In December exports of prepared foodstuffs decreases

10.02.2014

Provisional data of the Central Statistical Bureau show that in December 2013 compared to November exports value of goods at current prices reduced by 12.2%, but imports value of goods by 4.3%. In December foreign trade balance slightly worsened as exports in total foreign trade value dropped to 45.0% (in November 2013 – 47.1%). Annual data on foreign trade of Latvia in 2013 will be published on February 17.

Latvias foreign trade, in mln euros1

Data source: Central Statistical Bureau of Latvia

In December, compared to November, exports of prepared foodstuffs reduced by 20.9 mln euros (14.7 mln lats) or 18.0%. The greatest influence had decrease of exports of spirits - by 14.7 mln euros (10.3 mln lats) or by 24.8%. Mostly exports of these goods reduced to Russia - by 13.0 mln euros (9.1 mln lats), and to Kazakhstan - by 1.7 mln euros (1.2 mln lats).

Main changes in exports in December, compared to the previous month:

  • exports of products of the chemical and allied industries grew by 7.0 mln euros (4.9 mln lats) or 11.0%,
  • exports of machinery and mechanical appliances; electrical equipment dropped by 22.2 mln euros (15.6 mln lats) or 14.9%,
  • exports of mineral products reduced by 20.8 mln euros (14.6 mln lats) or 27.1%,
  • exports of basic metals and articles of basic metals decreased by 19.3 mln euros (13.6 mln lats) or 21.6%,

Main changes in imports in December, compared to the previous month:

  • imports of transport vehicles and equipment rose by 19.7 mln euros (13.9 mln lats) or 33.0%,
  • imports of basic metals and articles of basic metals fell by 18.6 mln euros (13.1 mln lats) or 20.2%,
  • imports of mineral products reduced by 7.7 mln euros (5.4 mln lats) or 4.8%,
  • imports of machinery and mechanical appliances; electrical equipment dropped by 7.2 mln euros (5.1 mln lats) or 3.6%.

In December the most significant share in Latvia’s exports – 66.2% had dispatches to the countries of European Union, followed by the exports to CIS countries with 19.8%. Main exports partners were Lithuania (16.9% of total exports), Russia (14.3%), Estonia (11.9%), Germany (5.5%) and Poland (5.2%).

Changes of main commodities in Latvias exports in December 2013, at current prices

 

thsd euros

thsd lats

% of

total

% (+, -) over

December 2012

November 2013

average of previous 12 months

Total

805 050

565 793

100

+0.6

-12.2

-3.5

wood and wood products; wood charcoal

124 658

87 610

15.5

+24.8

-11.9

-5.8

electrical machinery and equipment

84 122

59 121

10.4

+15.5

-17.6

+0.7

beverages, spirits and vinegar

55 216

38 806

6.9

+16.8

-23.7

+34.1

mineral fuels, mineral oils and products of their distillation

51 627

36 284

6.4

-1.4

-28.3

-24.0

machinery and mechanical appliances

42 732

30 032

5.3

-10.5

-9.1

-4.8

iron and steel

34 413

24 186

4.3

-38.9

+20.3

-21.9

pharmaceutical products

33 305

23 407

4.1

+43.3

+9.4

+41.4

cereals

27 605

19 401

3.4

-64.4

-10.2

-1.5

vehicles other than railway or tramway rolling stock, and parts and accessories thereof

24 280

17 064

3.0

-30.5

-17.2

-24.4

Rise of exports of wood and wood products; wood charcoal in December 2013, as compared to December 2012, was mostly affected by the increase in exports of sawn wood of 13.0 mln euros (9.1 mln lats) or 55.1%.

While exports of cereals reduced rapidly as exports of wheat and meslin decreased by 43.8 mln euros (30.8 mln lats) or by 63.8%.

The most significant share in Latvia’s imports – 78.8% had arrivals from the countries of European Union, followed by the imports from CIS countries with 13.8%. Main imports partners were Lithuania (19.8% of total imports), Germany (10.8%), Russia (9.8%), Poland (9.4%) and Estonia (8.3%).

Changes of main commodities in Latvias imports in December 2013, at current prices

 

thsd euros

thsd lats

% of

total

% (+, -) over

December 2012

November 2013

average of previous 12 months

Total

984 102

691 631

100

-0.9

-4.3

-5.5

mineral fuels, mineral oils and products of their distillation

149 854

105 318

15.2

-18.2

-4.5

-14.3

electrical machinery and equipment

96 990

68 165

9.9

+9.0

-13.1

-3.3

machinery and mechanical appliances

96 835

68 056

9.8

-9.2

+8.3

+6.0

vehicles other than railway or tramway rolling stock, and parts and accessories thereof

69 630

48 936

7.1

+10.7

+24.7

+1.4

pharmaceutical products

42 472

29 849

4.3

+13.1

+4.7

+10.2

plastics and articles thereof

33 534

23 568

3.4

+5.8

-11.8

-17.6

iron and steel

28 870

20 290

2.9

-37.4

-21.6

-31.7

Rise of imports of electrical machinery and equipment in December 2013, as compared to December 2012, was mostly affected by the increase in imports of mobile phones of 6.3 mln euros (4.4 mln lats) or 32.3%.

While diminish in the imports of iron and steel was affected by the decline in the imports of waste and scrap of cast iron by 14.6 mln euros (10.2 mln lats) or 82.4%.

 

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”Short term statistical data.

 

More information:
Foreign trade statistics methodology, analysis and dissemination section
Lilita Laganovska
Tel.: +371 67366604



1 Data on March, April and September 2013 have been revised.