Foreign trade of Latvia in March 2007

15.05.2007

Compared to the February 2007, the value of exports in March 2007 increased by 22.2% or 61.5 mln lats but in comparison with March 2006, it increased by 24.4% or 66.5 mln lats, reaching 339.3 mln lats, according to Central Statistical Bureau data.

The value of imports in March 2007 was, in turn, 16.0% or 88.8 mln lats higher than a month ago, but 28.0 % or 141.0 mln lats higher compared to March 2006, reaching 644.5mln lats.

The total foreign trade turnover in March 2007 was 26.7% or 207.5 mln lats higher than in the corresponding period of the previous year and its value was as high as 983.9 mln lats.

Latvia’s foreign trade, in millions of lats

In March 2007, in comparison with March 2006, in the exports of Latvia the value of main activities – wood and articles of wood, increased by 19.4% (to Germany - by 39.5%, Lithuania - by 35.6%, Estonia - by 31.2%). Increased also exports of such important activities as base metals and articles of base metals – by 49.1% (to Estonia - by 57.5%, Lithuania - by 16.0%,), products of the chemical and allied industries – by 35.6% (to Lithuania – by 91.4%, to Denmark - by 63.8%, to Russia - by 38.6%), but increased the exports of mineral products – by 21.4% (especially to Lithuania – by 59.5%).

Compared to February 2007, thevalue of exports increased in all importantcommodity groups. For products of the chemical and allied industries – by 31.5% (to Great Britain- by 87.0%, to Lithuania - by 59.3%, to Germany - by 35.3%), miscellaneous manufactured articles (including furniture) - by 35.4% (to Russia - by 95.2%, to Lithuania - by 72.9%, to Denmark - by 50.6%), wood and articles of wood - by 24.1% (to Estonia - by 121.6%, to Germany - by 42.0%, to Sweden - by 28.4%) and base metals and articles of base metals - by 11.0% (to Poland - by 158.5%, to Russia - by 15.8%).

Exports

March 2006

March 2007

Total

ES – 27,
% of total of the group

Total

ES – 27,
% of total of the group

thsd
lats

% of total

thsd
lats

% of total

Exports - total

272863

100

73.5

339323

100

75.3

Agricultural and food products (I-IV)

35005

12.8

59.3

39882

11.8

64.0

prepared foodstuffs;

alcoholic and non-alcoholic beverages (IV)

22731

8.3

47.2

24691

7.3

57.4

Mineral products (V) 1)

15572

5.7

62.4

12307

3.6

68.1

Products of the chemical and allied industries (VI)

21339

7.8

70.7

28926

8.5

70.2

Wood and articles of wood (IX)

62906

23.1

88.0

75110

22.1

90.2

Textiles and textile articles (XI)

24862

9.1

71.2

27511

8.1

71.4

Base metals and articles of base metals (XV)

34725

12.7

72.5

51782

15.3

85.0

Machinery and mechanical appliances: electrical equipment (XVI)

24517

9.0

61.3

33201

9.8

57.9

Miscellaneous manufactured articles including furniture (XX)

13919

5.1

77.5

15135

4.5

77.9

Other goods

40018

14.7

77.1

55468

16.3

70.4

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

Compared to March 2006, in March 2007 the value of imports increased in all important commodity groups. Imports of machinery and mechanical appliances; electrical equipment increased by 34.8% (from Estonia - by 81.9%, from Lithuania - by 52.8%, from Sweden - by 71.6%), transport vehicles - by 47.3% (from Lithuania - by91.9%, from Germany - by 55.1%, from Estonia – by 54.8%), Base metals and articles of base metals - by 31.2% (from Poland – by .8%, from Russia - by 46.3%, from Estonia – by 29.7%), mineral products - by 8.9% (from Lithuania – by 74.6%).

In comparison with February 2007 the imports of textiles and textile articles increased - by 21.3% (from Great Britain - by 69.6%, from Estonia - by 49.0%, from Italy - by 40.0%), transport vehicles - by 18.1% (from Poland - by 92.9%, from Germany - by 23.7%, from Sweden - by 43.5%), products of the chemical and allied industries - by 19.7% (from Poland – by 31.1%, from Germany – by 31.0%, from Sweden– by 25.4%), mineral products - by 7,7% (motor spirit from Lithuania - by 18.1%, liquids for hydraulic and lubricating oils from Poland - 2 times).

Imports

March 2006

March 2007

Total

ES – 27,
% of total of the group

Total

ES – 27,
% of total of the group

thsd
lats

% of total

thsd
lats

% of total

Imports – total

503492

100

75.0

644536

100

76.9

Agricultural and food products (I-IV)

56830

12.3

86.4

70262

10.9

86.1

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

28081

5.6

83.6

38099

5.9

84.9

Mineral products (V) 1)

64342

12.8

32.3

70081

10.9

49.3

Products of the chemical and allied industries (VI)

51694

10.3

80.2

59685

9.3

80.1

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

24311

4.8

89.8

30372

4.7

86.8

Pulp of wood; paper, cardboard (X)

13497

2.7

84.6

16166

2.5

84.2

Textiles and textile articles (XI)

26803

5.3

86.1

31881

4.9

83.5

Base metals and articles of base metals (XV)

47266

9.4

60.1

62030

9.6

53.7

Machinery and mechanical appliances; electrical equipment (XVI)

91515

18.2

84.4

123370

19.1

86.0

Transport vehicles (XVII)

63825

12.7

93.1

93996

14.6

93.3

Other goods

63409

12.6

70.7

86693

13.5

67.9

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

Main partners of Latvia’s foreign trade in March 2007, in %

Exports

Imports

Main partners of Latvia’s foreign trade

Groups of countries,
countries

February 2007

March 2007

March 2007value in
% (+,-)against

thsd lats

ratio, %

thsd lats

ratio, %

February 2007

March 2006

Exports - total

277788

100.0

339323

100.0

+22.2

+24.4

EU– 27 countries

210080

75.6

255643

75.3

+21.7

+27.5

EU– 25 countries

209816

75.5

254844

75.1

+21.5

+27.3

EU– 15 countries

118525

42.7

138623

40.9

+17.0

+19.3

other countries

CIS

40204

14.5

50560

14.9

+25.8

+33.5

other

27504

9.9

33120

9.8

+20.4

-4.0

Main export partners:

Lithuania

41330

14.9

48266

14.2

+16.8

+21.2

Estonia

35748

12.9

43378

12.8

+21.3

+32.0

Russia

25237

9.1

31084

9.2

+23.2

+33.6

Germany

22526

8.1

31047

9.1

+37.8

+13.7

Great Britain

21854

7.9

27122

8.0

+24.1

+28.3

Sweden

20447

7.4

23903

7.0

+16.9

+38.7

Poland

8510

3.1

17977

5.3

2 times

3 times

Denmark

11734

4.2

13704

4.0

+16.8

-2.8

Imports – total

555714

100.0

644536

100.0

+16.0

+28.0

EU– 27 countries

417455

75.1

495539

76.9

+18.7

+31.3

EU– 25 countries

415914

74.8

494343

76.7

+18.9

+31.2

EU15 countries

252924

45.5

289631

44.9

+14.5

+29.8

other countries

CIS

82710

14.9

90500

14.0

+9.4

+13.3

other

55549

10.0

58497

9.1

+5.3

+26.9

Main import partners:

Germany

93998

16.9

101492

15.7

+8.0

+32.0

Lithuania

63843

11.5

84917

13.2

+33.0

+38.4

Russia

58844

10.6

58115

9.0

-1.2

+18.7

Estonia

42669

7.7

47065

7.3

+10.3

+25.1

Poland

37281

6.7

46271

7.2

+24.1

+32.3

Finland

32812

5.9

34585

5.4

+5.4

+29.3

Sweden

27826

5.0

32646

5.1

+17.3

+30.0

Italy

18229

3.3

26047

4.00

+42.9

+51.7

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