Foreign trade of Latvia in February 2012

11.04.2012

Provisional data of the Central Statistical Bureau show that total foreign trade turnover at current prices in February 2012 comprised LVL 1,132.7 million – 5.1% or LVL 54.5 million more than a month before and 19.8% or LVL 187.3 million more than in February 2011.

As compared to the previous month, export value in February 2012 increased by 4.9% and import value - by 5.1%. Significant rise was recorded in export of cereals – of LVL 11.5 million or 4.4 times, export of machinery and mechanical appliances; electrical equipment - of LVL 10.9 million or 21.3%, export of mineral products – of LVL 7.9 million or 19.9%. Whereas in imports the most notable increase was observed in import of mineral products - of LVL 20.9 million or 17.6%, import of base metals and articles of base metals – of LVL 11.4 million or 17.3%, import of products of the chemical and allied industries – of LVL 7.9 million or 14.7%.

In January – February 2012 foreign trade turnover value reached LVL 2,210.9 million - 19.7% or LVL 364.3 million more than in the corresponding period of previous year. Of which exports comprised LVL 955.3 million – increase of 14.6% or LVL 122.0 million, while imports constituted LVL 1,255.6 million – rise of 23.9% or LVL 242.3 million on year before.
 

Foreign trade of Latvia , million LVL1

______________
1) Data on May, June, September and November 2011 have been revised.
 

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

 

Exports

Imports

Foreign trade balance, thousand LVL (+,-)

thousand LVL

% of

total

% (+, -)

over

February 2011

 

thousand LVL

% of

total

% (+, -)

over

February 2011

 

Total

489 170

100

+16.7

643 512

100

+22.3

-154 342

Agricultural and food products (I-IV)

91 383

18.7

+47.3

94 007

14.6

+19.3

-2 624

Live animals and animal products (I)

22 567

4.6

+19.2

21 917

3.4

+18.8

+650

 

meat and offal  (02)

2 178

0.4

-0.7

7 661

1.2

+31.6

-5 483

 

fish (fresh, frozen, smoked) (03)

6 570

1.3

+44.3

5 641

0.9

-4.0

+929

 

dairy produce, eggs (04)

10 707

2.2

+6.6

7 351

1.1

+18.5

+3 356

Vegetation products (II)

27 059

5.5

+2.4 times

20 907

3.2

-12.8

+6 152

 

edible fruit and nuts (08)

2 936

0.6

+28.4

7 044

1.1

-6.2

-4 108

 

cereals (10)

14 841

3.0

+9.5 times

1 426

0.2

-39.5

+13 415

 

oilseeds (12)

3 957

0.8

+65.2

2 194

0.3

-39.4

+1 763

Prepared foodstuffs (IV)

39 436

8.1

+28.9

43 716

6.8

+34.5

-4 280

 

preparations of meat, or fish (16)

6 783

1.4

+39.7

4 481

0.7

+2.1 times

+2 302

 

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

1 357

0.3

+0.9

5 255

0.8

+2.8

-3 898

 

beverages, spirits and vinegar (22)

18 922

3.9

+23.6

10 841

1.7

+62.3

+8 081

 

tobacco and manufactured tobacco substitutes (24)

1 840

0.4

+56.7

3 129

0.5

+68.3

-1 289

Mineral products (V) 1)

47 392

9.7

+77.7

140 043

21.8

+52.7

-92 651

 

 

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

44 775

9.2

+78.0

137 593

21.4

+52.2

-92 818

Products of the chemical and allied industries (VI)

30 686

6.3

+19.0

61 673

9.6

+11.5

-30 987

 

pharmaceutical products (30)

13 317

2.7

-1.2

26 146

4.1

-0.5

-12 829

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

14 026

2.9

+9.9

32 012

5.0

+15.7

-17 986

 

plastics and articles thereof (39)

10 947

2.2

+11.1

22 238

3.5

+8.8

-11 291

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

78 652

16.1

+16.2

11 163

1.7

+44.4

+67 489

 

wood and articles of wood; wood charcoal (44)

78 596

16.1

+16.2

10 998

1.7

+44.2

+67 598

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

11 487

2.3

+25.6

13 704

2.1

+1.5

-2 217

 

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

5 775

1.2

+10.8

12 373

1.9

+0.0

-6 598

 

products of the printing industry; manuscripts (49)

5 181

1.1

+45.0

1 269

0.2

+19.8

+3 912

Textiles and textile articles (XI)

19 906

4.1

-8.5

25 240

3.9

-8.1

-5 334

 

knitted or crocheted fabrics (60)

1 421

0.3

+18.5

1 929

0.3

+41.3

-508

 

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

5 349

1.1

-23.1

5 181

0.8

-31.0

+168

 

 

articles of apparel and clothing accessories, knitted or crocheted (62)

6 858

1.4

-3.4

8 893

1.4

+12.7

-2 035

Base metals and articles of base metals (XV)

81 130

16.6

+7.3

77 241

12.0

+21.3

+3 889

 

iron and steel (72)

50 060

10.2

-4.8

45 682

7.1

+7.0

+4 378

 

articles of iron or  steel (73)

18 778

3.8

+62.8

18 173

2.8

+63.6

+605

Machinery and mechanical appliances; electrical equipment (XVI)

62 181

12.7

+9.1

102 153

15.9

+29.3

-39 972

 

machinery and mechanical appliances (84)

26 231

5.4

+2.8

55 811

8.7

+46.2

-29 580

 

electrical machinery and equipment (85)

35 951

7.3

+14.3

46 342

7.2

+13.5

-10 391

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

18 759

3.8

-34.5

39 214

6.1

-14.9

-20 455

 

 

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

17 696

3.6

-35.0

31 261

4.9

-29.8

-13 565

Miscellaneous manufactured articles (XX)

13 196

2.7

+36.4

16 133

2.5

+46.2

-2 937

 

 

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

10 496

2.1

+35.3

9 354

1.5

+49.7

+1 142

Other goods

20 372

4.2

-8.9

30 929

4.8

+27.2

-10 557

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

Most significant share (70.8%) in Latvia’s export in February 2012 was formed by export to the countries of the European Union, followed by export to the CIS countries – 14.2%. Main export partners were Lithuania (14.8% of total export), Estonia (12.9%), Russia (10.9%), Poland (7.2%), and Germany (6.9%).

Largest share (72.2%) in Latvia’s import in February 2012 was comprised by import from the countries of the European Union, followed by import from the CIS countries – 20.6%. Main import partners were Lithuania (18.5% of total import), Russia (14.8%), Germany (9.1%), Poland (8.0%), and Estonia (7.7%).

More information on Latvia’s foreign trade by month and quarter in country group and commodity group breakdown is available 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