Foreign trade of Latvia in February 2008

09.04.2008

Compared to January 2008, the total foreign trade turnover in current prices in February 2008 reached 1010.4 mln lats – more by 102.9 mln lats or 11.3% than a month before and more by 147.7 mln lats or 17.1% than in February last year, according to Central Statistical Bureau data.

 Latvia’s foreign trade, in mln lats1

 

________________
1) Data on August, September, November 2007 and January 2008 have been revised.

Main commodities in Latvia’s exports in February 2008, at current prices


Total

% (+, -) over

EU countries,
% of total of the group

thsd
lats

% of
total

January
2008

February
2007

Exports - total

364 597

100

+10,1

+26,7

76,8

Agricultural and food products (I-IV)

56 153

15,4

+1,2

+66,0

71,2

of which - prepared foodstuffs (IV)

28 040

7,7

+9,3

+46,0

54,3

Products of the chemical and allied industries (VI)

33 317

9,1

+38,0

+52,4

64,8

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

8 431

2,3

-3,8

-1,5

67,3

Wood and articles of wood (IX)

68 219

18,7

-3,0

+5,5

90,2

Textiles and textile articles (XI)

23 762

6,5

+13,1

-3,6

67,8

Base metals and articles of base metals (XV)

54 372

14,9

+13,3

+19,3

86,2

Machinery and mechanical appliances; electrical equipment (XVI)

42 816

11,7

+24,5

+46,7

67,7

Transport vehicles (XVII)

24 735

6,8

+7,7

+27,6

84,1

Miscellaneous manufactured articles; including furniture (XX)

14 167

3,9

+2,1

+22,5

72,1

Other goods

38 625

10,6

+20,3

+35,9

72,9

In February 2008, in comparison with January 2008, the exports of pharmaceutical products at current prices soared up by 86.7%, of articles of iron or steel – by 28.6%, of sawn wood – by 10.2%. However, the exports of wood in the rough decreased by 46.2%, of iron and non-alloy steel – by 13.1%, and of furniture, including mattress and articles of bedding and similar furnishing – by 6.8%.

Compared to February 2007, the largest increase in exports was on veneer sheets and plywood – by 62.6%, on non-ferrous metals and articles thereof – by 47.5%, on electrical machinery and equipment – by 43.4%, however, the decrease in exports was on sawn wood – by 26.6%, on wood in the rough – by 24.6%, on iron and non-alloy steel – by 3.8%.

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


Total

% (+, -) over

EU countries,
% of total of the group

thsd
lats

% of
total

January
2008

February
2007

Imports - total

645 808

100

+12,0

+12,3

77,8

Agricultural and food products (I-IV)

82 422

12,8

+11,7

+33,0

86,2

of which - prepared foodstuffs (IV)

41 800

6,5

+12,8

+18,4

87,6

Mineral products (V) 1)

87 295

13,5

-4,0

+40,7

49,3

Products of the chemical and allied industries (VI)

61 712

9,6

+18,6

+18,9

77,6

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

28 874

4,5

+14,9

+10,1

85,7

Wood and articles of wood (IX)

17 132

2,7

+13,7

-15,2

55,5

Textiles and textile articles (XI)

29 124

4,5

+15,3

+6,9

83,6

Base metals and articles of base metals (XV)

63 567

9,8

+10,8

+14,9

59,9

Machinery and mechanical appliances; electrical equipment (XVI)

119 543

18,5

+18,5

+0,7

86,4

Transport vehicles (XVII)

87 694

13,6

+20,3

+3,4

95,3

Miscellaneous manufactured articles; including furniture (XX)

19 291

3,0

+17,8

+8,5

78,5

Other goods

49 154

7,6

+5,0

+0,9

84,8

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

Compared to January 2008, in February 2008 the imports of machinery and mechanical appliances at current prices soared up by 32.3%, of motor spirit – by 32.2%, of iron and non-alloy steel – by 15.3%, of pharmaceutical products – by 14.4%, however, the decrease in imports was on diesel oil – by 21.5%, on natural gas – by 17.2%, and on passenger cars – by 13.8%.

Compared to February 2007 the largest imports increase was on diesel oil – by 62.0%, on motor spirits – by 42.5% and on iron and non-alloy steel – by 26.4%. However, significant decrease was on imports of passenger cars – by 36.7%, of pharmaceutical products – by 20.1% and of natural gas – by 13.9%.

Main partners of Latvia’s foreign trade (at current prices)

Groups of countries, countries

February 2008

January 2008

February 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

364 597

100

331 046

100

287 743

100

EU countries,

279 886

76,8

262 638

79,3

220 036

76,5

CIS

54 773

15,0

39 123

11,8

40 204

14,0

Other countries

29 938

8,2

29 285

8,8

27 503

9,6

Main exports partners:

Lithuania

61 844

17,0

54 421

16,4

43 673

15,2

Estonia

46 316

12,7

44 092

13,3

39 811

13,8

Russia

37 344

10,2

25 957

7,8

25 237

8,8

Germany

31 504

8,6

40 044

12,1

23 624

8,2

Sweden

24 613

6,8

28 463

8,6

21 439

7,5

Denmark

20 458

5,6

15 764

4,8

12 245

4,3

Poland

16 526

4,5

14 227

4,3

9 801

3,4

Imports - total

645 808

100

576 503

100

574 979

100

EU countries,

502 316

77,8

418 082

72,5

436 720

76,0

CIS

91 555

14,2

102 482

17,8

82 710

14,4

Other countries

51 937

8,0

55 939

9,7

55 549

9,7

Main imports partners:

Germany

96 358

14,9

68 472

11,9

100 072

17,4

Lithuania

95 468

14,8

85 686

14,9

66 282

11,5

Russia

60 393

9,4

69 264

12,0

58 844

10,2

Estonia

47 607

7,4

44 667

7,7

43 824

7,6

Poland

46 251

7,2

40 975

7,1

38 783

6,7

Finland

38 010

5,9

32 138

5,6

31 502

5,5

Sweden

34 209

5,3

30 090

5,2

28 369

4,9

Total foreign trade turnover at current prices in January – February 2008 was more by 12.6% or 214.4 mln lats than in the corresponding period of previous year, and its value reached 1918.0 mln lats.
 

Foreign trade of Latvia in January - February 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

695643

100

78,0

1222311

100

75,3

Agricultural and food products (I-IV)

111 629

16,0

73,3

156 206

12,8

86,0

Live animals and animal products (I)

25 406

3,7

85,8

32 154

2,6

93,0

Vegetation products (II)

30 925

4,4

93,0

38 795

3,2

75,4

Fats and oils (III)

1 601

0,2

97,3

6 416

0,5

98,9

Prepared foodstuffs (IV)

53 697

7,7

55,2

78 841

6,5

87,2

Mineral products (V) 1)

25 848

3,7

62,6

178 194

14,6

43,0

Products of the chemical and allied industries (VI)

57 466

8,3

69,5

113 762

9,3

76,5

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

17 191

2,5

70,0

54 007

4,4

84,1

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

4 336

0,6

93,0

4 189

0,3

85,3

Wood and articles of wood (IX)

138 551

19,9

89,9

32 206

2,6

52,3

Pulp of wood; paper and paperboard (X)

15 539

2,2

85,0

31 335

2,6

86,3

Textiles and textile articles (XI)

44 781

6,4

67,9

54 387

4,4

83,1

Footwear, headgear, umbrellas and other articles (XII)

2 316

0,3

83,4

11 617

1,0

85,4

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

13 800

2,0

79,3

25 560

2,1

87,9

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

1 711

0,2

81,2

5 039

0,4

41,3

Base metals and articles of base metals (XV)

102 360

14,7

86,1

120 945

9,9

58,4

Machinery and mechanical appliances; electrical equipment (XVI)

77 205

11,1

68,2

220 419

18,0

84,3

Transport vehicles (XVII)

47 693

6,9

85,8

160 560

13,1

94,4

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

6 312

0,9

47,1

17 489

1,4

79,0

Arms and ammunition (XIX)

10

0,0

-

610

0,0

70,2

Miscellaneous manufactured articles; including furniture (XX)

28 036

4,0

74,2

35 672

2,9

77,0

Works of art, collectors pieces and antiques (XXI)

5

0,0

-

115

0,0

53,0

Other goods

856

0,1

80,7

-

-

-

________________
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.

Prepared by the Foreign Trade Statistics Section
Lilita Laganovska, tel. 7366604