Foreign trade of Latvia in August 2012

10.10.2012

Provisional data of the Central Statistical Bureau show that the total foreign trade turnover at current prices in August 2012 comprised LVL 1368.8 million – 8.1% or LVL 102.9 million more than a month ago and 11.0% or LVL 136.2 million more than in August 2011.

As compared to the previous month, in August 2012 export value increased by 12.7% and import value - by 4.6%. The most significant growth was recorded in export of vegetation products - of LVL 26.7 million or 3.5 times (of which of oilseeds –  by LVL 20.6 million or 12.6 times), in export of mineral products – of LVL 13.4 million or 23.4% and in export of machinery and mechanical appliances; electrical equipment – of LVL 8.4 million or 11.1%. In its turn, import growth was mostly affected by increase in import of mineral products - of LVL 33.7 million or 28.5%, as well as in import of products of the chemical and allied industries – of LVL 9.3 million or 16.2% and in import of vegetation products - of LVL 8.5 million or 36.7% (of which of oilseeds –  by LVL 4.6 million or 4.1 times).

In January – August 2012 foreign trade turnover value reached LVL 9860.2 million – 13.0% or LVL 1132.8 million more than in the corresponding period of the previous year. Of which exports comprised LVL 4287.9 million – an increase of 11.9% or LVL 456.7 million, whereas imports constituted LVL 5572.3 million – 13.8% or LVL 676.1 million more than a year ago.

Foreign trade of Latvia, million LVL1

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1)  Data on May 2012 have been revised.

Main commodities in Latvia’s foreign trade in August 2012, at current prices

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

August 2011

 

thousand LVL

% of

total

% (+, -)

over

August 2011

Total

620 587

100

+14.9

748 214

100

+8.0

-127 627

Agricultural and food products (I-IV)

117 939

19.0

+32.5

117 272

15.7

+22.2

+667

Live animals and animal products (I)

24 437

3.9

+10.1

22 826

3.1

+2.2

+1 611

 

meat and offal (02)

2 958

0.5

-5.6

7 194

1.0

-21.0

-4 236

 

fish (fresh, frozen, smoked) (03)

4 805

0.8

+48.4

6 829

0.9

+30.3

-2 024

 

dairy produce, eggs (04)

14 108

2.3

+7.4

6 997

0.9

-3.5

+7 111

Vegetation products (II)

37 368

6.0

+26.0

31 598

4.2

+43.2

+5 770

 

edible fruit and nuts (08)

3 650

0.6

-12.2

10 138

1.4

+57.6

-6 488

 

cereals (10)

5 447

0.9

-57.8

6 049

0.8

+20.4

-602

 

oilseeds (12)

22 414

3.6

+2.6 times

5 582

0.7

+2.9 times

+16 832

Prepared foodstuffs (IV)

53 856

8.7

+51.1

54 767

7.3

+19.9

-911

 

preparations of meat, or fish (16)

6 183

1.0

+37.3

3 236

0.4

+11.6

+2 947

 

miscellaneous edible preparations (incl. coffee, tea, etc.)(21)

2 369

0.4

+61.3

6 459

0.9

+10.7

-4 090

 

beverages, spirits and vinegar (22)

32 210

5.2

+79.9

15 145

2.0

+15.7

+17 065

 

tobacco and manufactured tobacco substitutes (24)

1 633

0.3

-7.7

4 000

0.5

+32.8

-2 367

Mineral products (V) 1)

70 597

11.4

+27.1

151 868

20.3

+14.5

-81 271

 

 

mineral fuels, mineral oils and products of their distillation (27)

65 603

10.6

+28.2

147 812

19.8

+14.6

-82 209

Products of the chemical and allied industries (VI)

40 815

6.6

-0.2

66 494

8.9

+9.1

-25 679

 

pharmaceutical products (30)

14 273

2.3

-18.0

26 334

3.5

-0.2

-12 061

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

21 012

3.4

+16.9

40 770

5.4

+1.2

-19 758

 

plastics and articles thereof (39)

14 793

2.4

+9.5

28 747

3.8

+2.2

-13 954

Wood and articles of wood; wood charcoal; cork and articles of cork; manufactures of straw, of esparto or of other plaiting materials (IX)

92 116

14.8

+6.2

11 737

1.6

+24.0

+80 379

 

wood and articles of wood; wood charcoal (44)

92 032

14.8

+6.2

11 632

1.6

+24.2

+80 400

Pulp of wood or of other fibrous cellulosic material; paper and paperboard and articles thereof (X)

13 537

2.2

+4.7

16 722

2.2

-4.5

-3 185

 

paper and paperboard; articles of paper pulp, of paper or of paperboard (48)

7 520

1.2

-10.4

14 867

2.0

-6.5

-7 347

 

products of the printing industry; manuscripts (49)

5 201

0.8

+25.7

1 659

0.2

+12.4

+3 542

Textiles and textile articles (XI)

26 024

4.2

+14.2

35 040

4.7

+9.2

-9 016

 

knitted or crocheted fabrics (60)

1 153

0.2

-17.0

1 587

0.2

+14.8

-434

 

articles of apparel and clothing accessories, knitted or crocheted (61)

8 093

1.3

+0.5

10 324

1.4

+14.5

-2 231

 

 

articles of apparel and clothing accessories, not knitted or crocheted (62)

9 896

1.6

+28.1

12 353

1.7

+6.5

-2 457

Base metals and articles of base metals (XV)

82 999

13.4

+2.4

67 723

9.1

-10.2

+15 276

 

iron and steel (72)

53 316

8.6

+24.3

37 043

5.0

-12.9

+16 273

 

articles of iron or  steel (73)

18 381

3.0

-5.6

15 868

2.1

-13.0

+2 513

Machinery and mechanical appliances; electrical equipment (XVI)

84 783

13.7

+33.8

131 220

17.5

+7.9

-46 437

 

machinery and mechanical appliances (84)

33 397

5.4

+22.1

67 874

9.1

-4.9

-34 477

 

electrical machinery and equipment (85)

51 385

8.3

+42.7

63 346

8.5

+26.1

-11 961

Vehicles, aircraft, vessels and associated transport equipment (XVII)

26 492

4.3

-17.7

46 329

6.2

-15.0

-19 837

 

 

vehicles other than railway or tramway rolling stock, and parts and accessories thereof (87)

23 763

3.8

-21.5

37 963

5.1

-23.2

-14 200

Miscellaneous manufactured articles (XX)

16 844

2.7

+25.4

18 900

2.5

+34.7

-2 056

 

 

furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings (94)

14 013

2.3

+26.4

12 638

1.7

+42.3

+1 375

Other goods

27 429

4.4

+14.5

44 139

5.9

+15.4

-16 710

______________                                        

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

In August 2012 the most significant share (69.0%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 15.8%. The main export partners were Lithuania (15.6% of the total export volume), Estonia (12.4%), Russia (11.6%), Germany (7.2%) and Poland (6.8%).

In August 2012 the most significant share in Latvia’s import had import from the countries of the European Union (79.5%), followed by import from the CIS countries – 11.6%. The main import partners were Lithuania (24.2% of the total import volume), Germany (10.3%), Poland (8.6%), Estonia (7.7%) and Russia (6.9%).

 

More information on Latvia’s foreign trade by month and quarter, by country group and commodity group is available in the CSB data base section Foreign trade Short term statistical data.  

 

Prepared by Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
tel.67366604