Foreign trade of Latvia in July 2012

10.09.2012

Provisional data of the Central Statistical Bureau show that the total foreign trade turnover at current prices in July 2012 comprised LVL 1265.9 million – 1.8% or LVL 22.0 million more than a month ago and 8.8% or LVL 102.3 million more than in July 2011.

As compared to the previous month, in July 2012 the export value increased by 2.5% and import value - by 1.2%.The most significant growth was recorded in export of mineral products - of LVL 19.5 million or 51.6%, in export of base metals and articles of base metals – of LVL 7.4 million or 8.9% and in export of machinery and mechanical appliances; electrical equipment – of LVL 4.6 million or 6.4%.In its turn, import growth was mostly affected by increase in import of machinery and mechanical appliances; electrical equipment - of LVL 9.8 million or 8.0%, as well as in import of prepared foodstuffs – of LVL 3.0 million or 5.9% and in import of wood and articles of wood – of LVL 2.9 million or 27.2%.

In January – July 2012 the foreign trade turnover value reached LVL 8463.6 million – 12.9% or LVL 968.8 million more than in the corresponding period of the previous year.Of which exports comprised LVL 3660.7 million – an increase of 11.2% or LVL 369.5 million, whereas imports constituted LVL 4802.9 million – 14.3% or LVL 599.3 million more than a year ago.

Foreign trade of Latvia, million LVL1

________________

1)  Data on April 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

July 2011

 

thousand LVL

% of

total

% (+, -)

over

July 2011

 

Total

550 596

100

+16.5

715 308

100

+3.5

-164 712

Agricultural and food products (I-IV)

84 745

15.4

+30.0

107 541

15.0

+21.4

-22 796

Live animals and animal products (I)

26 477

4.8

+23.4

24 425

3.4

+15.7

+2 052

 

meat and offal (02)

3 726

0.7

+15.5

7 051

1.0

-16.1

-3 325

 

fish (fresh, frozen, smoked) (03)

6 146

1.1

+56.3

8 825

1.2

+83.7

-2 679

 

dairy produce, eggs (04)

14 291

2.6

+21.5

7 230

1.0

+5.7

+7 061

Vegetation products (II)

10 628

1.9

+4.4

23 113

3.2

+17.4

-12 485

 

edible fruit and nuts (08)

2 507

0.5

-7.6

7 407

1.0

+12.9

-4 900

 

cereals (10)

1 596

0.3

-44.1

1 470

0.2

-23.1

+126

 

oilseeds (12)

1 772

0.3

+50.5

3 833

0.5

+34.1

-2 061

Prepared foodstuffs (IV)

45 757

8.3

+43.3

52 788

7.4

+22.4

-7 031

 

preparations of meat, or fish (16)

5 171

0.9

+23.1

2 824

0.4

+1.9

+2 347

 

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

1 953

0.4

+27.5

6 357

0.9

+14.8

-4 404

 

beverages, spirits and vinegar (22)

25 120

4.6

+63.7

13 714

1.9

+31.7

+11 406

 

tobacco and manufactured tobacco substitutes (24)

1 754

0.3

+36.9

3 923

0.5

+30.7

-2 169

Mineral products (V) 1)

57 220

10.4

+21.7

118 209

16.5

+1.9

-60 989

 

 

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

54 732

9.9

+27.4

113 859

15.9

+0.9

-59 127

Products of the chemical and allied industries (VI)

33 038

6.0

-7.9

57 215

8.0

-2.2

-24 177

 

pharmaceutical products (30)

12 782

2.3

-23.1

20 132

2.8

-27.0

-7 350

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

16 787

3.0

+4.9

40 220

5.6

+6.3

-23 433

 

plastics and articles thereof (39)

12 531

2.3

+0.4

27 318

3.8

+5.1

-14 787

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

85 708

15.6

+4.6

13 790

1.9

+47.2

+71 918

 

wood and articles of wood; wood charcoal (44)

85 628

15.6

+4.5

13 661

1.9

+47.0

+71 967

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

11 687

2.1

+11.5

15 925

2.2

-4.4

-4 238

 

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

6 105

1.1

-6.4

14 279

2.0

-6.4

-8 174

 

products of the printing industry; manuscripts (49)

4 809

0.9

+47.2

1 541

0.2

+15.3

+3 268

Textiles and textile articles (XI)

20 834

3.8

+12.2

30 433

4.3

+19.6

-9 599

 

knitted or crocheted fabrics (60)

1 300

0.2

+45.0

2 107

0.3

+34.1

-807

 

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

6 283

1.1

-4.4

7 426

1.0

-11.8

-1 143

 

 

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

6 991

1.3

+11.7

8 317

1.2

+39.2

-1 326

Base metals and articles of base metals (XV)

91 427

16.6

+21.6

71 090

9.9

-6.1

+20 337

 

iron and steel (72)

55 447

10.1

+26.4

37 131

5.2

-14.2

+18 316

 

articles of iron or  steel (73)

19 339

3.5

+22.6

17 677

2.5

-5.9

+1 662

Machinery and mechanical appliances; electrical equipment (XVI)

76 344

13.9

+38.9

132 370

18.5

-15.1

-56 026

 

machinery and mechanical appliances (84)

29 408

5.3

+21.1

68 789

9.6

-33.7

-39 381

 

electrical machinery and equipment (85)

46 936

8.5

+53.0

63 581

8.9

+22.0

-16 645

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

27 901

5.1

-15.5

66 480

9.3

+11.3

-38 579

 

 

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

23 840

4.3

-15.6

53 692

7.5

+0.5

-29 852

Miscellaneous manufactured articles (XX)

15 787

2.9

+19.3

19 234

2.7

+46.1

-3 447

 

 

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

12 989

2.4

+27.9

11 919

1.7

+53.3

+1 070

Other goods

29 118

5.3

+37.7

42 801

6.0

+26.1

-13 683

______________      

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

In July 2012 the most significant share in Latvia’s export had export to the countries of the European Union (67.3%), followed by export to the CIS countries – 16.0%. The main export partners were Lithuania (15.6% of the total export volume), Estonia (13.3%), Russia (11.9%), Poland (6.9%) and Germany (6.8%).

In July 2012 the most significant share in Latvia’s import had import from the countries of the European Union (79.5%), followed by import from the CIS countries – 12.4%. The main import partners were Lithuania (19.5% of the total import volume), Germany (12.8%), Poland (8.8%), Estonia (7.3%) and Russia (6.6%).

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.

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