2017, compared to April 2016:
- exports of base metals and articles of base metals up by EUR 21.4 mln or 31.1%;
- exports of products of the chemical and allied industries up by EUR 8.3 mln or 12.4%;
- exports of prepared foodstuffs up by EUR 8.1 mln or 12.9%;
- exports of machinery and mechanical appliances; electrical equipment down by EUR 11.0 mln or 7.0%;
- exports of wood and articles of wood down by EUR 9.7 mln or 6.1%.
Main changes in imports in April 2017, compared to April 2016:
- imports of mineral products up by EUR 14.6 mln or 19.4%;
- imports of prepared foodstuffs up by EUR 6.1 mln or 7.7%;
- imports of live animals and animal products up by EUR 6.0 mln or 18.8%;
- imports of vehicles, aircraft, vessels and associated transport equipment down by EUR 13.6 mln or 12.8%;
- imports of machinery and mechanical appliances; electrical equipment down by EUR 6.5 mln or 3.0%.
In April, the main export partners in trade with EU countries were Lithuania (17.4% of total exports), Estonia (12.0%), Sweden (6.9%) and Germany (6.5%), whereas the main import partners were Lithuania (19.2% of total imports), Germany (11.6%), Poland (9.6%) and Estonia (8.0%)
Foreign trade of Latvia in April 2017 by country group, at current prices
| Exports | Imports | ||||
| mln EUR | % of total | Changes as % compared to April 2016 | mln EUR | % of total | Changes as % compared to April 2016 |
Total | 859.6 | 100 | 1.0 | 1 021.9 | 100 | 0.2 |
European Union countries | 616.4 | 71.7 | -3.0 | 820.6 | 80.3 | -1.8 |
Euro area countries | 410.5 | 47.8 | -4.0 | 608.7 | 59.6 | 0.1 |
CIS countries | 102.3 | 11.9 | 3.3 | 95.4 | 9.3 | 0.4 |
Other countries | 140.9 | 16.4 | 20.5 | 105.9 | 10.4 | 17.9 |
Russia was the main partner in trade with third countries; its share in total Latvian exports in April accounted for 8.2%, whereas in imports – for 6.1%.
Main commodities in exports of Latvia in April 2017, at current prices
| thsd EUR | % of total | Changes as % compared to | ||
April 2016 | March 2017 | Average of previous 12 months | |||
Total | 859 556 | 100 | 1.0 | -10.5 | -2.8 |
Wood and articles of wood; wood charcoal | 148 796 | 17.3 | -6.1 | -19.1 | -1.5 |
Electrical machinery and equipment | 98 376 | 11.4 | 0.9 | -12.0 | -3.1 |
Machinery and mechanical appliances | 46 900 | 5.5 | -20.2 | -7.9 | -13.4 |
Iron and steel | 46 603 | 5.4 | 2.4 times | 2.8 times | 80.8 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 45 755 | 5.3 | -5.1 | -13.3 | -7.6 |
Mineral fuels, mineral oils and products of their distillation | 40 099 | 4.7 | -7.3 | -10.4 | -1.2 |
Pharmaceutical products | 38 403 | 4.5 | 10.9 | -2.3 | 12.5 |
Beverages, spirits and vinegar | 32 726 | 3.8 | 15.5 | -10.3 | -8.6 |
Articles of iron or steel | 30 376 | 3.5 | -3.5 | -7.3 | 4.7 |
Cereals | 24 328 | 2.8 | 0.7 | -11.0 | -23.4 |
Growth in the exports of iron and steel in April 2017, as compared to April 2016, was facilitated by an increase in the exports of ferrous waste and scrap(of EUR 15.7 mln or 8.2 times). In turn, exports of machinery and mechanical appliances reduced, as exports of computers and components thereof dropped by EUR 8.5 mln or 61.0%.
Main commodities in imports of Latvia in April 2017, at current prices
| thsd EUR | % of total | Changes as % compared to | ||
April 2016 | March 2017 | Average of previous 12 months | |||
Total | 1 021 919 | 100 | 0.2 | -14.1 | -3.4 |
Electrical machinery and equipment | 120 282 | 11.8 | 5.3 | 2.5 | -0.6 |
Machinery and mechanical appliances | 94 282 | 9.2 | -11.8 | -7.0 | -5.2 |
Mineral fuels, mineral oils and products of their distillation | 86 243 | 8.4 | 21.0 | -12.1 | -6.7 |
Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 85 627 | 8.4 | -15.7 | -8.6 | -11.8 |
Pharmaceutical products | 53 807 | 5.3 | 13.9 | 0.5 | 13.1 |
Plastics and articles thereof | 49 410 | 4.8 | 8.8 | -8.9 | 10.7 |
Iron and steel | 39 707 | 3.9 | 26.2 | -2.4 | 9.7 |
Wood and articles of wood; wood charcoal | 37 179 | 3.6 | 4.2 | -11.6 | 7.0 |
Beverages, spirits and vinegar | 29 352 | 2.9 | 9.6 | -20.9 | -8.2 |
Miscellaneous chemical products | 23 163 | 2.3 | -22.0 | -33.3 | 68.5 |
Growth in the imports of iron and steel in April 2017, as compared to April 2016, was facilitated by an increase in the imports of flat-rolled products of iron and non-alloy steel (of EUR 2.3 mln or 12.0 %). In turn, the drop in imports of miscellaneous chemical products was mainly influenced by a decline in the imports of insecticides, fungicides, herbicides and similar products (of EUR 10.9 mln or 45.3 %).