Foreign trade of Latvia in January-March 2012

17.05.2012

Provisional data of the Central Statistical Bureau show that, in January - March 2012 the total value of goods in foreign trade of Latvia at current prices reached LVL 3453.5 million – an increase of LVL 466.7 million or 15.6%, as compared to January – March 2011. Of which export value grew by LVL 172.9 million or 13.0%, whereas import value rose by LVL 293.9 million or 17.7%.

In January - March 2012 there was a decline in the foreign trade balance, as the export share in the total foreign trade volume decreased till 43.5% (in January – March 2011 – 44.5%).
 

Foreign trade of Latvia at current prices by quarter, million LVL1

1Data on all quarters of 2011 have been revised.

Volume changes of foreign trade of Latvia; at constant prices

Period

Export, % (+, -) over

Import, % (+, -) over

 previous quarter

corresponding quarter of the previous year

previous quarter

corresponding quarter of the previous year

1st quarter of 2012

-8.9

+9.6

-11.7

+8.8

4th quarter of 2011

+3.3

+11.7

+0.6

+15.6

 

Exports and imports of Latvia according to BEC2 classification, at current prices

Commodity groups

Exports

Imports

January – March 2011

January – March 2012

January – March 2011

January – March 2012

mln LVL

as % of total volume

mln LVL

as % of total volume

mln LVL

as % of total volume

mln LVL

as % of total volume

Total

1328.5

100

1 501.4

100

1 658.2

100

1 952.1

100

Capital goods

106.1

8.0

109.3

7.3

191.7

11.6

221.9

11.4

Intermediate goods

809.7

60.9

830.8

55.3

833.4

50.3

934.6

47.9

Consumer goods

315.6

23.8

331.4

22.1

437.3

26.4

410.7

21.0

Other goods

50.2

3.8

203.9

13.6

110.0

6.6

317.5

16.3

Passenger motor cars3

46.4

3.5

25.2

1.7

59.2

3.6

37.4

1.9

Automotive fuel3

0.5

0.0

0.8

0.1

26.7

1.6

30.0

1.5

2Classification by Broad Economic Categories.
3Commodities included in several BEC categories.

According to the BEC classification, exported and imported goods can be grouped in categories by possible kind of their utilisation. Capital goods are composed of fixed assets, intermediate goods - of industrial supplies provided for further processing. Goods produced for the needs of the population are treated as consumer goods. Other goods not included in the above-mentioned categories (e.g., military equipment and other specific goods) are included in the category “goods not elsewhere specified”.

 

Composition of foreign trade of Latvia by kind of economic activity of enterprises according to NACE Rev. 2 classification in January – March 2012, at current prices

Exporters/importers by main kind of economic activity

Exports

Imports

Foreign trade balance, mln LVL (+,-)

mln LVL

as % of total volume

mln LVL

as % of total volume

Total

1 501.4

100

1 952.1

100

-450.7

Agriculture, forestry and fishing 

29.9

2.0

12.8

0.7

+17.1

Mining and quarrying

13.3

0.9

3.1

0.2

+10.2

Manufacturing

621.2

41.4

289.3

14.8

+332.0

 

of which:

 

 

 

 

 

 

manufacture of food products, beverages and tobacco

75.2

5.0

56.9

2.9

+18.3

 

manufacture of textiles, apparel

37.1

2.5

20.8

1.1

+16.3

 

manufacture of wood and paper products; printing

181.6

12.1

34.3

1.8

+147.3

 

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

48.1

3.2

35.0

1.8

+13.1

 

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

39.9

2.7

24.6

1.3

+15.3

 

manufacture of basic metals and fabricated metal products

131.5

8.8

63.9

3.3

+67.6

 

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

40.7

2.7

19.9

1.0

+20.8

 

manufacture of transport equipment

25.9

1.7

11.6

0.6

+14.3

 

 manufacture of furniture

16.7

1.1

6.2

0.3

+10.5

 

other manufacturing sectors

24.5

1.6

16.1

0.8

+8.4

Electricity, gas, steam and air conditioning supply

11.2

0.7

211.2

10.8

-200.0

Water supply, sewerage, waste management and remediation activities

7.0

0.5

2.1

0.1

+4.9

Construction

5.0

0.3

13.3

0.7

-8.3

Wholesale and retail trade; repair of motor vehicles and motorcycles

517.4

34.5

1 009.9

51.7

-492.6

Transport and storage

45.3

3.0

25.9

1.3

+19.4

Other kinds of economic activity; without breakdown

251.1

16.7

384.5

19.7

-133.5

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