On changes of foreign trade unit value in 2012

22.02.2013

In 2012, compared to 2011, the average level of export unit value (UV) grew by 3.7 % and the average level of import unit value rose by 7.9 %, according to the data of the Central Statistical Bureau of Latvia.

Compared to the 4th quarter of 2011, the unit value in the 4th quarter of 2012 increased by 5.5 % for exported goods and by 7.5 % for imported goods. In its turn, compared to the previous quarter, unit value of exported goods increased by 1.4 %, while the UV of imported goods rose by 0.1 %.

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

Compared to the previous quarter, the average level of export unit value in the 4th quarter of 2012 was mostly influenced by the UV growth for prepared foodstuffs, live animals and animal products, as well as for wood and articles of wood.

The increase in the UV of prepared foodstuffs, of products of the chemical and allied industries as well as of live animals and animal products had the greatest impact on the average level of import unit value in the 4th quarter of 2012, as compared to the 3rd quarter.

 

Changes in unit values by main commodity group, (%)

 

Unit value changes in the 4th quarter of 2012 compared to

4th quarter of 2011

3rd quarter of 2012

exports

imports

exports

imports

Total

5.5

7.5

1.4

0.1

Live animals and animal products

4.8

9.3

6.6

2.7

Vegetation products

20.8

11.4

5.9

0.0

Prepared foodstuffs (incl. beverages and tobacco products)

16.7

8.8

5.4

2.1

Mineral products

3.1

11.1

-0.8

0.0

Products of the chemical and allied industries

8.6

3.5

2.4

1.1

Plastics and articles thereof

9.9

9.2

0.1

0.3

Wood and articles of wood

1.2

3.1

1.6

-0.9

Textiles and textile articles

5.6

5.4

1.7

-0.3

Base metals and articles of base metal

-2.2

-0.7

-1.6

-1.5

Machinery and mechanical appliances; electrical equipment

10.2

5.4

0.2

-0.3

Transport vehicles

-4.6

14.0

-0.7

0.8

More detailed information is available in the CSB data base. Information on export and import unit value indices in the 1st quarter of 2013 will be published in CSB databases on 27 May 2013. From now on, press releases on foreign trade unit value changes will no longer be published.


Prepared by Producer Price Indices Section
Tatjana Ballode
Tel. 67366813