Foreign trade of Latvia in April 2008

09.06.2008

Total foreign trade turnover at current prices in April 2008 reached 1091.9 mln lats – increase of 83.8 mln lats or 8.3% compared to previous month and 140.9 mln lats or 14.8% more than in April of previous year, according to the estimated data of Central Statistical Bureau.

Latvia’s foreign trade, mln lats1

1) Data on November 2007 and January 2008 have been revised.

Main commodities in Latvia’s export in April 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

March 2008

April 2007

Exports - total

403 361

100

+6,6

+24,7

72,9

Agricultural and food products (I-IV)

57 283

14,2

+5,9

+17,7

67,4

of which - prepared foodstuffs (IV)

29 677

7,4

+10,5

-5,5

55,6

Products of the chemical and allied industries (VI)

28 698

7,1

-12,7

+29,8

68,1

Plastics and articles thereof; rubber and articles thereof (VII)

11 296

2,8

+11,1

+20,9

75,7

Wood and articles of wood (IX)

71 682

17,8

+2,4

-9,0

90,6

Textiles and textile articles (XI)

22 863

5,7

+0,1

+2,4

70,8

Base metals and articles of base metals (XV)

74 696

18,5

+23,2

+49,1

65,9

Machinery and mechanical appliances; electrical equipment (XVI)

47 872

11,9

+4,9

+52,9

65,5

Transport vehicles (XVII)

32 596

8,1

+0,7

+73,2

82,9

Miscellaneous manufactured articles; including furniture (XX)

13 099

3,2

-8,4

+14,5

72,0

Other goods

43 276

10,7

+22,0

+41,4

67,8

Compared to previous month, in April 2008 the most rapid increase at current prices was observed in the exports of iron and non-alloy steel – by 56.6%, of electrical machinery and equipment – by 30.6%, of wood in the rough – by 17.5%, but the exports of pharmaceutical products decreased by 31.2%, as well as, did exports of milk, cream and diary products, except butter, cheese and curd – by 16.2%, of machinery and mechanical appliances – by 14.0%, and of veneer sheets and plywood – by 13.5%.

Compared to April 2007, in April 2008 the most notable increase witnessed exports of electrical machinery and equipment – 69.3%, of iron and non-alloy steel – 61.0%, of articles of iron or steel – 40.2%, of machinery and mechanical appliances – 38.0%, but exports of sawn wood decreased by 30.3%, as well as, did exports of chocolate and other food preparations containing cocoa – by 27.4%, of wood in the rough – by 26.1%, and of fuel wood – by 18.8%.

Main commodities in Latvia’s imports in April 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

March 2008

April 2007

Imports - total

688 529

100

+9,3

+9,7

76,8

Agricultural and food products (I-IV)

90 843

13,2

+2,1

+31,0

86,1

of which - prepared foodstuffs (IV)

44 833

6,5

+8,4

+24,6

85,8

Mineral products (V) 1)

85 995

12,5

+9,7

+37,4

44,7

Products of the chemical and allied industries (VI)

69 611

10,1

+5,9

+23,0

76,0

Plastics and articles thereof; rubber and articles thereof (VII)

31 462

4,6

-5,7

+7,1

88,6

Wood and articles of wood (IX)

14 125

2,1

+2,7

-42,7

56,2

Textiles and textile articles (XI)

30 928

4,5

+5,7

+11,4

86,0

Base metals and articles of base metals (XV)

67 416

9,8

+15,1

+3,5

54,4

Machinery and mechanical appliances; electrical equipment (XVI)

136 359

19,8

+24,6

+5,6

87,2

Transport vehicles (XVII)

85 522

12,4

+6,3

-7,6

91,8

Miscellaneous manufactured articles; including furniture (XX)

20 595

3,0

+6,4

+17,0

80,0

Other goods

55673

8,1

+6,3

+5,7

82,9

¹) This group includes useful minerals, oil and oil products, natural gas and electricity.

Compared to month before, in April 2008 the most rapid growth at current prices was observed in imports of machinery and mechanical appliances – by 36.5%, of iron and non-alloy steel – by 27.8%, of articles of iron or steel – by 16.9%, of electrical machinery and equipment – by 10.3%, but the imports of electricity reduced by 32.8%, as well as, did imports of plastics in primary forms – by 17.2%, of passenger cars – by 8.8%, and of natural gas – by 7.1%.

Compared to April 2007, in April 2008 the most notable rise had imports of diesel oil – by 45.4%, of natural gas – by 37.8%, of pharmaceutical products – by 19.3%, of paper and paperboard, articles of paper – by 18.1%, but imports of sawn wood reduced by 69.4%, of passenger cars – by 31.9%, of mobile telephones – by 25.4%, and of articles of iron or steel – by 7.8%.

Main partners of Latvia’s foreign trade, at current prices

Groups of countries, countries

February 2008

March 2008

February 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

403 361

100

378 385

100

323 511

100

EU countries,

294 228

72,9

280 852

74,2

255 057

78,8

CIS

58 616

14,5

59 370

15,7

41 785

12,9

Other countries

50 517

12,5

38 163

10,1

26 669

8,2

Main exports partners:

Lithuania

66 811

16,6

62 957

16,6

52 722

16,3

Estonia

56 945

14,1

48 455

12,8

49 609

15,3

Russia

39 535

9,8

42 189

11,1

27 380

8,5

Germany

39 233

9,7

29 174

7,7

26 953

8,3

Sweden

31 321

7,8

24 312

6,4

26 126

8,1

United Kingdom

17 570

4,4

17 154

4,5

22 088

6,8

Denmark

15 206

3,8

14 336

3,8

12 056

3,7

Imports - total

688 529

100

629 696

100

627 501

100

EU countries,

EU countries,

528 748

76,8

498 419

79,2

481 629

76,8

CIS

CIS

102 481

14,9

81 439

12,9

91 102

14,5

Other

Other countries

57 300

8,3

49 838

7,9

54 770

8,7

Main imports partners:

Germany

104 110

15,1

94 700

15,0

88 934

14,2

Lithuania

103 894

15,1

90 957

14,4

87 373

13,9

Russia

64 846

9,4

50 934

8,1

57 037

9,1

Estonia

48 627

7,1

50 915

8,1

54 308

8,7

Poland

47 610

6,9

43 582

6,9

43 382

6,9

Sweden

36 476

5,3

36 024

5,7

30 734

4,9

Finland

33 771

4,9

32 170

5,1

31 445

5,0

Total foreign trade turnover at current prices in January – April 2008 was 11.2% or 410.9 mln lats more than in the corresponding period of previous year, and its value reached 4072.7 mln lats.

Foreign trade of Latvia in January - April 2008, at current prices

Exports

Imports

Total

EU countries, % of total of the group

Total

EU countries, % of total of the group

thsd lats

% of total

thsd lats

% of total

Total

1 491 909

100

75,9

2 580 805

100

77,0

Agricultural and food products (I-IV)

225 205

15,1

71,0

340 680

13,2

86,8

Live animals and animal products (I)

52 317

3,5

84,0

70 236

2,7

93,9

Vegetation products (II)

58 647

3,9

86,5

90 157

3,5

79,0

Fats and oils (III)

3 045

0,2

96,8

13 376

0,5

97,8

Prepared foodstuffs (IV)

111 196

7,5

56,0

166 911

6,5

87,1

Mineral products (V) 1)

59 542

4,0

60,1

345 845

13,4

45,4

Products of the chemical and allied industries (VI)

119 119

8,0

68,3

256 892

10,0

78,9

Plastics and articles thereof; rubber and articles thereof (VII)

39 281

2,6

72,5

121 850

4,7

86,9

Raw hides, leather, furskins and articles thereof (VIII)

6 216

0,4

88,5

9 094

0,4

84,4

Wood and articles of wood (IX)

286 647

19,2

90,7

61 081

2,4

54,4

Pulp of wood; paper and paperboard (X)

30 169

2,0

82,7

63 864

2,5

85,7

Textiles and textile articles (XI)

90 896

6,1

68,8

116 337

4,5

84,3

Footwear, headgear, umbrellas and other articles (XII)

5 191

0,3

84,2

27 886

1,1

86,6

Articles of stone, plaster, cement, glassware and ceramic products (XIII)

30 781

2,1

78,5

51 849

2,0

87,5

Precious, semiprecious stone, precious metals, metals clad with precious metal and articles thereof (XIV)

3 591

0,2

83,3

11 858

0,5

47,4

Base metals and articles of base metals (XV)

238 536

16,0

77,7

248 857

9,6

59,0

Machinery and mechanical appliances; electrical equipment (XVI)

173 001

11,6

67,0

475 437

18,4

85,5

Transport vehicles (XVII)

113 164

7,6

81,8

328 769

12,7

93,3

Optical instruments and apparatus (inc. medical); clocks and watches; musical instruments (XVIII)

13 573

0,9

46,6

40 315

1,6

83,4

Arms and ammunition (XIX)

12

0,0

-

2 595

0,1

89,1

Miscellaneous manufactured articles; including furniture (XX)

55 798

3,7

74,0

77 430

3,0

79,3

Works of art, collectors pieces and antiques (XXI)

19

0,0

-

165

0,0

57,3

Other goods

1 167

0,1

72,5

-

-

-

¹) This group includes useful minerals, oil and oil products, natural gas and electricity.

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” monthly/quarterly, annual data.

Prepared by the Foreign Trade Section
Tel.67366604
Lilita Laganovska