Foreign trade of Latvia in January 2008

11.03.2008

Compared to December 2007, the total foreign trade turnover in current prices in January 2008 reached 908.9 mln lats – less by 12.1 mln lats or 1.3% than a month before and more by 68.0 mln lats or 8.1% than in January last year, according to Central Statistical Bureau data.

Latvia’s foreign trade, in mln lats1

________________
1) Data on August and October 2007 have been revised.

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

Total

% (+, -) over

EU countries,
% of total of the group

thsd lats

% of total

December 2007

January 2007

Exports - total

330659

100

+0,8

+18,1

79,3

Agricultural and food products (I-IV)

55470

16,8

-1,2

+58,9

75,4

of which - prepared foodstuffs (IV)

25649

7,8

-13,7

+24,4

56,2

Products of the chemical and allied industries (VI)

24122

7,3

-10,7

+24,5

76,0

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

8730

2,6

+0,3

+15,5

72,5

Wood and articles of wood (IX)

70323

21,3

+13,9

+17,2

89,5

Textiles and textile articles (XI)

21028

6,4

+28,8

-10,9

68,1

Base metals and articles of base metals (XV)

47967

14,5

-12,9

+12,8

86,1

Machinery and mechanical appliances; electrical equipment (XVI)

34201

10,3

+0,01

+15,6

68,6

Transport vehicles (XVII)

22967

6,9

-9,9

+11,7

87,6

Miscellaneous manufactured articles; including furniture (XX)

13811

4,2

+15,7

+13,1

76,4

Other goods

32040

9,7

+2,1

+7,7

72,2

In January 2008, in comparison with December 2007, the exports of veneer sheets and plywood at current prices soared up by 38.0%, of milk, cream, other cultured products – by 17.0%, of wood in the rough – by 8.8%. However, the exports of pharmaceutical products decreased by 39.0%, of iron and non-alloy steel – by 18.1%, and of sawn wood – by 4.0%.

Compared to January 2007, the largest increase in exports was on veneer sheets and plywood – by 67.6%, on iron and non-alloy steel – by 23.9%, however, the decrease in exports was on sawn wood – by 32.3%, on non-ferrous metals and articles thereof – by 18.4%.

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

Total

% (+, -) over

EU countries,
% of total of the group

thsd lats

% of total

December 2007

January 2007

Imports - total

578240

100

-2,5

+3,1

72,6

Agricultural and food products (I-IV)

73931

12,8

-10,3

+20,9

85,7

of which - prepared foodstuffs (IV)

37080

6,4

-14,7

+14,3

86,9

Mineral products (V) 1)

90949

15,7

-5,8

+42,8

36,9

Products of the chemical and allied industries (VI)

52094

9,0

+17,9

+19,3

75,3

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

25182

4,4

-2,6

+6,0

82,4

Wood and articles of wood (IX)

15119

2,6

+7,1

-2,6

49,0

Textiles and textile articles (XI)

25325

4,4

+23,7

+2,9

82,7

Base metals and articles of base metals (XV)

57577

10,0

+9,4

+3,4

57,0

Machinery and mechanical appliances; electrical equipment (XVI)

101537

17,6

-10,2

-22,9

82,0

Transport vehicles (XVII)

73046

12,6

-5,7

-6,5

93,4

Miscellaneous manufactured articles; including furniture (XX)

16536

2,9

-23,7

+6,3

75,5

Other goods

46944

8,1

+5,3

-0,9

80,6

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

In January 2008, compared to the previous month, the imports of natural gas at current prices soared up – by 46.7%, of iron and non-alloy steel – by 10.9%, of pharmaceutical products – by 10.8%. However, the imports of motor spirit decreased by 28.6%, of machinery and mechanical appliances – by 13.8%, and of semi-manufactures and articles of plastics; scrap – by 6.0%.

Compared to January 2007 the largest increase in imports was on diesel oil – by 76.1% and on natural gas – by 27.6%, however, the decrease in imports was on machinery and mechanical appliances – by 30.3% and on passenger cars – by 21.7%.

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

Groups of countries,
countries

January 2008

December 2008

January 2007

thsd lats

% of
total

thsd lats

% of
total

thsd lats

% of
total

Exports - total

330659

100

328012

100

280056

100

EU countries

262251

79,3

245074

74,7

220947

78,9

CIS

39123

11,8

49855

15,2

34882

12,5

Other countries

29285

8,9

33083

10,1

24227

8,7

Main exports partners:

Lithuania

54172

16,4

55722

17,0

41823

14,9

Estonia

43888

13,3

48728

14,9

43658

15,6

Germany

40024

12,1

23732

7,2

28200

10,1

Sweden

28505

8,6

26493

8,1

18391

6,6

Russia

25957

7,9

31653

9,7

21577

7,7

Denmark

15794

4,8

10576

3,2

13077

4,7

Poland

14221

4,3

10821

3,3

8379

3,0

Imports - total

578240

100

593036

100

560825

100

 

EU countries

419820

72,6

456624

77,0

421997

75,2

 

CIS

102482

17,7

86981

14,7

77424

13,8

 

Other countries

55938

9,7

49431

8,3

61404

10,9

Main imports partners:

Lithuania

85735

14,8

98573

16,6

73756

13,2

Russia

69264

12,0

61926

10,4

49866

8,9

Germany

68730

11,9

85346

14,4

80508

14,4

Estonia

44732

7,7

41202

6,9

43560

7,8

Poland

41113

7,1

39036

6,6

37928

6,8

Finland

32188

5,6

28031

4,7

30041

5,4

Sweden

30156

5,2

33669

5,7

26471

4,7

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, annual data.

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