Analytics, Foreign trade , Latvia, Statistics
International Internet Magazine. Baltic States news & analytics
Monday, 14.10.2024, 11:32
In October foreign trade turnover of Latvia was 3.9% larger than a year ago
In October Latvia exported goods in the amount of EUR 1.31 bn, but imported – in the amount of EUR 1.39 bn. Compared to October 2019, foreign trade balance has improved slightly as exports in total foreign trade amount increased from 46.9% to 48.6%.
During the ten months of this year foreign trade turnover of Latvia at current prices reached EUR 23.08 bn – EUR 963.3 mln or 4% less than in the corresponding period of the previous year. The exports value constituted EUR 10.77 bn (a drop of EUR 27.8 mln or 0.3%), whereas the imports value comprised EUR 12.31 bln (a fall of EUR 935.5 mln or 7.1%).
Calendar
and seasonally adjusted data show that, compared to October 2019, in
October 2020 the exports value at current prices went up by 9.8% and the
imports value – by 4%, whereas, compared to the previous month, the exports
value went down by 0.6% ,but the imports value – by 0.4%.
Main
changes in exports in October 2020, compared to October 2019:
- exports of vegetable products up by EUR 45.8 mln or 35.7 %,
- exports of machinery and mechanical appliances;
electrical equipment up by EUR 35 mln or 17.5%,
- exports of wood and articles of wood up by EUR 19.9 mln
or 10.8%,
- exports of products of the chemical and allied
industries down
by EUR 13.8 mln or 13.1%,
- exports of prepared foodstuffs down by EUR 8.7 mln or 6.6%,
Main
changes in imports in October 2020, compared to October 2019:
- imports of machinery and mechanical appliances;
electrical equipment up by EUR 24.3 mln or 8.2%,
- imports of vegetable products up by EUR 18 mln or 31.8%,
- imports of wood and articles of wood up by EUR 8.8 mln
or 18%,
- imports of mineral products down by EUR 33.6 mln or 26%,
- imports of vehicles and associated transport equipment down by
EUR 13.5 mln or 11.6%.
In October, the main export partners of Latvia in trade with EU countries were Lithuania (15.8% of total exports), Estonia (10.9%), Germany (6.3%) and Sweden (4.8%), whereas the main import partners were Lithuania (17.9% of total imports), Germany (10.6%), Poland (10.2%) and Estonia (8.6%). Russia was the main partner in trade with third countries; its share in total Latvian exports in October accounted for 9.3%, whereas in imports – for 6.4%.
In October 2020, compared to October 2019, share of the European Union countries in total exports value fell by 0.8 percentage points, but in imports value – by 1.4 percentage points. Share of CIS countries in exports fell by 0.9 percentage points, but in imports – by 0.4 percentage points.
- 28.01.2022 BONO aims at a billion!
- 25.01.2021 Как банкиры 90-х делили «золотую милю» в Юрмале
- 30.12.2020 Накануне 25-летия Балтийский курс/The Baltic Course уходит с рынка деловых СМИ
- 30.12.2020 On the verge of its 25th anniversary, The Baltic Course leaves business media market
- 30.12.2020 Business Education Plus предлагает анонсы бизнес-обучений в январе-феврале 2021 года
- 30.12.2020 Hotels showing strong interest in providing self-isolation service
- 29.12.2020 В Латвии вводят комендантский час, ЧС продлена до 7 февраля
- 29.12.2020 В Rietumu и в этот раз создали особые праздничные открытки и календари 2021
- 29.12.2020 Latvia to impose curfew, state of emergency to be extended until February 7
- 29.12.2020 18-19 января Наталия Сафонова проводит семинар "Управленческий учет во власти собственника"