Foreign trade of Latvia in December 2008

10.02.2009

Total foreign trade turnover at current prices in December 2008 reached 819.4 mln lats – less by 12.3 mln lats or 1.5% than a month before and less by 130.7 mln lats or 13.8% than in December 2007, according to provisional data of Central Statistical Bureau data.

Latvia’s foreign trade, in mln lats1

1) Data on January, February, March, July and September 2008 have been revised.

Main commodities in Latvia’s exports in December 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

November 2008

December 2007

Exports - total

296 290

100

-4.6

-11.1

72.2

Agricultural and food products (I-IV)

74 545

25.2

+17.6

+35.1

63.2

of which - prepared foodstuffs (IV)

32 527

11.0

+9.9

+10.7

48.5

Products of the chemical and allied industries (VI)

30 790

10.4

+15.3

+19.1

76.5

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

7 171

2.4

-18.4

-19.6

71.8

Wood and wood products (IX)

38 713

13.1

-19.6

-39.3

83.7

Textiles and textile articles (XI)

14 551

4.9

-20.0

-13.7

72.0

Base metals and articles of base metals (XV)

32 524

11.0

-6.6

-39.0

74.6

Machinery and mechanical appliances; electrical equipment (XVI)

46 072

15.5

+9.5

+18.9

68.8

Transport vehicles (XVII)

16 521

5.6

-19.6

-33.3

81.0

Miscellaneous manufactured articles; including furniture (XX)

8 883

3.0

-23.0

-33.5

75.7

Other goods

26 520

9.0

-27.2

-18.8

72.1

Compared to November, in December 2008 most rapid increase at current prices was in exports of fish – by 22.5%, of meat and fish products – by 15.3%, of tobacco products – by 14.5%, of alcoholic and non-alcoholic beverages – by 12.7%, of pharmaceutical products – by 20.5%, of machinery and mechanical appliances – by 18.1%. In its turn, there was a decrease in exports of rubber and articles thereof – by 35.5%, of iron or steel and articles thereof – by 13.3%, of wood and wood products – 19.6%, of furniture, articles of bedding and lighting equipment – by 15.8%, of articles of apparel knitted or crocheted - by 20.6%, of articles of apparel, not knitted or crocheted – by 11.8%.

Compared to December 2007, in December 2008 there was exports increase of cereal crops (exported mostly to Denmark, Morocco and Yemen) – 3.3 times, of alcoholic and non-alcoholic beverages – by 33.5%, of essential oils, perfumery and cosmetics – by 45.5%, of machinery and mechanical appliances – by 24.4%. In its turn, the exports of iron and steel decreased by 54.5%, of motor vehicles (including rail transport) and parts thereof – by 34.6%, of rubber and articles thereof – by 41.4%, of wood and wood products – by 39.3%, of furniture, articles of bedding and lighting equipment – by 32.8%.

Main commodities in Latvia’s imports in December 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

November 2008

December 2007

Imports - total

523 142

100

+0.4

-15.2

72.9

Agricultural and food products (I-IV)

90 015

17.2

+4.9

+6.6

87.3

of which - prepared foodstuffs (IV)

47 219

9.0

+5.6

+9.2

86.3

Mineral products (V) 1)

87 758

16.8

-16.1

-1.7

34.6

Products of the chemical and allied industries (VI)

54 467

10.4

+10.9

+12.0

80.7

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

19 726

3.8

-12.3

-22.3

85.2

Wood and wood products (IX)

6 154

1.2

-8.7

-63.0

70.9

Textiles and textile articles (XI)

17 674

3.4

-17.2

-13.8

82.7

Base metals and articles of base metals (XV)

46 738

8.9

+22.8

-11.5

48.1

Machinery and mechanical appliances; electrical equipment (XVI)

94 065

18.0

+1.5

-25.3

82.2

Transport vehicles (XVII)

46 991

9.0

+13.6

-43.7

94.4

Miscellaneous manufactured articles; including furniture (XX)

17 324

3.3

-3.0

-21.8

77.8

Other goods

42 230

8.1

+3.0

-10.8

82.8

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

Compared to November, in December 2008 the imports of articles of apparel, not knitted or crocheted at current prices reduced by 34.9%, of rubber and articles thereof – by 23.9%, of mineral fuel, oil and refined petroleum products – by 16.3%. In its turn, the increase in imports was on iron and steel – by 74.1%, on machinery and mechanical appliances – by 31.2%, on motor vehicles and parts thereof – by 15.8%, on pharmaceutical products – by 24.1%, on vegetable and animal oils and fats; waxes – by 56.8%, on meat and fish products – by 10.1%, on coffee, tea and spices – by 8.0%.

Compared to December 2007, in December 2008 the most notable decrease had imports of wood and wood products – by 63.0%, of motor vehicles and parts thereof – by 43.6%, of articles of iron or steel – by 36.4%, of rubber and articles thereof – by 30.0%, of electrical machinery and equipment – by 27.3%, of articles of apparel, not knitted or crocheted – by 23.0%. In its turn, imports of pharmaceutical products increased by 40.9%, of fish – by 25.3%, of meat and offal – by 20.0%, of meat and fish products – by 10.8%.

Main partners of Latvia’s foreign trade (at current prices)

Groups of countries, countries

December 2008

November 2008

December 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

296 290

100

310 641

100

333 405

100

EU countries,

213 908

72.2

223 132

71.8

250 468

75.1

CIS

47 609

16.1

54 061

17.4

49 855

15.0

Other countries

34 773

11.7

33 448

10.8

33 082

9.9

Main exports partners:

Lithuania

47 858

16.2

47 023

15.1

57 992

17.4

Estonia

44 816

15.1

49 483

15.9

50 675

15.2

Russia

29 167

9.8

35 261

11.4

31 653

9.5

Germany

21 215

7.2

23 455

7.6

24 421

7.3

Sweden

18 281

6.2

17 936

5.8

26 153

7.8

Denmark

17 745

6.0

14 406

4.6

10 836

3.3

Poland

10 904

3.7

10 749

3.5

10 381

3.1

Imports - total

523 142

100

521 067

100

616 710

100

 

EU countries,

381 302

72.9

381 997

73.3

480 298

77.9

 

CIS

97 069

18.6

88 614

17.0

86 981

14.1

 

Other countries

44 771

8.6

50 456

9.7

49 431

8.0

Main imports partners:

Lithuania

79 213

15.1

87 790

16.8

99 295

16.1

Russia

72 302

13.8

67 067

12.9

61 926

10.0

Germany

64 364

12.3

56 747

10.9

86 424

14.0

Poland

35 537

6.8

35 717

6.9

41 450

6.7

Estonia

35 357

6.8

35 774

6.9

44 712

7.3

Netherlands

20 095

3.8

20 638

4.0

24 563

4.0

Sweden

19 759

3.8

20 777

4.0

32 670

5.3

Total foreign trade turnover at current prices in 2008 was 0.3% or 31.5 mln lats more than in 2007, and its value reached 11852.0 mln lats. Of which exports value increased by 8.7% or 351.7 mln lats, but imports value decreased by 4.1% or 320.2 mln lats.

Foreign trade of Latvia in 2008, at current prices


Exports

Imports

Total

EU countries, % of total of the group

Total

EU countries, % of total of the group

thsd lats

% of total

thsd lats

% of total

Total

4 392 029

100

73.1

7 459 996

100

75.7

Agricultural and food products (I-IV)

737 124

16.8

63.3

1 020 964

13.7

87.5

Live animals and animal products (I)

163 659

3.7

83.0

204 684

2.7

93.0

Vegetation products (II)

217 095

4.9

65.4

258 383

3.5

83.9

Fats and oils (III)

10 243

0.2

97.4

49 352

0.7

96.0

Prepared foodstuffs (IV)

346 127

7.9

51.7

508 545

6.8

86.3

Mineral products (V) 1)

186 994

4.3

61.6

1 180 563

15.8

45.1

Products of the chemical and allied industries (VI)

368 009

8.4

68.6

717 534

9.6

79.6

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

126 116

2.9

73.6

353 080

4.7

87.6

Raw hides, leather, furskins and articles thereof (VIII)

14 328

0.3

88.0

25 219

0.3

83.6

Wood and wood products (IX)

733 786

16.7

89.2

138 611

1.9

59.2

Pulp of wood; paper and paperboard (X)

69 385

1.6

75.4

180 622

2.4

86.2

Textiles and textile articles (XI)

244 592

5.6

70.5

304 267

4.1

84.4

Footwear, headgear, umbrellas and other articles (XII)

12 101

0.3

86.8

65 479

0.9

86.8

Articles of stone, plaster, cement, glassware and ceramic products (XIII)

89 748

2.0

76.8

155 925

2.1

85.7

Precious, semiprecious stone, precious metals, metals clad with precious metal, articles thereof (XIV)

9 601

0.2

82.5

32 451

0.4

48.3

Base metals and articles of base metals (XV)

741 026

16.9

74.3

770 263

10.3

57.6

Machinery and mechanical appliances; electrical equipment (XVI)

542 704

12.4

67.1

1 343 516

18.0

84.9

Transport vehicles (XVII)

316 340

7.2

80.1

802 282

10.8

91.7

Optical instruments and apparatus (inc. medical); clocks and watches; musical instruments (XVIII)

37 283

0.8

39.4

126 158

1.7

83.6

Arms and ammunition (XIX)

115

0.0

-

17 547

0.2

91.0

Miscellaneous manufactured articles; including furniture (XX)

152 564

3.5

72.0

225 083

3.0

79.4

Works of art, collectors pieces and antiques (XXI)

43

0.0

-

431

0.0

62.6

Other goods

10 169

0.2

91.3

-

-

-


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

More information on Latvia’s foreign trade by months and quarters by country groups and commodity groups can be obtained in the CSB data base section Foreign trade.

Prepared by the Foreign Trade Statistics Section
Tel. +371 67366604
Lilita Laganovska