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Foreign trade of Latvia in January-June increased by 13.5%

Elga Bendrāte, Statistics Latvia, 15.08.2012.Print version
Provisional data of the Central Statistical Bureau show that in the first half of 2012 the total value of goods in foreign trade of Latvia at current prices reached LVL 7189.0 mln – an increase of LVL 857.8 mln or 13.5% as compared to January – June 2011. Of which export volume increased by LVL 295.3 million or 10.5%, whereas import volume – by LVL 562.5 million or 16.0%.

Foreign trade of Latvia at current prices by quarter, million LVL (1)
1 Data on the 2nd, 3rd and 4th quarters of 2011 and 1st quarter of 2012 have been revised.

 

In the result of price changes the volume of both – export and import at constant prices in January – June 2012 grew by 7.4% as compared to January – June 2011.


Volume changes of foreign trade of Latvia; at constant prices

Period

Export, % (+, –) over

Import, % (+, –) over

the previous quarter

the corresponding quarter of the previous year

the previous quarter

the corresponding quarter of the previous year

1st quarter

-7.6

+11.0

-10.6

+10.5

2nd quarter

+4.1

+4.2

+4.3

+4.6


Exports and imports of Latvia according to BEC2 classification, at current prices

Commodity groups

Exports

Imports

 

January – June 2011

January – June 2012

January – June 2011

January – June 2012

 

mln LVL

as % of total volume

mln LVL

as % of total volume

mln LVL

as % of total volume

mln LVL

as % of total volume

Total

2 818.5

100

3 113.8

100

3 512.7

100

4 075.2

100

Capital goods

225.3

8.0

246.7

7.9

420.3

12.0

504.0

12.4

Intermediate goods

1 719.2

61.0

1 776.8

57.1

1 764.2

50.2

1 961.6

48.1

Consumer goods

651.1

23.1

716.1

23.0

908.8

25.9

896.8

22.0

Goods not elsewhere specified; not broken down by category

121.5

4.3

305.5

9.8

229.1

6.5

542.4

13.3

Passenger motor cars 3

100.3

3.6

66.2

2.1

129.6

3.7

108.8

2.7

Automotive fuel 3

1.1

0.0

2.5

0.1

60.7

1.7

61.6

1.5

2 Classificationby Broad Economic Categories.
Commodities included in several BEC categories.

 

According to the BEC classification, exported and imported goods can be grouped in categories by possible kind of their utilisation.Capital goods are composed of fixed assets, intermediate goods – of industrial supplies provided for further processing. Goods produced for the needs of the population are treated as consumer goods. Other goods not included in the above-mentioned categories (e.g., military equipment and other specific goods) are included in the category “goods not elsewhere specified”.


Composition of foreign trade of Latvia by kind of economic activity of enterprises according to NACE Rev.2 classification in January – June 2012, at current prices

Exporters/importers by main kind of economic activity

Exports

Imports

mln LVL

as % of total volume

mln LVL

as % of total volume

Total

3 113.8

100

4 075.2

100

Agriculture, forestry and fishing 

63.4

2.0

27.2

0.7

Mining and quarrying

28.6

0.9

7.5

0.2

Manufacturing

1 330.5

42.7

657.3

16.1

 

of which:

 

 

 

 

 

manufacture of food products, beverages and tobacco

160.0

5.1

134.3

3.3

 

manufacture of textiles, apparel

78.0

2.5

50.8

1.2

 

manufacture of wood and paper products; printing

382.5

12.3

67.3

1.7

 

manufacture of chemicals and chemical products; manufacture of pharmaceuticals, medical chemical and botanical products

118.0

3.8

76.2

1.9

 

manufacture of rubber and plastics products, and other non-metallic mineral products

96.0

3.1

54.9

1.3

 

manufacture of basic metals and fabricated metal products

273.3

8.8

146.8

3.6

 

manufacture of computer, electronic and optical products; manufacture of electrical equipment

83.9

2.7

48.1

1.2

 

manufacture of transport equipment

51.9

1.7

28.0

0.7

 

manufacture of furniture

33.4

1.1

12.6

0.3

 

other manufacturing sectors

53.5

1.7

38.3

0.9

Electricity, gas, steam and air conditioning supply

27.1

0.9

295.8

7.3

Water supply, sewerage, waste management and remediation activities

15.5

0.5

5.1

0.1

Construction

17.6

0.6

41.1

1.0

Wholesale and retail trade; repair of motor vehicles and motorcycles

1 124.6

36.1

2 262.9

55.5

Transport and storage

109.4

3.5

73.9

1.8

Other sections; without breakdown by section

397.1

12.8

704.4

17.3






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