Foreign trade of Latvia in January 2012

12.03.2012

In January 2012, the total foreign trade turnover at current prices comprised LVL 1078.2 million  – 5.8% or LVL 66.4 million less than a month before and 19.6% or LVL 176.9 million more than in January 2011, according to provisional data of the Central Statistical Bureau.

As compared to the previous month, export value in January 2012 decreased by 6.4% and import value - by 5.3%. Export decline was mostly affected by decrease of LVL 19.5 million or 27.5% in export of machinery and mechanical appliances; electrical equipment, of LVL 10.8 million or 23.9% in export of prepared foodstuffs, and of LVL 7.9 million or 21.5% in export of products of the chemical and allied industries. In its turn, import decline was mostly affected by decrease of LVL 20.2 million or 33.9% in import of vehicles, aircraft, vessels and associated transport equipment and of LVL 12.3 million or 18.6% in import of products of the chemical and allied industries.

Foreign trade of Latvia, million LVL1

________________
1) Data on March, April, August and October 2011 have been revised.

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

 

Export

Import

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

January 2011

thousand LVL

% of

total

% (+, -)

over

January2011

 

Total

466 139

100

+12.5

612 101

100

+25.7

-145 962

Agricultural and food products (I-IV)

74 524

16.0

+20.5

95 224

15.6

+31.3

-20 700

Live animals and animal products (I)

24 822

5.3

+33.0

22 121

3.6

+28.2

+2 701

 

meat and offal (02)

3 090

0.7

+31.7

7 173

1.2

+22.1

-4 083

 

fish (fresh, frozen, smoked) (03)

4 923

1.1

+7.4

6 421

1.0

+25.0

-1 498

 

dairy produce, eggs (04)

13 464

2.9

+39.1

6 967

1.1

+22.6

+6 497

Vegetation products (II)

13 588

2.9

-16.0

24 905

4.1

+18.6

-11 317

 

edible fruit and nuts (08)

2 664

0.6

+44.4

7 280

1.2

+6.2

-4 616

 

oilseeds (12)

2 997

0.6

-28.3

4 513

0.7

+67.3

-1 516

Prepared foodstuffs (IV)

34 430

7.4

+32.6

39 437

6.4

+28.9

-5 007

 

preparations of meat, or fish (16)

5 525

1.2

+34.8

3 995

0.7

+87.0

+1 530

 

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

1 192

0.3

-3.8

5 216

0.9

+15.8

-4 024

 

beverages, spirits and vinegar (22)

16 362

3.5

+45.4

9 330

1.5

+63.8

+7 032

 

tobacco and manufactured tobacco substitutes (24)

1 347

0.3

+88.5

2 583

0.4

+66.0

-1 236

Mineral products (V) 1)

39 531

8.5

+16.9

119 126

19.5

+26.7

-79 595

 

 

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

38 342

8.2

+19.3

116 747

19.1

+26.3

-78 405

Products of the chemical and allied industries (VI)

29 026

6.2

+8.9

53 784

8.8

+18.7

-24 758

 

pharmaceutical products (30)

14 145

3.0

-5.7

21 556

3.5

+1.1

-7 411

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

13 715

2.9

+15.6

31 527

5.2

+29.3

-17 812

 

plastics and articles thereof (39)

10 999

2.4

+19.2

21 277

3.5

+14.0

-10 278

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

87 749

18.8

+9.1

10 494

1.7

+54.8

+77 255

 

wood and articles of wood; wood charcoal (44)

87 693

18.8

+9.1

10 392

1.7

+56.4

+77 301

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

11 371

2.4

+20.0

14 878

2.4

+5.1

-3 507

 

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

5 961

1.3

+8.1

13 696

2.2

+5.1

-7 735

 

products of the printing industry; manuscripts (49)

4 858

1.0

+32.3

1 111

0.2

+5.8

+3 747

Textiles and textile articles (XI)

18 539

4.0

+10.2

23 803

3.9

+6.1

-5 264

 

knitted or crocheted fabrics (60)

1 309

0.3

+27.2

1 522

0.2

+25.4

-213

 

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

4 906

1.1

+21.4

5 547

0.9

-4.2

-641

 

 

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

6 835

1.5

+10.6

6 512

1.1

+10.0

+323

Base metals and articles of base metals (XV)

85 354

18.3

+19.3

65 862

10.8

+5.5

+19 492

 

iron and steel (72)

54 399

11.7

+8.9

37 171

6.1

-14.5

+17 228

 

articles of iron or  steel (73)

15 304

3.3

+40.5

14 859

2.4

+53.1

+445

Machinery and mechanical appliances; electrical equipment (XVI)

51 265

11.0

+10.3

119 869

19.6

+52.1

-68 604

 

machinery and mechanical appliances (84)

20 227

4.3

+1.5

71 788

11.7

+2.2 times

-51 561

 

electrical machinery and equipment (85)

31 039

6.7

+16.9

48 080

7.9

+5.5

-17 041

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

22 169

4.8

-11.3

39 340

6.4

+14.8

-17 171

 

 

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

20 709

4.4

-7.0

30 803

5.0

-3.9

-10 094

Miscellaneous manufactured articles (XX)

12 697

2.7

+34.4

13 523

2.2

+31.7

-826

 

 

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

10 923

2.3

+40.3

7 910

1.3

+35.7

+3 013

Other goods

20 199

4.3

-3.1

24 671

4.0

+13.8

-4 472

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

In January 2012, the most significant share in Latvia’s export had export to the countries of the European Union (72.0%), followed by export to the CIS countries – 12.7%. The main export partners were Lithuania (15.8% of total export), Estonia (12.7%), Russia (9.2%), Germany (7.4%) and Poland (7.3%).

In January 2012, the most significant share in Latvia’s import had import from the countries of the European Union (71.4%), followed by import from the CIS countries – 19.1%. The main import partners were Lithuania (16.9% of total import), Germany (14.4%), Russia (14.1%), Estonia (7.3%) and Poland (6.9%).

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 monthly/quarterly data.

 

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