Foreign trade of Latvia in March 2006

15.05.2006

The value of exports in March 2006 increased by 18.2% or 41.6 mln lats compared to the previous month and by 13.6% or 32.4 mln lats compared to March 2005, reaching 269.7 mln lats.

The value of imports in March 2006 was by 15.3% or 63.7 mln lats higher than a month ago and 25.0% or 95.9 mln lats higher compared to March 2005, reaching 480.1 mln lats.

The total foreign trade turnover in the 1st quarter of 2005 was by 22.0% or 358.8 mln lats higher than in the 1st quarter of the previous year and its value was as high as 1987.2 mln lats.

Latvia’s foreign trade, in millions of lats1

 

Compared to January-March 2005, the considerable increases in exports in January-March 2006 were 54.1% for agricultural and food products, 43.8% for plastics and plastic products and 41.4% for optical instruments and apparatus. The decreases in exports, in turn, were 33.9% for mineral products and 0.2% for wood and articles of wood.

Compared to January-March 2005, the steepest increases in imports in January-March 2006 were 52.4% for transport vehicles, 51.9% for miscellaneous manufactured articles (including furniture) and 28.0% for plastics and plastic products. There was, in turn, a decrease of 1.3% in the imports of wood and of articles of wood.

1)

Beginning from 1995, foreign trade data are available in the section "Main indicators" of the CSB homepage.

   Data adjusted for December 2005 and also for exports in February 2006

Principal exports and imports of Latvia in January-March 2006

Exports

Imports

Main partners of Latvia’s foreign trade

Groups of countries, countries

February 2006

March 2006

March 2006 as % of

thsd lats

ratio, %

thsd lats

ratio, %

February 2006

March 2005

Exports total

1228 097

100

269 724

100

+18,2

+13,6

EU – 25

173 909

76,2

197 023

73,0

+13,3

+9,9

EU – 15

107 095

47,0

116 884

43,3

+9,1

+7,9

Other countries:

 

 

 

 

 

 

CIS

129 618

13,0

37 867

14,0

+27,9

+41,9

other

24 571

10,8

34 834

13,0

+41,8

+11,0

Main export partners:

 

 

 

 

 

 

Lithuania

32 501

14,2

38 522

14,3

+18,5

+76,8

Estonia

25 868

11,3

31 588

11,7

+22,1

+38,6

Germany

22 926

10,0

27 335

10,1

+19,2

+22,6

Russia

119 011

8,3

23 262

8,6

+22,4

+40,5

Great Britain

19 878

8,7

21 086

7,8

+6,1

-16,0

Sweden

16 625

7,3

17 975

6,7

+8,1

-4,7

Denmark

12 490

5,5

14 257

5,3

+14,2

+27,5

Netherlands

8 323

3,6

7 453

2,8

-10,5

+34,4

Imports - total

416 340

100

480 061

100

+15,3

+25,0

EU – 25

303 130

72,8

353 258

73,6

+16,5

+27,9

EU – 15

177 468

42,6

209 638

43,7

+18,1

+28,9

Other countries:

 

 

 

 

 

 

CIS

71 556

17,2

79 910

16,6

+11,7

+8,6

other

41 654

10,0

46 893

9,8

+12,6

+36,0

Main import partners:

 

 

 

 

 

 

Germany

57 190

13,7

69 250

14,4

+21,1

+36,2

Lithuania

55 227

13,3

57 806

12,0

+4,7

+25,2

Russia

42 658

10,2

48 974

10,2

+14,8

+19,9

Estonia

28 712

6,9

36 767

7,7

+28,1

+31,4

Poland

26 264

6,3

31 661

6,6

+20,5

+34,8

Finland

23 087

5,5

27 219

5,7

+17,9

+25,9

Sweden

21 526

5,2

22 506

4,7

+4,6

+18,5

Belarus

22 895

5,5

22 280

4,6

-2,7

+6,8

 1 Adjusted data

Exports and imports by main commodity group


January-March 2006

March 2006

Total

ES - 25

Total

ES - 25

thsd
lats

% of total

thsd
lats

% of
total of
the group

thsd
lats

% of total

thsd
lats

% of total of the group

Exports – total

715 507

100

533252

74.5

269724

100

197023

73.0

Agricultural and food products (I-IV)

95 085

13.3

60 353

63.5

35 074

13.0

20 842

59.4

prepared foodstuffs; alcoholic and non-alcoholic beverages (IV)

56 171

7.8

27 632

49.2

22 755

8.4

10 755

47.3

Mineral products (V) 1)

42 571

5.9

26 460

62.2

16 059

6.0

10 250

63.8

Products of the chemical and allied industries (VI)

49 585

6.9

31 373

63.3

21 205

7.9

14 951

70.5

Plastics and articles thereof (VII)

20 287

2.8

16 258

80.1

7 364

2.7

5 749

78.1

Wood and articles of wood (IX)

166 374

23.3

146 122

87.8

60 399

22.4

52 863

87.5

Pulp of wood; paper, paperboard (X)

13 811

1.9

10 220

74.0

4 894

1.8

3 780

77.2

Textiles and textile articles (XI)

67 474

9.4

50 327

74.6

25 147

9.3

17 958

71.4

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

12 861

1.8

9 201

71.5

5 913

2.2

4 229

71.5

Base metals and articles of base metals (XV)

94 163

13.2

72 395

76.9

34 573

12.8

24 998

72.3

Machinery and mechanical appliances: electrical equipment (XVI)

60 051

8.4

38 339

63.8

24 391

9.0

14 847

60.9

Transport vehicles (XVII)

43 006

6.0

35 257

82.0

16 550

6.1

13 460

81.3

Optical instruments and apparatus, clocks and watches, musical instruments (XVIII)

6 320

0.9

3 147

49.8

2 335

0.9

1 044

44.7

Miscellaneous manufactured articles including furniture (XX)

36 426

5.1

28 343

77.8

13 106

4.9

9 974

76.1

Other goods

7 495

1.0

5 457

72.8

2 713

1.0

2 079

76.6

Imports - total

1271643

100

930712

73.2

480061

100

353258

73.6

Agricultural and food products (I-IV)

145 808

11.5

124 711

85.5

55 301

11.5

47 388

85.7

prepared foodstuffs; alcoholic and non-alcoholic beverages (IV)

71 552

5.6

59 526

83.2

27 587

5.7

22 821

82.7

Mineral products (V) 1)

196 725

15.5

67 688

34.4

64 963

13.5

21 426

33.0

Products of the chemical and allied industries (VI)

118 330

9.3

91 260

77.1

48 173

10.0

37 723

78.3

Plastics and articles thereof (VII)

64 361

5.1

56 918

88.4

23 727

4.9

21 211

89.4

Wood and articles of wood (IX)

37 378

2.9

14 814

39.6

14 917

3.1

5 288

35.4

Pulp of wood; paper, paperboard (X)

37 167

2.9

31 667

85.2

13 210

2.8

11 124

84.2

Textiles and textile articles (XI)

64 219

5.1

53 935

84.0

26 264

5.5

22 517

85.7

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

31 397

2.5

26 401

84.1

11 799

2.5

9 849

83.5

Base metals and articles of base metals (XV)

115 835

9.1

67 612

58.4

44 316

9.2

25 317

57.1

Machinery and mechanical appliances: electrical equipment (XVI)

230 206

18.1

195 151

84.8

88 583

18.5

74 091

83.6

Transport vehicles (XVII)

145 752

11.5

133 678

91.7

55 640

11.6

51 180

92.0

Optical instruments and apparatus, clocks and watches, musical instruments (XVIII)

22 151

1.7

17 204

77.7

8 233

1.7

6 396

77.7

Miscellaneous manufactured articles including furniture (XX)

40 316

3.2

34 047

84.5

15 597

3.2

13 197

84.6

Other goods

21 997

1.7

15 626

71.0

9 336

1.9

6 551

70.2


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

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