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International Internet Magazine. Baltic States news & analytics Monday, 13.07.2020, 02:09

Rise in forestry industry exports observed in Latvia in January-February

BC, Riga, 27.04.2016.Print version
After several months of decline, Latvian forestry industry exports saw an increase in February 2016 with EUR 347.43 million worth of forestry industry products exported during the first two months of 2016 compared to EUR 318.94 million in January-February 2015, informs LETA, according to the information from the Latvian Agriculture Ministry.

In January-February 2016, Latvia exported EUR 299.81 million worth of timber and timber products, up 11% year-on-year.


During the first two months of 2016, Latvia supplied its forestry products mainly to the UK (17.9%), Sweden (11.8%) and Germany (9.6%). Exports to the UK amounted to EUR 62.07 million, exports to Sweden reached EUR 41.10 million, and exports to Germany were EUR 33.51 million.


Latvian imports of forestry industry products in January-February 2016 decreased year-on-year for the second month in a row. Imports of forestry products stood at EUR 109.34 million, compared to EUR 111 million during the same period last year.

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