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Foreign trade turnover value in Latvia increased by 15.1% in January-April

Lilita Laganovska, Statistics Latvia, 11.06.2012.Print version
Provisional data of the Central Statistical Bureau show that the total foreign trade turnover at current prices in April 2012 comprised LVL 1190.1 million – 4.2% or LVL 52.5 million less than month ago and 11.9% or LVL 126.6 million more than in April 2011.

As compared to the previous month, export value in April 2012 declined by 7.4% and import value – by 1.8%. The most significant decrease was recorded in export of base metals and articles of base metals – of LVL 20.3 million or 23.7%, in export of agricultural and food products – of LVL 5.4 million or 5.9%, in export of wood, cork and articles of wood and cork – of LVL 5.4 million or 5.4% and in export of textiles and textile articles – of LVL 3.8 million or 15.3%. In its turn, import decline was mostly affected by decrease of LVL 9.8 million or 14.1% in import of products of the chemical and allied industries, of LVL 9.3 million or 8.5% in import of agricultural and food products and of LVL 4.5 million or 5.5% in import of base metals and articles of base metals.


In January – April 2012 foreign trade turnover value reached LVL 4663.6 million – an increase of 15.1% or LVL 613.4 million as compared to the corresponding period of the previous year. Of which exports comprised LVL 2012.9 million – an increase of 11.4% or LVL 206.0 million, whereas imports constituted LVL 2650.7 million – 18.2% or LVL 407.4 million more than a year ago.


Foreign trade of Latvia, million LVL (1)
1) Data on June, August, November 2011 and January 2012 have been revised.


Main commodities in Latvia’s foreign trade in April 2012, at current prices

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, –)

over April

2011

 

thousand LVL

% of

total

% (+, –)

over April

2011

 

Total

505 888

100

+5.7

684 235

100

+16.9

-178 347

Agricultural and food products (I-IV)

85 285

16.9

+20.5

99 797

14.6

+2.7

-14 512

Live animals and animal products (I)

22 968

4.5

+10.8

22 567

3.3

+5.0

+401

 

meat and offal (02)

2 708

0.5

-8.5

6 701

1.0

-7.4

-3 993

 

fish (fresh, frozen, smoked) (03)

6 701

1.3

+13.0

5 389

0.8

-23.4

+1 312

 

dairy produce, eggs (04)

11 045

2.2

+19.5

7 439

1.1

+12.4

+3 606

Vegetation products (II)

19 432

3.8

+31.9

27 906

4.1

-10.2

-8 474

 

edible fruit and nuts (08)

2 340

0.5

+2.8

6 443

0.9

-3.1

-4 103

 

cereals (10)

4 415

0.9

+51.8

2 158

0.3

-30.0

+2 257

 

oilseeds (12)

3 319

0.7

+76.8

3 953

0.6

+7.1

-634

Prepared foodstuffs (IV)

41 144

8.1

+21.2

41 205

6.0

+7.5

-61

 

preparations of meat, or fish (16)

6 469

1.3

+23.5

2 767

0.4

+11.1

+3 702

 

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

1 616

0.3

+10.2

6 060

0.9

+6.2

-4 444

 

beverages, spirits and vinegar (22)

22 383

4.4

+32.2

10 943

1.6

+19.1

+11 440

 

tobacco and manufactured tobacco substitutes (24)

 907

0.2

-16.1

2 028

0.3

+8.3

-1 121

Mineral products (V) 1)

50 346

10.0

+12.8

140 011

20.5

+60.8

-89 665

 

 

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

46 136

9.1

+14.5

137 828

20.1

+62.1

-91 692

Products of the chemical and allied industries (VI)

34 652

6.8

-3.4

59 514

8.7

-15.9

-24 862

 

pharmaceutical products (30)

14 071

2.8

-10.1

16 873

2.5

-45.5

-2 802

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

16 540

3.3

+6.4

34 560

5.1

+6.2

-18 020

 

plastics and articles thereof (39)

12 983

2.6

+12.7

25 955

3.8

+8.6

-12 972

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

94 275

18.6

+6.0

11 525

1.7

+12.5

+82 750

 

wood and articles of wood; wood charcoal (44)

94 234

18.6

+6.0

11 408

1.7

+13.1

+82 826

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

10 919

2.2

+9.6

14 580

2.1

+8.8

-3 661

 

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

5 590

1.1

-2.6

12 945

1.9

+6.7

-7 355

 

products of the printing industry; manuscripts (49)

4 704

0.9

+27.3

1 583

0.2

+32.6

+3 121

Textiles and textile articles (XI)

20 841

4.1

+5.9

29 004

4.2

+5.2

-8 163

 

knitted or crocheted fabrics (60)

1 350

0.3

+1.8

2 354

0.3

+51.2

-1 004

 

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

5 040

1.0

+12.0

5 913

0.9

-18.5

-873

 

 

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

7 768

1.5

+18.5

8 256

1.2

+7.8

-488

Base metals and articles of base metals (XV)

65 207

12.9

-2.7

77 016

11.3

+16.7

-11 809

 

iron and steel (72)

38 647

7.6

+8.2

42 209

6.2

+4.7

-3 562

 

articles of iron or  steel (73)

16 051

3.2

-1.0

20 596

3.0

+43.3

-4 545

Machinery and mechanical appliances; electrical equipment (XVI)

65 690

13.0

+20.8

110 845

16.2

+35.5

-45 155

 

machinery and mechanical appliances (84)

26 895

5.3

+14.2

62 279

9.1

+45.1

-35 384

 

electrical machinery and equipment (85)

38 795

7.7

+25.8

48 566

7.1

+25.0

-9 771

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

27 644

5.5

-23.0

61 604

9.0

+5.0

-33 960

 

 

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

25 552

5.1

-13.7

50 020

7.3

+4.6

-24 468

Miscellaneous manufactured articles (XX)

13 932

2.8

+9.7

16 292

2.4

+25.3

-2 360

 

 

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

11 202

2.2

+9.9

9 895

1.4

+22.0

+1 307

Other goods

20 557

4.1

-10.5

29 487

4.3

+10.1

-8 930

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

 

The most significant share in Latvia’s export in April 2012 had export to the countries of the European Union (74.7%), followed by export to the CIS countries – 15.1%. The main export partners were Lithuania (16.7% of total export), Estonia (13.2%), Russia (11.4%), Germany (7.9%) and Poland (7.4%).

The most significant share in Latvia’s import in April 2012 had import from the countries of the European Union (75.8%), followed by import from the CIS countries – 16.7%. The main import partners were Lithuania (20.7% of total import), Germany (11.6%), Russia (9.9%), Poland (7.8%) and Estonia (7.0%).

 

More information on Latvia’s foreign trade by month and quarter, by country group and commodity group is available in the CSB data base section Foreign trade Short term statistical data.






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