On changes of foreign trade unit value in 2011

22.02.2012

In 2011, compared to 2010, the average level of export unit value (UV) grew by 12.2% and the average level of import unit value rose by 6.0%, according to the data of the Central Statistical Bureau of Latvia.

Compared to the 4th quarter of 2010, the unit value in the 4th quarter of 2011 increased by 7.7% for exported goods and by 4.0% for imported goods. In its turn, compared to the previous quarter, UV of exported goods reduced by 0.6%, whereas the UV of imported goods increased by 0.6%.

Changes of unit values,
compared to corresponding quarter of previous year

Compared to the previous quarter, the average level of export unit value in the 4th quarter of 2011 was mostly lowered by the decrease in the UV of base metals and articles of base metal, as well as of wood and articles of wood.

The increase in the UV of prepared foodstuffs, of transport vehicles and parts thereof, as well as of textiles and textile articles had the greatest impact on the average level of import unit value in the 4th quarter of 2011, compared to the 3rd quarter.

Changes of unit values by main commodity groups, (%)

 

Unit value changes in 4th quarter of 2011
compared to

4th quarter of 2010

3rd quarter of 2011

exports

imports

exports

imports

Total

7.7

4.0

-0.6

0.6

Prepared foodstuffs (incl. beverages and tobacco products)

9.7

0.8

3.4

2.9

Mineral products

9.9

23.7

-0.8

-1.4

Products of the chemical and allied industries

-4.0

2.0

-0.5

-0.6

Plastics and articles thereof

12.2

1.9

-0.5

-0.2

Wood and articles of wood

4.3

11.5

-0.7

7.8

Textiles and textile articles

15.3

4.1

4.6

3.4

Base metals and articles of base metal

11.0

8.7

-3.4

2.0

Machinery and mechanical appliances; electrical equipment

-2.1

-4.0

1.4

0.2

Transport vehicles

1.6

-12.8

-0.8

4.3

Miscellaneous manufactured articles

-1.8

0.6

-3.1

3.1

More detailed information can be found in the CSB data base. Press release on changes of unit values of foreign trade in the 1st quarter of 2012 will be published on 25 May 2012.

 

Prepared by Producer Price Indices Section
Tatjana Ballode
Tel.67366813