On changes in the unit values of foreign trade in 2006

26.02.2007

Compared to 2005, the unit value (UV) in 2006 increased on average by 9.7% for exported goods and 9.3% for imported goods, according to the Central Statistical Bureau of Latvia.

Compared to the corresponding period of 2005, the unit value of exported goods in the 4th quarter of the previous year increased by 14.2% and the unit value of imported goods rose by 8.1%. Compared to the previous 3rd quarter, the unit value increased by 5.0% for exported goods and 0.3% for imported goods.

Changes in the unit value of foreign trade by quarter in 2006 were as follows:

(in per cent)

Unit value changes over

corresponding period of previous year

previous period

imports

exports

imports

exports

2006       I - IV

9,7

9,3

9,7

9,3

I

5,4

10,2

1,7

1,9

II

8,0

10,0

3,0

3,2

III

10,8

8,9

3,9

2,5

IV

14,2

8,1

5,0

0,3

Export unit value indices in the previous year and changes in the value by main commodity groups in the 4th quarter of 2006:

(in per cent)

Weights
2005

Unit value index
2006 (2005=100)

Unit value changes
IV quarter 2006
compared to

III quarter
2006

IV quarter
2005

Total exports

100,0

109,7

5,0

14,2

Prepared foodstuffs (incl. alcoholic beverages and tobacco products)

6,9

104,7

8,9

2,5

Mineral products

9,2

118,8

-6,5

3,1

Products of the chemical and allied industries

5,5

111,2

-0,3

8,7

Wood and articles of wood

24,8

104,4

15,4

19,6

Textiles and textile articles

8,7

102,7

1,4

4,6

Basic metals and articles of basic metals

13,1

122,0

4,7

28,7

Machinery and mechanical appliances; electrical equipment

9,3

104,8

0,8

5,5

Transport vehicles

4,0

112,3

-5,2

13,2

Miscellaneous manufactured articles

4,4

112,3

-1,9

11,3

Compared to the 3rd quarter, the average level of export unit value in the 4th quarter of 2006 was raised mostly by the UV increase of 3.8 percentage points for wood and articles of wood). The average UV level for exported goods was raised by the UV increases of 0.6 percentage points for prepared foodstuffs (mainly fish products) as well as for basic metals and articles of basic metals (especially for iron and non-alloy steel bars). The decreases of UV for mineral products (mainly diesel fuel) lowered in turn the average UV of exported goods by 0.6 percentage points and for transport vehicles by 0.2 percentage points.

Import unit value indices in 2006 and changes in the value by main commodity groups in the 4th quarter of 2006:

(in per cent)

Weights
2005

Unit value index
2006 (2005=100)

Unit value changes
IV quarter 2006
compared to

III quarter
2006

IV quarter
2005

Total imports

100,0

109,3

0,3

8,1

Vegetable products

2,7

115,1

6,7

17,8

Prepared foodstuffs (incl. alcoholic beverages and tobacco products)

6,0

104,8

2,2

3,0

Mineral products

15,4

122,3

-10,7

2,6

Products of the chemical and allied industries

8,4

104,4

3,4

5,6

Plastics and articles thereof

5,1

104,0

7,5

7,2

Wood and articles of wood

2,9

105,2

11,8

14,2

Pulp of wood; paper and paperboard

2,9

108,3

4,2

14,1

Textiles and textile articles

5,1

105,6

4,7

13,4

Articles of stone, plaster, cement, glassware and ceramic products

2,6

106,1

7,2

10,9

Basic metals and articles of basic metals

9,2

107,1

4,9

16,7

Machinery and mechanical appliances; electrical equipment

19,9

109,0

0,0

7,9

Transport vehicles

10,8

105,7

-0,6

7,1

Miscellaneous manufactured articles

3,0

108,4

3,2

7,2

Compared to the previous quarter, the average level of import unit value in the 4th quarter last year was raised mostly by the UV increases for basic metals and articles of basic metals (especially for iron and non-alloy rolled metals and steel bars) as well as for plastics and plastic products (by 0.5 and 0.4 percentage points, respectively). The overall UV level was raised by the following UV increases: 0.3 percentage points for the products of the chemical and allied industries as well as for wood and articles of wood and 0.2 percentage points for vegetable products, textiles and textile articles as well as for the articles of stone, plaster, cement, glassware and ceramic products. Over the same period the greatest lowering effect (by 1.7 percentage points) has been due to a fall in the UV of mineral products (mainly petrol).

Prepared by the Price Statistics Department
Producer Price Indices Section
Tel. 7366813
Aleksandrs Grzibovskis