Foreign trade of Latvia in 2011
In 2011, the total volume of goods in foreign trade of Latvia at current prices reached LVL 13 599.3 million – LVL 2 992.5 million or 28.2% more than in 2010, according to provisional data of the Central Statistical Bureau. Of which export volume increased by LVL 1 317.1 million or 28.1%, whereas import volume – by LVL 1 675.4 million or 28.3%.
A slight decline in foreign trade balance could be observed in 2011, as export share in the total foreign trade volume decreased to 44.2% (44.3% in 2010).
| Foreign trade of Latvia at current prices by quarter, million LVL1 |
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1 Data on the 1st, 2nd and 3rd quarter of 2011 have been revised.
In the result of commodity price changes, export volume at constant prices in 2011 increased by 14.2% and import volume – by 21.0%, as compared to 2010.
Volume changes of foreign trade of Latvia; at constant prices
Quarters 2011 | Export, % (+, -) over | Import, % (+, -) over | ||
previous quarter | corresponding quarter of the previous year | previous quarter | corresponding quarter of the previous year | |
1st quarter | -6.4 | +21.8 | -6.3 | +28.1 |
2nd quarter | +10.9 | +17.8 | +10.7 | +30.0 |
3rd quarter | +4.7 | +9.9 | +9.9 | +21.4 |
4th quarter | +1.9 | +10.6 | -3.8 | +9.9 |
In 2011, in accordance with the BEC classification the volume of exported capital goods at current prices increased by 17.5%, of intermediate goods – by 23.8% and of consumer goods – by 18.2%, as compared to 2010. In its turn, the increase in the volume of imported goods in the above-mentioned categories comprised 34.9%, 30.6% and 7.6% accordingly.
Export and import of Latvia according to the BEC2 classification, at current prices
Commodity groups | Export | Import | ||||||
2010 | 2011 | 2010 | 2011 | |||||
mln LVL | as % of total volume | mln LVL | as % of total volume | mln LVL | as % of total volume | mln LVL | as % of total volume | |
Total | 4 694.9 | 100 | 6 012.0 | 100 | 5 911.9 | 100 | 7 587.3 | 100 |
Capital goods | 405.4 | 8.6 | 476.2 | 7.9 | 669.5 | 11.3 | 903.3 | 11.9 |
Intermediate goods | 2 795.2 | 59.5 | 3 460.3 | 57.6 | 2 851.6 | 48.2 | 3 724.4 | 49.1 |
Consumer goods | 1 208.0 | 25.7 | 1 427.4 | 23.8 | 1 666.3 | 28.2 | 1 792.6 | 23.6 |
Goods not elsewhere specified; not broken down by category | 148.4 | 3.2 | 446.8 | 7.4 | 461.4 | 7.8 | 766.9 | 10.1 |
Passenger motor cars 3 | 131.5 | 2.8 | 198.4 | 3.3 | 164.6 | 2.8 | 268.6 | 3.6 |
Automotive fuel 3 | 6.4 | 0.1 | 2.9 | 0.0 | 98.5 | 1.7 | 131.5 | 1.7 |
2 Classification by Broad Economic Categories.
3 Commodities included in several BEC categories.
According to the BEC classification, exported and imported goods can be grouped in categories by possible kind of their utilisation. Capital goods are composed of fixed assets, whereas intermediate goods – industrial supplies provided for further processing. Goods produced for the needs of the population are treated as consumer goods. Other goods not included in the above-mentioned categories (e.g., military equipment and other specific goods) belong to the category “goods not elsewhere specified”.
Composition of foreign trade of Latvia by kind of economic activity of enterprises according to NACE Rev. 2 classification in 2011, at current prices
Exporters/importers by main kind of economic activity | Export | Import | Foreign trade balance, mln LVL (+,-) | |||
mln LVL | as % of total volume | mln LVL | as % of total volume | |||
Total | 6 012.0 | 100 | 7 587.3 | 100 | -1 575.3 | |
Agriculture, forestry and fishing | 129.8 | 2.2 | 63.1 | 0.8 | 66.7 | |
Mining and quarrying | 51.7 | 0.9 | 13.8 | 0.2 | 37.9 | |
Manufacturing | 2 419.8 | 40.2 | 1 232.9 | 16.2 | 1 186.9 | |
| of which: |
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| manufacture of food products, beverages and tobacco | 307.0 | 5.1 | 233.4 | 3.1 | 73.6 |
| manufacture of textiles, apparel | 151.5 | 2.5 | 94.9 | 1.3 | 56.6 |
| manufacture of wood and paper products; printing | 726.4 | 12.1 | 148.8 | 2.0 | 577.5 |
| manufacture of chemicals and chemical products; manufacture of pharmaceuticals, medical chemical and botanical products | 215.2 | 3.6 | 111.2 | 1.5 | 104.0 |
| manufacture of rubber and plastics products, and other non-metallic mineral products | 187.4 | 3.1 | 117.0 | 1.5 | 70.4 |
| manufacture of basic metals and fabricated metal products | 422.3 | 7.0 | 281.4 | 3.7 | 140.9 |
| manufacture of computer, electronic and optical products; manufacture of electrical equipment | 148.3 | 2.5 | 83.4 | 1.1 | 64.9 |
| manufacture of transport equipment | 83.9 | 1.4 | 51.3 | 0.7 | 32.5 |
| manufacture of furniture | 63.2 | 1.1 | 23.8 | 0.3 | 39.4 |
| other manufacturing sectors | 114.7 | 1.9 | 87.5 | 1.2 | 27.2 |
Electricity, gas, steam and air conditioning supply | 77.7 | 1.3 | 491.0 | 6.5 | -413.3 | |
Water supply, sewerage, waste management and remediation activities | 40.8 | 0.7 | 12.0 | 0.2 | 28.9 | |
Construction | 39.2 | 0.7 | 85.3 | 1.1 | -46.1 | |
Wholesale and retail trade; repair of motor vehicles and motorcycles | 2 348.6 | 39.1 | 4 372.6 | 57.6 | -2 024.0 | |
Transport and storage | 243.9 | 4.1 | 161.5 | 2.1 | 82.4 | |
Other kinds of economic activity; without breakdown | 660.5 | 11.0 | 1 155.1 | 15.2 | -494.6 | |
Prepared by Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
tel. 67366604