Foreign trade of Latvia in February 2011

11.04.2011

In February 2011, the total foreign trade turnover at current prices reached LVL 925.5 million – 5.1% or LVL 44.8 million more than a month before and 33.0% or LVL 229.6 million more than in February 2010, according to provisional data of Central Statistical Bureau.

In January – February 2011 foreign trade turnover value reached LVL 1806.2 million – an increase of 38.0% or LVL 496.9 million on the same period of corresponding period of the previous year.Of which export value comprised LVL 827.2 million – a growth of 43.2% or LVL 249.5 million, but import value constituted LVL 979.0 million – 33.8% or LVL 247.4 million more than a year ago.

Latvia’s foreign trade, million LVL1

1) Data on January, February, March, September and November 2010 have been revised.

 

Main commodities in Latvia’s foreign trade in February 2011, at current prices

 

Export

Import

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

February 2010

 

thousand LVL

% of

total

% (+, -)

over

February 2010

 

Total

420 499

100

+35.5

504 954

100

+31.0

-84 455

Agricultural and food products (I-IV)

60 164

14.3

+2.2

64 683

12.8

-7.8

-4 519

Live animals and animal products (I)

18 632

4.4

+37.0

14 571

2.9

+3.7

+4 061

 

fish (fresh, frozen, smoked) (03)

4 788

1.1

+41.0

6 238

1.2

+97.4

-1 450

 

dairy produce, eggs (04)

9 934

2.4

+45.3

3 835

0.8

-18.9

+6 099

Vegetation products (II)

9 887

2.4

-52.9

17 255

3.4

-19.5

-7 368

 

cereals (10)

1 690

0.4

-87.2

2 581

0.5

-56.9

-891

 

oilseeds (12)

2 500

0.6

-23.9

3 863

0.8

+47.2

-1 363

Prepared foodstuffs (IV)

30 471

7.2

+29.4

29 133

5.8

-4.9

+1 338

 

preparations of meat, or fish (16)

4 695

1.1

+33.2

1 754

0.3

+5.3

+2 941

 

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

1 276

0.3

+13.2

4 636

0.9

+5.4

-3 360

 

beverages, spirits and vinegar (22)

15 680

3.7

+50.8

6 543

1.3

-1.4

+9 137

Mineral products (V) 1)

27 592

6.6

+52.7

100 736

19.9

+45.4

-73 144

 

 

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

26 052

6.2

+53.6

99 444

19.7

+46.3

-73 392

Products of the chemical and allied industries (VI)

33 329

7.9

+48.5

54 036

10.7

+9.1

-20 707

 

pharmaceutical products (30)

20 986

5.0

+55.1

25 995

5.1

+4.5

-5 009

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

11 916

2.8

+27.2

26 272

5.2

+26.1

-14 356

 

plastics and articles thereof (39)

9 398

2.2

+23.7

19 321

3.8

+16.1

-9 923

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

68 282

16.2

+19.6

7 795

1.5

+34.1

+60 487

 

wood and articles of wood; wood charcoal (44)

68 229

16.2

+19.6

7 701

1.5

+35.5

+60 528

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

9 146

2.2

+46.7

14 313

2.8

+22.0

-5 167

 

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

5 166

1.2

+35.9

13 174

2.6

+26.3

-8 008

 

products of the printing industry; manuscripts (49)

3 576

0.9

+59.5

1 051

0.2

-17.7

+2 525

Textiles and textile articles (XI)

22 158

5.3

+36.5

21 980

4.4

+12.7

+178

 

knitted or crocheted fabrics (60)

1 274

0.3

+28.9

1 509

0.3

+65.1

-235

 

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

6 747

1.6

+51.3

3 895

0.8

-16.8

+2 852

 

 

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

7 642

1.8

+30.2

5 809

1.2

+5.5

+1 833

Base metals and articles of base metals (XV)

78 033

18.6

+98.6

64 777

12.8

+2.1 times

+13 256

 

iron and steel (72)

55 000

13.1

+2.4 times

45 734

9.1

+2.7 times

+9 266

 

articles of iron or  steel (73)

11 614

2.8

+36.3

9 936

2.0

+36.5

+1 678

Machinery and mechanical appliances; electrical equipment (XVI)

53 350

12.7

+20.0

76 499

15.1

+28.3

-23 149

 

machinery and mechanical appliances (84)

24 234

5.8

+9.6

35 623

7.1

+57.6

-11 389

 

electrical machinery and equipment (85)

29 117

6.9

+30.3

40 876

8.1

+10.5

-11 759

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

25 955

6.2

+46.0

41 580

8.2

+2.3 times

-15 625

 

 

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

24 564

5.8

+45.7

40 214

8.0

+2.4 times

-15 650

Miscellaneous manufactured articles (XX)

9 778

2.3

+19.7

10 786

2.1

+21.2

-1 008

 

 

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

8 015

1.9

+23.8

6 249

1.2

+8.3

+1 766

Other goods

20 796

4.9

+68.5

21 497

4.3

+6.8

-701

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

In February 2011 the most significant share in Latvia’s export was formed by the export to the countries of European Union (72.7%), followed by the export to CIS countries – 15.2%. Main export partners were Lithuania (17.8% of total export), Estonia (14.0%), Russia (11.1%), Germany (9.7%) and Poland (6.3%).

In February 2011 the most significant share in Latvia’s import was constituted by the import from the countries of European Union (73.9%), followed by the import from CIS countries – 18.8%. Main import partners were Lithuania (16.5% of total import), Russia (13.2%), Germany (12.0%), Poland (7.1%) and Estonia (5.6%).

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 data.

 

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