Foreign trade of Latvia in July 2008

09.09.2008

Total foreign trade turnover at current prices in July 2008 reached 1012.4 mln lats – more by 46.3 mln lats or 4.8% than a month before and less by 55.6 mln lats or 5.2% than in July last year, according to Central Statistical Bureau data.

Latvia’s foreign trade, in mln lats1

Latvia’s foreign trade, in mln lats1

1) Data on April 2008 have been revised.

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

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

July 2008

July 2007

Exports - total

369 857

100

+3.7

+9.3

74.8

Agricultural and food products (I-IV)

55 874

15.1

+12.8

+19.5

62.7

 

of which - prepared foodstuffs (IV)

26 653

7.2

+9.0

+5.3

58.2

Products of the chemical and allied industries (VI)

31 181

8.4

+10.4

+17.5

74.6

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

11 265

3.0

+12.7

+16.4

75.4

Wood and wood products (IX)

60 269

16.3

+2.9

-31.7

88.8

Textiles and textile articles (XI)

18 297

4.9

-0.9

-3.6

74.6

Base metals and articles of base metals (XV)

75 513

20.4

-5.0

+63.6

82.6

Machinery and mechanical appliances; electrical equipment (XVI)

44 361

12.0

+13.4

+25.1

61.7

Transport vehicles (XVII)

28 952

7.8

+4.8

+11.6

84.1

Miscellaneous manufactured articles; including furniture (XX)

12 771

3.5

+19.6

+11.5

61.7

Other goods

31 374

8.5

-9.9

+8.2

65.8

In July 2008, compared to previous month most rapid increase at current prices was in exports of wheat and meslin (exports to United Arabian Emirates, Spain, Estonia and Sweden) – 2.6 times, of cigarettes – by 49.5%, of non-ferrous metals and articles thereof – by 24.9%, of machinery and mechanical appliances – by 16.6%, of milk, cream and milk products, excluding butter, cheese and curd – by 15.7% and of wood in the rough – by 10.8%, but exports of synthetic fibre, thread and yarn decreased by 29.4%, of pharmaceutical products – by 18.9%, of glass fibres (including glass wool) and articles thereof - by 10.9%, of articles of iron or steel - by 8.9%.

Compared to July 2007 the largest exports increase was on wheat and meslin (exports to United Arabian Emirates, Spain and Estonia) – 2.2 times, on vodka – by 62.3%, on iron and non-alloy steel – by 54.2%, on articles of iron or steel – by 49.5%, on machinery and mechanical appliances – by 28.7%, on cheese and curd – by 17.1%, but the exports of synthetic fibre, thread and yarn decreased by 65.1%, of sawn wood – by 50.5%, of wood in the rough – by 49.6%, of veneer sheets and plywood – by 26.9%.

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

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

June 2008

July 2007

Imports - total

642 521

100

+5.4

-12.0

74.8

Agricultural and food products (I-IV)

84 004

13.1

+4.8

+16.3

89.4

 

of which - prepared foodstuffs (IV)

46 143

7.2

+11.2

+19.6

87.2

Mineral products (V) 1)

109 398

17.0

+5.5

+36.9

48.4

Products of the chemical and allied industries (VI)

60 379

9.4

+26.1

+7.5

80.2

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

31 591

4.9

+6.7

-13.5

88.9

Wood and wood products (IX)

11 407

1.8

+2.6

-50.9

56.2

Textiles and textile articles (XI)

22 559

3.5

+8.4

-12.7

82.5

Base metals and articles of base metals (XV)

83 566

13.0

-3.6

+26.3

56.6

Machinery and mechanical appliances; electrical equipment (XVI)

110 722

17.2

+13.0

-39.6

83.4

Transport vehicles (XVII)

61 322

9.5

-9.5

-41.9

90.7

Miscellaneous manufactured articles; including furniture (XX)

15 835

2.5

-6.5

-29.3

76.5

Other goods

51 738

8.1

+9.9

-11.4

84.2

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

In July 2008 compared to previous month most rapid increase at current prices was in imports of prepared sugar (imports from Finland, Netherlands) – 2.1 times, of electricity – by 45.1%, articles of apparel and accessories knitted or crocheted – by 41.6%, of pharmaceutical products – by 35.0%, of machinery and mechanical appliances – by 15.5%, but imports of tractors decreased by 29.0%, of trucks – by 27.2%, of parts and accessories for the motor vehicles thereof – by 3.8%.

Compared to July 2007 the most notable decrease had imports of sawn wood – by 73.3%, of trucks – by 65.9%, of passenger cars – by 51.9%, of mobile telephones – by 37.4%, of furniture, including mattress and articles of bedding and similar furnishing – by 36.5%, of machinery and mechanical appliances – by 26.3%, of articles of apparel, not knitted or crocheted - by 12.6%, but imports of natural gas increased 2.4 times, of prepared sugar (imports from Finland, Denmark and Poland) – 2.2 times, of diesel oil – by 42.2%, of iron and non-alloy steel – by 34.6%, of meat of swine, fresh, chilled or frozen (excluding offal) – by 16.2% and of pharmaceutical products – by 12.4%.

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

Groups of countries, countries

July 2008

June 2008

July 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

369 857

100

356 536

100

338 236

100

 

EU countries,

276 612

74.8

254 401

71.4

257 160

76.0

 

CIS

55 336

15.0

55 419

15.5

50 275

14.9

 

Other countries

37 909

10.2

46 716

13.1

30 801

9.1

Main exports partners:

 

 

 

 

 

 

Lithuania

67 283

18.2

61 188

17.2

52 632

15.6

Estonia

51 827

14.0

46 107

12.9

48 479

14.3

Russia

37 754

10.2

37 453

10.5

34 401

10.2

Germany

30 710

8.3

26 950

7.6

31 403

9.3

Sweden

22 566

6.1

23 120

6.5

28 100

8.3

United Kingdom

20 996

5.7

11 915

3.3

27 840

8.2

Denmark

15 211

4.1

17 677

5.0

9 916

2.9

Imports - total

642 521

100

609 611

100

729 779

100

EU countries,

EU countries,

480 567

74.8

455 182

74.7

596 382

81.7

CIS

CIS

108 612

16.9

107 813

17.7

76 665

10.5

Other

Other countries

53 342

8.3

46 616

7.6

56 732

7.8

Main imports partners:

 

 

 

 

 

 

Lithuania

111 612

17.4

104 235

17.1

107 652

14.8

Germany

85 894

13.4

83 112

13.6

117 875

16.2

Russia

69 098

10.8

63 274

10.4

47 022

6.4

Estonia

47 509

7.4

40 431

6.6

54 380

7.5

Poland

44 434

6.9

42 021

6.9

48 557

6.7

Finland

27 181

4.2

25 259

4.1

34 970

4.8

Belarus

25 445

4.0

22 901

3.8

20 822

2.9

Total foreign trade turnover at current prices in January – July 2008 was 3.4% or 226.8 mln lats more than in the corresponding period of previous year, and its value reached 6962.2 mln lats.

Foreign trade of Latvia in January - July 2008, at current prices

Exports

Imports

Total

EU countries, % of total of the group

Total

EU countries, % of total of the group

thsd lats

% of total

thsd lats

% of total

Total

2 580 564

100

74.7

4 381 597

100

76.0

Agricultural and food products (I-IV)

382 538

14.8

69.1

563 975

12.9

87.2

Live animals and animal products (I)

97 235

3.8

83.7

115 646

2.6

93.1

Vegetation products (II)

94 419

3.7

80.6

140 992

3.2

81.7

 

Fats and oils (III)

4 629

0.2

96.8

23 031

0.5

96.5

 

Prepared foodstuffs (IV)

186 255

7.2

54.9

284 306

6.5

86.8

Mineral products (V) 1)

102 022

4.0

57.2

646 676

14.8

47.6

Products of the chemical and allied industries (VI)

203 025

7.9

68.2

421 125

9.6

80.0

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

70 070

2.7

72.8

210 421

4.8

87.4

Raw hides, leather, furskins and articles thereof (VIII)

8 238

0.3

85.4

14 411

0.3

82.1

Wood and wood products (IX)

474 836

18.4

90.2

93 736

2.1

54.5

Pulp of wood; paper and paperboard (X)

43 586

1.7

79.2

104 732

2.4

86.0

Textiles and textile articles (XI)

143 050

5.5

68.9

178 087

4.1

83.6

Footwear, headgear, umbrellas and other articles (XII)

6 949

0.3

83.2

37 720

0.9

86.2

Articles of stone, plaster, cement, glassware and ceramic products (XIII)

53 706

2.1

77.5

91 959

2.1

85.8

Precious, semiprecious stone, precious metals, metals clad with precious metal, articles thereof (XIV)

6 375

0.2

83.1

19 005

0.4

52.2

Base metals and articles of base metals (XV)

467 174

18.1

76.3

484 372

11.1

55.7

Machinery and mechanical appliances; electrical equipment (XVI)

303 088

11.7

65.6

788 369

18.0

84.9

Transport vehicles (XVII)

203 484

7.9

82.9

521 625

11.9

92.3

Optical instruments and apparatus (inc. medical); clocks and watches; musical instruments (XVIII)

22 662

0.9

41.1

72 242

1.6

82.8

Arms and ammunition (XIX)

66

0.0

-

5 523

0.1

91.0

Miscellaneous manufactured articles; including furniture (XX)

88 209

3.4

70.2

127 254

2.9

78.9

Works of art, collectors pieces and antiques (XXI)

21

0.0

-

367

0.0

66.5

Other goods

1 465

0.1

63.8

-

-

-

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

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. +371 67366604