Exports of cereals increases in June

09.08.2013

Provisional data of the Central Statistical Bureau show that in June 2013 compared to May exports value of goods at current prices reduced by 2.5%, but imports value of goods – increased by 0.3%. In June foreign trade balance slightly worsened as exports in total foreign trade value dropped to 45.6% (in May of this year – 46.3%), see picture:

Latvia’s foreign trade, in mln lats 1

Data source: Central Statistical Bureau of Latvia

In June export of vegetable products, compared to May, increased by 20.4 mln lats or 2.3 times. Export of vegetable products was mostly impacted by rise of export of wheat and meslin, and brans – by 24.4 mln lats or 18.8 times. In June majority of wheat and meslin, and brans was exported to Algeria for 14.3 mln lats, to France – for 4.8 mln lats and to the Netherlands - for 4.3 mln lats.

Main changes in exports in June, compared to May of this year:

  • export of transport vehicles grew by 4.5 mln lats or 17.2%,
  • export of wood and articles of wood decreased by 11.7 mln lats or 11.3%,
  • reduction of export of prepared foodstuffs comprised 6.2 mln lats or 11.3%.

Main changes in imports in June, compared to May of this year:

  • import of transport vehicles grew by 14.0 mln lats or 35.8%,
  • import of basic metals and articles of basic metals increased by 5.8 mln lats or 10.4%,
  • import of textiles and textile articles reduced by 7.7 mln lats or 22.5%.

In June the most significant share in Latvia’s export – 69.9% had dispatches to the countries of European Union, followed by the export to CIS countries with 16.6%. Main export partners were Lithuania (16.8% of total export), Russia (12.4%), Estonia (12.0%), Germany (7.6%) and Poland (5.3%).

The most significant share in Latvia’s import – 82.0% had arrivals from the countries of European Union, followed by the import from CIS countries with 9.4%. Main import partners were Lithuania (21.7% of total import), Germany (11.9%), Poland (10.3%), Estonia (8.4%) and Russia (5.3%).

Changes of main commodities in Latvia’s export in June 2013, at current prices

 

thsd lats

% of

total

% (+, -) over

 June 2012

 May 2013

average of previous 12 months

Total

554 337

100

+1.8

-2.5

-7.1

 

wood and wood products; wood charcoal

92 279

16.6

+4.0

-11.2

+3.8

 

electrical machinery and equipment

57 940

10.5

+27.2

-6.8

+2.4

 

mineral fuels, mineral oils and products of their distillation

38 793

7.0

+14.7

-5.2

-14.2

 

machinery and mechanical appliances

30 951

5.6

+6.0

+0.9

-3.9

 

cereals

26 642

4.8

+3.8 times

+10.1 time

+2.5

 

beverages, spirits and vinegar

23 244

4.2

-14.7

-12.8

-17.0

 

iron and steel

23 227

4.2

-51.2

-9.3

-47.5

 

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

19 296

3.5

-34.4

+3.7

-23.1

 

articles of iron or steel

18 059

3.3

-22.2

-6.3

-0.9

 

pharmaceutical products

16 198

2.9

-2.1

+3.5

-0.1

In June 2013, compared to June of previous year, rapid increase of electrical machinery and equipment both in export and import was mostly affected by trade in mobile telephones. Their export rose by 9.5 mln lats or 2.3 times and import - by 7.9 mln lats or 86.0%.

In its turn, export and import of iron and steel reduced significantly as export of iron and non-alloy steel bars decreased by 21.7 mln lats or 92.7% and import of waste and scrap of cast iron dropped by 19.4 mln lats or 88.7%.

Changes of main commodities in Latvia’s import in June 2013, at current prices

 

thsd lats

% of

total

% (+, -) over

 June 2012

 May 2013

average of previous 12 months

Total

661 423

100

-9.9

+0.3

-10.6

 

mineral fuels, mineral oils and products of their distillation

100 133

15.1

-15.6

+2.7

-20.9

 

electrical machinery and equipment

68 592

10.4

+20.9

+2.6

+2.8

 

machinery and mechanical appliances

54 594

8.3

-29.7

-8.2

-22.2

 

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

47 621

7.2

-15.7

+35.3

-4.0

 

plastics and articles thereof

29 672

4.5

-1.4

-8.5

+5.3

 

pharmaceutical products

23 747

3.6

+3.9

+0.6

-7.1

 

iron and steel

23 038

3.5

-50.1

+5.8

-36.3

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
Elga Bendrāte
Tel.:67366889

 


1 Data on March 2013 have been revised.