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International Internet Magazine. Baltic States news & analytics Thursday, 04.06.2020, 08:09

Latvian exports of forestry products down 11% in 10 months

BC, Riga, 13.12.2019.Print version
In the first ten months of 2019, Latvia exported EUR 2.189 bn worth of forestry products, which is an decrease of 1 % against the same period a year ago, according to information released by the Agriculture Ministry writes LETA.

Timber and timber products made up the bulk or 85.5 % (86 % a year ago) of total forestry product exports in January-October 2019, accounting for EUR 1.872 bn and declining 1.5% y-o-y.

Timber exports in the first ten months of 2019 included EUR 568.918 mln worth of sawn timber, down 8.8% y-o-y.

Firewood exports increased 32% y-o-y to EUR 362.012 mln, round timber exports reached EUR 198.48 mln, down 18.3% from a year ago, plywood exports fell 21.4% to EUR 176.986 mln, and exports of woodchip plates dropped 16.8% to EUR 153.677 mln.

In January-October, Latvia supplied forestry products mainly to the UK (17.8%), Estonia (12.6%) and Sweden (11.5%).

Exports to the UK decreased by 5.1% to EUR 390.029 mln, exports to Estonia grew 24.3% to EUR 276.1 mln and exports to Sweden dropped 5.3% to EUR 252.312 mln.

In the first ten months of 2018, Latvia exported EUR 2.212 bn worth of forestry products. 

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