Foreign trade of Latvia in December 2010

10.02.2011

In December 2010 the total foreign trade turnover at current prices reached 1032.6 mln lats – more by 4.0% or 40.0 mln lats than a month before and more by 43.2% or 311.5 mln lats than in December 2009, according to provisional data of Central Statistical Bureau.

In 2010 foreign trade turnover value reached 10507.3 mln lats – more by 26.4% or 2195.3 mln lats than in 2009. Of which exports value comprised 4666.5 mln lats – more by 29.5% or 1064.3 mln lats, but imports value comprised 5840.8 mln lats – more by 24.0% or 1131.0 mln lats than in 2009.

Latvia’s foreign trade, mln lats1

1) Data on July and September 2010 have been revised.

 

In December 2010, compared to December 2009, exports increase (at current prices) was observed in all main commodities groups, especially it grew on articles of iron or steel – by 85.4%, on articles of apparel and clothing accessories, knitted or crocheted – by 57.6%, on wood and articles of wood – by 41.6%. Meanwhile exports of agricultural and food products rose by 38.2%, of which of fish (fresh, frozen, smoked) – by 80.8%, of beverages, spirits and vinegar – by 78.2%, of dairy produce, eggs – by 49.2%, of cereals – by 37.1%.

In December 2010, compared to December 2009, imports of iron and steel (at current prices) grew most rapidly – 2.2 times, of machinery and mechanical appliances – by 78.1%, of wood and articles of wood – by 50.0%, of electrical machinery and equipment – by 48.6%, of pharmaceutical products – by 46.5%, of mineral fuels, mineral oils and products of their distillation – by 40.5%, of plastics and articles thereof – by 10.4%. In its turn imports of agricultural and food products reduced by 4.5%, of which of meat and offal – by 18.9%, of cereals – by 17.1%.

In December 2010 the most significant share (70.5%) in Latvia’s export had export to the countries of European Union, followed by the export to CIS countries – 16.6%. Main export partners were Lithuania (17.8% of total export), Estonia (13.0%), Russia (11.5%), Germany (9.2%) and Sweden (7.0%).

In December 2010 the most significant share in Latvia’s import had import from the countries of European Union (74.9%), followed by the import from CIS countries – 16.7%. Main import partners were Lithuania (15.7% of total import), Russia (12.1%), Germany (9.7%), Poland (6.3%) and Estonia (5.9%).

Due to necessity to ensure confidentiality of respondent data accordingly Regulation (EC) No 638/2004 of the European Parliament and of the Council, extended data on foreign trade statistics will be published after 15 February, 2011.

 

Prepared by Foreign trade statistics methodology, analysis and dissemination section
Lilita Laganovska
Tel. 67366604