Foreign trade of Latvia in January-March 2010

14.05.2010

The provisional data of the Central Statistical Bureau show that, in January - March 2010 total volume of goods in foreign trade of Latvia at current prices reached 2094.1 mln lats – an increase of 69.3 mln lats or 3.4%, if compared to January – March 2009. Of which exports volume grew by 115.9 mln lats or 14.1%, but imports volume – reduced by 46.6 mln lats or 3.9%.

In January March 2010 improvement of foreign trade balance was observed, as the exports share in total foreign trade volume increased up to 44.7% (in January – March 2009 – 40.5%).

Latvia’s foreign trade at current prices by quarters, mln lats1

 

1 Data on 1st, 2nd and 4th quarter of 2009 have been revised.


Volume changes of foreign trade of Latvia; at constant prices2

Period

Exports, % (+, -) over

Imports, % (+, -) over

previous quarter

corresponding quarter of previous year

previous quarter

corresponding quarter of previous year

1st quarter of 2010

-10.0

+14.3

-6.9

-1.5

4th quarter of 2009

+7.5

+4.5

+1.2

-23.4

 2 Data on 4th quarter of 2009 have been revised.


Exports and imports of Latvia according to BEC3 classification, at current prices

Goods

Exports

Imports

 

January – March 2009

January – March 2010

January – March 2009

January – March 2010

 

mln lats

as % of total volume

mln lats

as % of total volume

mln lats

as % of total volume

mln lats

as % of total volume

Total

819.3

100

935.2

100

1 205.5

100

1 158.9

100

Capital goods

89.6

10.9

70.0

7.5

139.9

11.6

81.7

7.0

Goods of intermediate consumption

461.5

56.3

503.6

53.8

580.4

48.2

549.7

47.4

Consumer goods

212.9

26.0

225.8

24.2

368.1

30.5

307.9

26.6

Other goods

27.3

3.3

110.6

11.8

71.2

5.9

181.5

15.7

Passenger cars4

24.6

3.0

24.1

2.6

28.1

2.3

19.8

1.7

Automotive fuel 4

3.4

0.4

1.1

0.1

17.8

1.5

18.3

1.6

3 Broad Economic Categories classification.
4 Those commodities are included in several categories of BEC.

According to BEC classification, exported and imported goods can be grouped in categories by possible kind of their utilisation. Capital goods consist of fixed assets, goods of intermediate consumption and other materials envisaged for the further processing. Goods envisaged for the needs of population are considered to be consumer goods. Other goods not included in the mentioned categories (e.g., army equipment etc. specific goods) are included in the category “other goods”.


Structure of foreign trade of Latvia according to economic activity of enterprises5 in January – March 2010; at current prices

Exporters/importers by main kind of their economic activity

 

Exports

Imports

Foreign trade balance, mln lats (+,-)

mln lats

as % of total volume

mln lats

as % of total volume

Total

935.2

100

1 158.9

100

-223.7

Agriculture, forestry and fishing

24.2

2.6

6.6

0.6

+17.6

Manufacturing

386.8

41.4

179.3

15.5

+207.5

 

of which:

     
 

manufacture of food products, beverages and tobacco

48.7

5.2

42.1

3.6

+6.6

 

manufacture of textiles, apparel

26.8

2.9

13.5

1.2

+13.3

 

manufacture of wood and paper products; printing

125.2

13.4

23.3

2.0

+101.9

 

manufacture of chemicals and chemical products; manufacture of pharmaceuticals, medical chemical and botanical products

31.5

3.4

15.2

1.3

+16.3

 

manufacture of rubber and plastics products, and other non-metallic mineral products

21.8

2.3

12.7

1.1

+9.1

 

manufacture of basic metals and fabricated metal products

65.3

7.0

32.4

2.8

+32.9

 

manufacture of computer, electronic and optical products; manufacture of electrical equipment

22.7

2.4

13.9

1.2

+8.8

 

manufacture of transport equipment

13.1

1.4

6.9

0.6

+6.2

 

manufacture of furniture

12.4

1.3

5.0

0.4

+7.4

 

other manufacturing sectors

19.2

2.1

14.4

1.2

+4.8

Electricity, gas, steam and air conditioning supply

12.4

1.3

101.4

8.8

-89.0

Construction

6.5

0.7

10.4

0.9

-3.9

Wholesale and retail trade; repair of motor vehicles and motorcycles

300.3

32.1

587.1

50.7

-286.8

Transport and storage

24.0

2.6

9.0

0.8

15.0

Other sections; without breakdown by sections

180.9

19.3

265.0

22.9

-84.1

5 According to NACE Rev. 2 classification.

 

Prepared by Foreign trade statistics methodology, analysis and dissemination section
Lilita Laganovska,
tel. 67366604