Foreign trade of Latvia in December 2012

11.02.2013

Provisional data of the Central Statistical Bureau show that in December 2012, the total foreign trade turnover at current prices comprised LVL 1 237.5 million – 15.0 % or LVL 218.8 million less than a month before and 6.1% or LVL 70.8 million more than in December 2011.

As compared to the previous month, export value in December 2012 decreased by 20.4% and import value - by 10.1%. The most significant drop was recorded in export of vegetation products - of LVL 42.0 million or 43.1% (of which in export of cereals - of LVL 31.7 million or 42.8%), in export of machinery and mechanical appliances; electrical equipment – of LVL 28.5 million or 26.0%, in export of wood, cork and articles of wood and cork – of LVL 22.7 million or 23.6% and in export of textiles and textile articles - of LVL 5.6 million or 21.8%. In its turn, the most notable drop in imports was observed in import of machinery and mechanical appliances; electrical equipment – of LVL 15.4 million or 10.4%, in import of vegetation products – of LVL 10.3 million or 26.7% and in import of prepared foodstuffs – of LVL 9.3 million or 15.7%.   

In 2012 foreign trade turnover value reached LVL 15 594.9 million – 13.7% or LVL 1 877.3 million more than in 2011. Of which exports comprised LVL 6 897.8 million – an increase of 15.0% or LVL 899.3 million, whereas imports constituted LVL 8 697.0 million – 12.7% or LVL 977.9 million more than a year ago.

 Foreign trade of Latvia, million LVL1

_______________

1) Data on March, April and September 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

2011

December

thousand LVL

% of

total

% (+, -)

over

2011

December

Total

554 130

100

+9.8

683 375

100

+3.2

-129 245

Agricultural and food products (I-IV)

144 877

26.1

+58.5

110 148

16.1

+5.2

34 729

Live animals and animal products (I)

27 778

5.0

+13.3

23 733

3.5

-7.2

4 045

 

meat and offal (02)

3 410

0.6

-6.7

8 110

1.2

-13.6

-4 700

 

fish (fresh, frozen, smoked) (03)

9 119

1.6

+78.5

6 974

1.0

-5.0

2 145

 

dairy produce, eggs (04)

13 717

2.5

+25.1

7 069

1.0

-8.4

6 648

Vegetation products (II)

55 512

10.0

+2.7 times

28 318

4.1

+5.9

27 194

 

edible fruit and nuts (08)

3 888

0.7

+29.3

10 478

1.5

+9.9

-6 590

 

cereals (10)

42 460

7.7

+6.5 times

5 956

0.9

+2.3 times

36 504

 

oilseeds (12)

3 679

0.7

-43.3

1 452

0.2

-68.4

2 227

Prepared foodstuffs (IV)

59 849

10.8

+35.8

50 175

7.3

+10.2

9 674

 

preparations of meat, or fish (16)

7 186

1.3

+4.6

3 304

0.5

-9.4

3 882

 

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

2 038

0.4

+25.2

6 689

1.0

+10.2

-4 651

 

beverages, spirits and vinegar (22)

33 764

6.1

+44.6

13 492

2.0

+17.2

20 272

 

tobacco and manufactured tobacco substitutes (24)

1 416

0.3

+5.6

3 390

0.5

+59.5

-1 974

Mineral products (V) 1)

41 620

7.5

-26.6

131 159

19.2

+4.3

-89 539

 

 

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

38 228

6.9

-29.0

128 195

18.8

+3.7

-89 967

Products of the chemical and allied industries (VI)

37 722

6.8

+13.7

65 142

9.5

+7.2

-27 420

 

pharmaceutical products (30)

16 861

3.0

+10.3

28 500

4.2

+6.8

-11 639

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

14 688

2.7

-0.6

31 716

4.6

-3.0

-17 028

 

plastics and articles thereof (39)

11 670

2.1

+3.9

23 187

3.4

-1.0

-11 517

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

73 320

13.2

-1.0

11 643

1.7

+29.5

61 677

 

wood and articles of wood; wood charcoal (44)

73 210

13.2

-1.0

11 584

1.7

+29.5

61 626

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

9 320

1.7

-15.5

14 576

2.1

+0.1

-5 256

 

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

4 546

0.8

-28.7

12 931

1.9

-0.9

-8 385

 

products of the printing industry; manuscripts (49)

4 267

0.8

+1.7

1 514

0.2

+3.4

2 753

Textiles and textile articles (XI)

20 010

3.6

+7.5

23 151

3.4

-0.3

-3 141

 

knitted or crocheted fabrics (60)

1 014

0.2

-7.2

1 363

0.2

-10.7

-349

 

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

4 230

0.8

-21.1

3 827

0.6

-26.4

403

 

 

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

8 788

1.6

+45.6

6 740

1.0

+13.7

2 048

Base metals and articles of base metals (XV)

65 555

11.8

+5.0

60 956

8.9

-2.3

4 599

 

iron and steel (72)

41 339

7.5

+17.3

32 489

4.8

-2.5

8 850

 

articles of iron or  steel (73)

14 396

2.6

-0.4

17 014

2.5

+8.3

-2 618

Machinery and mechanical appliances; electrical equipment (XVI)

81 114

14.6

+16.2

133 500

19.5

+11.3

-52 386

 

machinery and mechanical appliances (84)

31 743

5.7

+7.0

73 094

10.7

+7.8

-41 351

 

electrical machinery and equipment (85)

49 371

8.9

+23.0

60 405

8.8

+15.8

-11 034

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

29 811

5.4

-21.0

53 794

7.9

-12.8

-23 983

 

 

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

24 867

4.5

-14.9

42 340

6.2

-24.5

-17 473

Miscellaneous manufactured articles (XX)

13 945

2.5

+3.3

17 900

2.6

+12.2

-3 955

 

 

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

11 184

2.0

+2.2

10 364

1.5

+7.4

820

Other goods

22 148

4.0

+3.4

29 690

4.3

-5.2

-7 542

______________                                        

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

In December 2012, the most significant share (61.6%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 18.9%. The main export partners were Lithuania (16.7% of total export), Russia (14.2%), Estonia (12.9%), Germany (6.3%) and Algeria (4.9%).         

In December 2012 the most significant share in Latvia’s import had import from the countries of the European Union (74.1%), followed by import from the CIS countries – 17.7%. The main import partners were Lithuania (17.4% of total import), Russia (13.0%), Germany (10.6%), Poland (7.8%) and Estonia (7.2%).

 

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