Analytics, Baltic Export, Foreign trade , Good for Business, Latvia
International Internet Magazine. Baltic States news & analytics
Tuesday, 23.04.2024, 09:57
Foreign trade turnover value in Latvia increased by 15.1% in January-April
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) |
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.