Foreign trade of Latvia. Main commodities in January – March 2007

18.05.2007

The value of exports in 1st quarter of 2007 in current prices reached 2638,4 mln lats, what is for 589.5 mln lats or for 28,8% more compared to 1st quarter of 2006, as show the data of Central Statistical Bureau.

Foreign trade of Latvia, thsd lats

Period

Exports

Imports

2006

2007

2006

2007

total

% (+,-)against relevant period of previous year

total

% (+,-)against relevant period of previous year

1st quarter

730124

882116

+20.8

1318826

1756304

+33.2

2nd quarter

829779

1532420

3rd quarter

845610

1662739

4th quarter

886570

1847593

In the 1st quarter of 2007 the increase of commodity exports in comparison with 1st quarter of previous year was in almost all commodity groups, the decrease was only in export of those commodities with low rate in Latvia export (of art and antique objects – by 85.8%, of fats and oils – by 32.5%, of mineral products – by 17.7%, of raw hides, furskins and articles thereof – by 3.9%). But the imports increased in all commodity groups.

Also in the 1st quarter of 2007 imports considerably exceeded the exports - by 99.1%. Although it must be mentioned, that exports of wood and wood articles was 3.3 times higher than it’s imports.

Main exports, thsd lats

Commodity (CN code)

I - III of 2006

I – III of 2007

total

% (+,-) against 2006,I - III

Exports - total

730124

882116

+20.8

Agricultural and food products (I-IV)

95494

104293

+9.2

Fish, fresh, chilled or frozen (0302-0304)

6093

5012

-17.7

Milk, cream and cultured products (0401-0404)

6980

7790

+11.6

Cheese and curd (0406)

4985

4492

-9.9

Prepared foodstuffs (IV)

56029

61411

+9.6

Vodka (220860)

4708

6471

+37.4

Prepared or preserved fish (1604-1605)

15396

10946

-28.9

Products of the chemical and allied industries (VI)

53629

67280

+25.5

Pharmaceutical products (30)

25503

33898

+32.9

Semi-manufactures of plastic (3915-3926)

13160

13221

+0.5

Wood and articles of wood (IX)

172902

193221

+11.8

Wood in the rough (440310-440399)

18889

21266

+12.6

Sawn wood (4407)

75011

71381

-4.8

Veneer sheets and plywood (4408, 4412)

22027

22093

+0.3

Wood articles 4414-4421)

27002

26182

-3.0

Textiles and textile articles (XI)

67423

75315

+11.7

Articles of appeal knitted or crocheted and not knitted or crocheted (61-62)

40069

45285

+13.0

Base metals and articles of base metals (XV)

93949

141379

+50.5

Iron and non-alloy steel (7206-7217)

46656

71590

+53.4

Machinery and mechanical appliances: electrical equipment (XVI)

60807

86618

+42.4

 

Main exports of Latvia, in %

I-III of 2006

I-III of 2007


Main imports of Latvia, thsd lats

Commodity (CN code)

I-III of 2006

I-III of 2007

total

% (+,-) against I-III of 2006

Imports - total

1318826

1756304

+33.2

Agricultural and food products (I-IV)

150127

187812

+25.1

Meat of swine, fresh, chilled or frozen (0203)

6925

4991

-27.9

Poultry chilled or frozen (0207)

3877

4067

+4.9

Fish, fresh, chilled or frozen (0302-0304)

7692

6033

-21.6

Milk and milk products (0401-0404, 040510, 0406)

7408

6909

-6.7

Prepared foodstuffs (IV)

72723

104206

+43.3

Wine of fresh grapes (220421, 220429)

7138

8092

+13.4

Cigarettes (240220)

1048

8573

+8 times

Mineral products (V)

194234

204095

+5.1

Cement (2523)

1081

3704

+3 times

Motor spirit (27101141-27101159)

36286

33005

-9.0

Diesel oil (27101941-27101949)

61359

58063

-5.4

Residual fuel oil (27101961-27101969)

7680

6415

-16.5

Products of the chemical and allied industries (VI)

128001

152388

+19.1

Pharmaceutical products (30)

53168

62681

+17.9

Base metals and articles of base metals (XV)

121054

169674

+40.2

Iron and non-alloy steel (7206-7217)

37959

60930

+60.5

Articles of iron and steel (73)

40843

52142

+27.7

Machinery and mechanical appliances: electrical equipment (XVI)

237061

370026

+56.1

Transport vehicles (XVII)

158023

244849

+54.9

Passenger cars (8703)

82831

123846

+49.5

Main imports of Latvia, in %

I-III of 2006

I-III of 2007

Main commodities imported from European Union, mln lats

Compared to 1st quarter of 2006, in the import from EU countries in 1st quarter of 2007 the most rapidly increased import of transport vehicles - by 55.0%, of machinery and mechanical appliances: electrical equipment – by 53.1%, of prepared foodstuffs – 45.7%, of articles of stone, plaster, cement, glassware and ceramic products – by 44.1%. But the import of fats and oils, in turn, decreased by 1.9%, of live animals and animal products - by 1.4%.

Main commodities in imports of Latvia from CIS, mln lats

In the 1st quarter of 2007 imports from CIS countries in comparison with 1st quarter of 2006 most rapidly increased in imports of textiles and textile articles – by 91.6%, of wood and articles of wood – by 71.6%, of agricultural and food products – by 63.9%, of base metals and articles of base metals – by 46.6%, of articles of stone, plaster, cement, glassware and ceramic products – by 41.7%. But the imports of optical instruments and apparatus, in turn, decreased by 33.3%, of machinery and mechanical appliances: electrical equipment – by11.7%, of chemical and allied industries products – by 9.5%.

Prepared by Foreign Trade Statistics Section
Tel. 7366604,
Lilita Laganovska