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Foreign trade turnover value in Latvia grew by 28.2% in 2011

Lilita Laganovska, Statistics Latvia, 09.02.2012.Print version
In 2011, foreign trade turnover value reached LVL 13 599.3 million – 28.2% or LVL 2 992.5 million more than in 2010 according to provisional data of the Central Statistical Bureau. Of which export value comprised LVL 6 012.0 million – an increase of 28.1% or LVL 1317.1 million, whereas import value constituted LVL 7 587.3 million – 28.3% or LVL 1 675.4 million more than in 2010.

In December 2011 the total foreign trade turnover at current prices comprised LVL 1 144.6 million  – 4.7% or LVL 56.1 million less than in the previous month and 6.3% or LVL 67.9 million more than in December 2010.

 

As compared to the previous month, in December 2011 export value decreased by 8.2% and import value – by 1.8%.Export decline was mostly affected by decrease of LVL 11.9 million or 15.2% in export of base metals and articles of base metals, of LVL 10.1 million or 11.5% in export of wood and articles of wood, and of LVL 9.3 million or 36.2% in export of vegetation products. In its turn, import decline was mostly influenced by decrease of LVL 15.6 million or 22.8% in import of electrical machinery and equipment, as well as of LVL 4.7 million or 4.8% in import of agricultural goods and food products.


Foreign trade of Latvia, million LVL (1)
1) Data on January, February, July and September 2011 have been revised.


Main commodities in Latvia’s foreign trade in December 2011, at current prices

 

Export

Import

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, –)

over

December

 2010

 

thousand LVL

% of

total

% (+, –)

     over

December 2010

Total

498 117

100

+13.5

646 464

100

+1.4

-148 347

Agricultural and food products (I-IV)

87 764

17.6

-2.5

91 893

14.2

-0.9

-4 129

Live animals and animal products (I)

24 347

4.9

+25.1

21 199

3.3

-7.5

+3 148

 

meat and offal (02)

2 234

0.4

-9.8

7 087

1.1

+3.0

-4 853

 

fish (fresh, frozen, smoked) (03)

5 262

1.1

+4.1

7 901

1.2

+6.4

-2 639

 

dairy produce, eggs (04)

11 884

2.4

+21.6

5 448

0.8

-21.6

+6 436

Vegetation products (II)

16 416

3.3

-49.7

22 622

3.5

-14.2

-6 206

 

edible fruit and nuts (08)

2 672

0.5

+24.2

7 460

1.2

-4.0

-4 788

 

cereals (10)

6 181

1.2

-70.4

2 304

0.4

-63.6

+3 877

 

oilseeds (12)

3 897

0.8

-28.8

4 804

0.7

+86.7

-907

Prepared foodstuffs (IV)

45 220

9.1

+25.1

40 974

6.3

+5.9

+4 246

 

preparations of meat, or fish (16)

7 267

1.5

+20.8

2 993

0.5

+16.3

+4 274

 

miscellaneous edible preparations (incl. coffee, tea, etc.)(21)

1 617

0.3

+5.8

5 842

0.9

+18.5

-4 225

 

beverages, spirits and vinegar (22)

23 837

4.8

+40.3

10 404

1.6

+13.2

+13 433

 

tobacco and manufactured tobacco substitutes (24)

1 528

0.3

-26.2

2 402

0.4

-25.4

-874

Mineral products (V) 1)

41 777

8.4

+75.1

126 349

19.5

+21.7

-84 572

 

 

mineral fuels, mineral oils and products of their distillation (27)

38 718

7.8

+76.6

124 240

19.2

+21.7

-85 522

Products of the chemical and allied industries (VI)

36 969

7.4

+14.8

66 097

10.2

+6.0

-29 128

 

pharmaceutical products (30)

17 516

3.5

-9.3

31 939

4.9

-9.5

-14 423

Plastics and articles thereof; rubber and articles thereof (VII)

14 162

2.8

+9.5

31 922

4.9

+31.6

-17 760

 

plastics and articles thereof (39)

11 095

2.2

+20.1

23 706

3.7

+30.3

-12 611

Wood and articles of wood; wood charcoal; cork and articles of cork; manufactures of straw, of esparto or of other plaiting materials (IX)

78 109

15.7

+9.1

8 947

1.4

+12.9

+69 162

 

wood and articles of wood; wood charcoal (44)

78 010

15.7

+9.0

8 910

1.4

+15.6

+69 100

Pulp of wood or of other fibrous cellulosic material; paper and paperboard and articles thereof (X)

11 523

2.3

+24.6

15 424

2.4

+10.3

-3 901

 

paper and paperboard; articles of paper pulp, of paper or of paperboard (48)

6 682

1.3

+25.6

13 923

2.2

+10.6

-7 241

 

products of the printing industry; manuscripts (49)

4 467

0.9

+29.8

1 479

0.2

+9.9

+2 988

Textiles and textile articles (XI)

18 836

3.8

+0.2

21 800

3.4

+22.0

-2 964

 

knitted or crocheted fabrics (60)

1 188

0.2

+28.0

1 587

0.2

+47.0

-399

 

articles of apparel and clothing accessories, knitted or crocheted (61)

5 114

1.0

-4.9

3 736

0.6

+15.6

+1 378

 

 

articles of apparel and clothing accessories, not knitted or crocheted (62)

6 362

1.3

+9.7

5 941

0.9

+57.9

+421

Base metals and articles of base metals (XV)

66 284

13.3

+1.4

63 710

9.9

+10.3

+2 574

 

iron and steel (72)

39 715

8.0

-2.3

34 346

5.3

-2.0

+5 369

 

articles of iron or  steel (73)

14 014

2.8

-1.5

15 748

2.4

+28.6

-1 734

Machinery and mechanical appliances; electrical equipment (XVI)

70 729

14.2

+13.5

116 096

18.0

+19.2

-45 367

 

machinery and mechanical appliances (84)

29 759

6.0

+10.4

63 295

9.8

+29.3

-33 536

 

electrical machinery and equipment (85)

40 970

8.2

+15.9

52 801

8.2

+9.0

-11 831

Vehicles, aircraft, vessels and associated transport equipment (XVII)

39 536

7.9

+72.4

59 521

9.2

+49.8

-19 985

 

 

vehicles other than railway or tramway rolling stock, and parts and accessories thereof (87)

30 034

6.0

+41.5

53 979

8.3

+54.6

-23 945

Miscellaneous manufactured articles (XX)

13 931

2.8

+25.7

14 886

2.3

+6.9

-955

 

 

furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings (94)

11 509

2.3

+29.2

9 239

1.4

+7.7

+2 270

Other goods

18 497

3.7

-0.1

29 819

4.6

-71.9

-11 322

______________
¹) This group includes useful minerals, oil and oil products, natural gas and electricity.

 

In December 2011, the most significant share (72.6%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 16.6%. The main export partners were Lithuania (18.3% of total export), Estonia (14.3%), Russia (11.3%), Germany (7.6%) and Poland (7.4%).

In December 2011, the most significant share in Latvia’s import had import from the countries of the European Union (77.9%), followed by import from the CIS countries – 14.9%. The main import partners were Lithuania (19.6% of total import), Germany (11.8%), Russia (9.7%), Estonia (8.0%) and Poland (7.6%).





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