Foreign trade of Latvia in June 2012

09.08.2012

Provisional data of the Central Statistical Bureau show that the total foreign trade turnover at current prices in June 2012 comprised LVL 1243.9 million – 0.8% or LVL 9.4 million less than a month ago and 12.6% or LVL 139.2 million more than in June 2011.

As compared to the previous month, export value in June 2012 decreased by 2.5%, while import value grew by 0.7%. The most significant drop was recorded in export of mineral products - of LVL 22.7 million or 37.5% and in export of base metals and articles of base metals – of LVL 9.8 million or 10.4%. In its turn, import growth was mostly affected by increase in import of transport vehicles – of LVL 7.3 million or 12.5%, in import of mineral products – of 6.4 million or 5.5% and in import of products of the chemical and allied industries – of LVL 6.1 million or 10.5%.

In January – June 2012, foreign trade turnover value reached LVL 7189.0 million – 13.5% or LVL 857.8 million more than in the corresponding period of the previous year. Of which exports comprised LVL 3113.8 million – an increase of 10.5% or LVL 295.3 million, whereas imports constituted LVL 4075.2 million – 16.0% or LVL 562.5 million more than a year ago.

Foreign trade of Latvia, million LVL1

________________
1)  Data on March 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

2011

June

thousand LVL

% of

total

% (+, -)

over

2011

June

Total

537 277

100

+9.6

706 566

100

+15.0

-169 289

Agricultural and food products (I-IV)

91 156

17.0

+31.2

107 605

15.2

+14.9

-16 449

Live animals and animal products (I)

25 497

4.7

+18.2

24 666

3.5

+13.3

+831

 

meat and offal (02)

3 223

0.6

+19.9

8 568

1.2

+2.9

-5 345

 

fish (fresh, frozen, smoked) (03)

7 081

1.3

+48.2

7 315

1.0

+20.2

-234

 

dairy produce, eggs (04)

12 916

2.4

+7.0

7 151

1.0

+9.9

+5 765

Vegetation products (II)

16 268

3.0

+43.1

25 429

3.6

+9.5

-9 161

 

edible fruit and nuts (08)

3 485

0.6

+63.4

8 318

1.2

+14.4

-4 833

 

cereals (10)

5 381

1.0

+15.5

3 398

0.5

-18.9

+1 983

 

oilseeds (12)

2 023

0.4

+4.4 times

1 587

0.2

-29.2

+436

Prepared foodstuffs (IV)

48 005

8.9

+36.7

49 836

7.1

+12.8

-1 831

 

preparations of meat, or fish (16)

5 598

1.0

+9.3

2 796

0.4

+6.4

+2 802

 

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

1 745

0.3

+1.1

7 306

1.0

+22.1

-5 561

 

beverages, spirits and vinegar (22)

28 004

5.2

+58.1

13 099

1.9

+1.9

+14 905

 

tobacco and manufactured tobacco substitutes (24)

1 510

0.3

-13.5

3 651

0.5

+28.2

-2 141

Mineral products (V) 1)

37 754

7.0

-28.5

122 288

17.3

+11.4

-84 534

 

 

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

33 326

6.2

-30.9

119 056

16.8

+11.1

-85 730

Products of the chemical and allied industries (VI)

38 718

7.2

-8.6

63 975

9.1

+12.3

-25 257

 

pharmaceutical products (30)

17 769

3.3

-13.3

23 783

3.4

-5.7

-6 014

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

18 047

3.4

+16.2

39 610

5.6

+8.5

-21 563

 

plastics and articles thereof (39)

14 233

2.6

+15.3

30 407

4.3

+10.6

-16 174

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

93 265

17.4

+8.3

10 841

1.5

+15.8

+82 424

 

wood and articles of wood; wood charcoal (44)

93 221

17.4

+8.4

10 761

1.5

+15.7

+82 460

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

11 987

2.2

+22.0

15 693

2.2

+2.7

-3 706

 

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

6 418

1.2

+14.2

14 046

2.0

+1.6

-7 628

 

products of the printing industry; manuscripts (49)

4 742

0.9

+31.6

1 561

0.2

+15.7

+3 181

Textiles and textile articles (XI)

22 791

4.2

+23.1

27 781

3.9

+20.8

-4 990

 

knitted or crocheted fabrics (60)

1 774

0.3

+50.4

1 874

0.3

+17.6

-100

 

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

6 069

1.1

+13.2

5 308

0.8

+12.3

+761

 

 

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

8 158

1.5

+37.2

7 929

1.1

+43.7

+229

Base metals and articles of base metals (XV)

83 979

15.6

+22.8

82 149

11.6

+18.4

+1 830

 

iron and steel (72)

47 316

8.8

+36.2

45 957

6.5

+17.2

+1 359

 

articles of iron or  steel (73)

24 285

4.5

+39.9

22 185

3.1

+18.4

+2 100

Machinery and mechanical appliances; electrical equipment (XVI)

71 770

13.4

+21.3

122 580

17.3

+22.8

-50 810

 

machinery and mechanical appliances (84)

28 769

5.4

+2.3

67 710

9.6

+25.5

-38 941

 

electrical machinery and equipment (85)

43 001

8.0

+38.5

54 871

7.8

+19.6

-11 870

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

28 084

5.2

-17.8

65 370

9.3

+10.2

-37 286

 

 

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

26 725

5.0

-12.8

50 484

7.1

-1.5

-23 759

Miscellaneous manufactured articles (XX)

14 479

2.7

+18.0

17 604

2.5

+32.7

-3 125

 

 

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

11 968

2.2

+22.5

10 515

1.5

+34.0

+1 453

Other goods

25 247

4.7

+16.3

31 070

4.4

+10.3

-5 823

______________                         

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

In June 2012 the most significant share (69.7%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 15.6%. The main export partners were Lithuania (16.8% of the total export volume), Estonia (12.6%), Russia (11.4%), Germany (7.2%) and Sweden (5.6%).

In June 2012 the most significant share (78.2%) in Latvia’s import had import from the countries of the European Union, followed by import from the CIS countries – 15.3%. The main import partners were Lithuania (19.5% of the total import volume), Germany (11.2%), Poland (8.8%), Russia (7.7%) and Estonia (7.5%).

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 Short term statistical data.

 

Prepared by Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Elga Bendrāte
tel.67366889