Foreign trade of Latvia in January-September 2010

15.11.2010

The provisional data of the Central Statistical Bureau show that, in January - September 2010 total volume of goods in foreign trade of Latvia at current prices reached 7422.4 mln lats – an increase of 1351.2 mln lats or 22.3%, if compared to January – September 2009. Of which exports volume grew by 743.0 mln lats or 28.7%, but imports volume – by 608.2 mln lats or 17.5%.

In January – September 2010 improvement of foreign trade balance was observed, as the exports share in total foreign trade volume increased up to 44.9% (in January – September 2009 – 42.6%).

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

1 Data on 1st and 2nd quarter of 2010 have been revised.

Excluding impact of prices of goods, exports value (at constant prices) in January - September 2010, compared to January - September 2009, has increased by 20.4%, but imports value - by 11.1%.

Volume changes of foreign trade of Latvia; at constant prices2

Quarters of 2010

Exports, % (+, -) over

Imports, % (+, -) over

previous quarter

corresponding quarter of previous year

previous quarter

corresponding quarter of previous year

1st quarter

-9.5

+15.7

-6.2

+0.5

2nd quarter

+13.8

+21.2

+8.5

+13.8

3rd quarter

+10.0

+22.4

+13.5

+17.8

2 Data on 1st and 2nd quarter of 2010 have been revised.

 

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

Goods

Exports

Imports

January – September 2009

January – September 2010

January – September 2009

January – September 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

2 586.1

100

3 329.1

100

3 485.1

100

4 093.3

100

Capital goods

279.9

10.8

272.4

8.2

383.7

11.0

407.1

9.9

Goods of intermediate consumption

1 439.0

55.6

1 956.9

58.8

1 599.4

45.9

1 946.4

47.6

Consumer goods

668.6

25.9

819.0

24.6

1 082.1

31.0

1 114.5

27.2

Other goods

100.5

3.9

185.1

5.6

259.4

7.5

445.4

10.9

Passenger cars4

82.3

3.2

90.2

2.7

75.7

2.2

105.7

2.6

Automotive fuel 4

15.8

0.6

5.5

0.2

84.8

2.4

74.2

1.8

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 kind of economic activity of enterprises by NACE Rev. 2 classification in January - September 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

3 329.1

100

4 093.3

100

-764.2

Agriculture, forestry and fishing 

87.4

2.6

26.3

0.6

+61.2

Manufacturing

1 477.3

44.4

711.6

17.4

+765.8

 

of which:

 

 

 

 

 

 

manufacture of food products, beverages and tobacco

186.5

5.6

157.2

3.8

+29.4

 

manufacture of textiles, apparel

90.4

2.7

59.5

1.5

+31.0

 

manufacture of wood and paper products; printing

474.8

14.3

93.5

2.3

+381.3

 

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

121.2

3.6

54.8

1.3

+66.4

 

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

103.4

3.1

60.0

1.5

+43.5

 

manufacture of basic metals and fabricated metal products

261.7

7.9

140.1

3.4

+121.5

 

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

83.7

2.5

52.2

1.3

+31.4

 

manufacture of transport equipment

47.2

1.4

32.5

0.8

+14.7

 

 manufacture of furniture

41.0

1.2

14.4

0.4

+26.6

 

other manufacturing sectors

67.3

2.0

47.4

1.2

+20.0

Electricity, gas, steam and air conditioning supply

33.9

1.0

214.0

5.2

-180.1

Construction

30.0

0.9

47.6

1.2

-17.6

Wholesale and retail trade; repair of motor vehicles and motorcycles

1 201.2

36.1

2 305.2

56.3

-1 104.0

Transport and storage

88.2

2.6

80.5

2.0

+7.7

Other sections; without breakdown by sections

411.0

12.3

708.1

17.3

-297.1

 

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