Foreign trade of Latvia in March 2008

12.05.2008

Compared to February 2007, the total foreign trade turnover in current prices in March 2008 reached 1008.1 mln lats – less by 2.3 mln lats or 0.2% than a month before and more by 4.5 mln lats or 0.4% than in March last year, according to Central Statistical Bureau data.

Latvia’s foreign trade, in mln lats1

________________
1) Data on October and December 2007 have been revised.

Main commodities in Latvia’s exports in March 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

February 2008

March 2007

Exports - total

378 385

100

+3,8

+10,2

74,2

Agricultural and food products (I-IV)

54 113

14,3

-3,6

+36,6

68,9

of which - prepared foodstuffs (IV)

26 852

7,1

-4,2

+12,6

56,2

Products of the chemical and allied industries (VI)

32 855

8,7

-1,4

+17,2

66,3

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

10 168

2,7

+20,6

-5,8

71,6

Wood and articles of wood (IX)

70 020

18,5

+2,6

-9,8

91,5

Textiles and textile articles (XI)

22 837

6,0

-3,9

-14,7

67,9

Base metals and articles of base metals (XV)

60 622

16,0

+11,5

+16,3

77,5

Machinery and mechanical appliances; electrical equipment (XVI)

45 640

12,1

+6,6

+26,3

65,0

Transport vehicles (XVII)

32 371

8,6

+30,9

+30,4

74,5

Miscellaneous manufactured articles; including furniture (XX)

14 299

3,8

+0,9

-5,1

74,7

Other goods

35 460

9,4

-8,2

+10,1

66,1

Compared to February, on March 2008 most rapidly increased exports on wood in the rough in current prices - by 32.6%, on iron and non-alloy steel – by 11.3%, on sawn wood – by 10.7%, but significantly decreased exports on paper and paperboard, articles of paper – by 42.9%, on particle board – by 25.6%, on fuel wood – by 14.3%, on non-ferrous metals and articles thereof – by 13.8%, on veneer sheets – 8.1%.

Compared to March 2007, the largest increase in exports was on articles of iron or steel – by 28.3%, on veneer sheets and plywood – by 15.2%, on electronic machinery and equipment – by 13.7%, on pharmaceutical products – by 10.7%, but decrease in exports was on sawn wood – by 33.9%, on wood in the rough – by 20.9%, on iron and non-alloy steel – by 9.3%.

Main commodities in Latvia’s imports in March 2008, at current prices

Total

% (+, -) over

EU countries,

% of total of the group

thsd

lats

% of

total

February 2008

March 2007

Imports - total

629 696

100

-2,5

-4,6

79,2

Agricultural and food products (I-IV)

89 000

14,1

+8,0

+23,4

88,2

of which - prepared foodstuffs (IV)

41 352

6,6

-1,1

+7,1

87,6

Mineral products (V) 1)

78 424

12,5

-10,2

+22,0

49,6

Products of the chemical and allied industries (VI)

65 729

10,4

+6,5

+4,7

83,5

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

33 379

5,3

+15,6

+11,0

88,6

Wood and articles of wood (IX)

13 747

2,2

-19,8

-48,9

54,0

Textiles and textile articles (XI)

29 259

4,6

+0,5

-8,9

83,7

Base metals and articles of base metals (XV)

58 584

9,3

-7,8

-10,0

64,3

Machinery and mechanical appliances; electrical equipment (XVI)

109 394

17,4

-8,5

-15,6

84,5

Transport vehicles (XVII)

80 430

12,8

-8,3

-18,5

92,6

Miscellaneous manufactured articles; including furniture (XX)

19 361

3,1

+0,4

-12,1

80,9

Other goods

52 389

8,3

+6,6

-7,4

84,7

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

In March 2008, compared to the previous month, the imports of sawn wood at current prices decreased – by 28.1%, of machinery and mechanical appliances – by 18.5%, of iron and non-alloy steel – by 13.4%, of motor spirits – by 11.5%, however, the increase in imports was on pharmaceutical products – by 23.2%, on passenger cars – 18.0%, on electrical machinery and equipment – by 7.6%, on diesel oil – by 6.9%.

Compared to March 2007 the largest imports decrease was on sawn wood – by 62.5%, on passenger cars – by 28.1%, on machinery and mechanical appliances – by 28.1%, on iron and non-alloy steel – by 24.7%, however, increase was on imports of motor spirits – by 25.3%, of natural gas – by 24.4% and of diesel oil – by 14.3%.

Main partners of Latvia’s foreign trade (at current prices)

Groups of countries, countries

March 2008

February 2008

March 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

378 385

100

364 597

100

343 236

100

EU countries

280 852

74,2

279 886

76,8

259 556

75,6

CIS

59 370

15,7

54 773

15,0

50 560

14,7

Other countries

38 163

10,1

29 938

8,2

33 120

9,6

Main exports partners:

Lithuania

62 957

16,6

61 844

17,0

49 763

14,5

Estonia

48 455

12,8

46 316

12,7

43 879

12,8

Russia

42 189

11,1

37 344

10,2

31 084

9,1

Germany

29 174

7,7

31 504

8,6

30 777

9,0

Sweden

24 312

6,4

24 613

6,8

24 278

7,1

Great Britain

17 154

4,5

15 388

4,2

26 650

7,8

Poland

15 724

4,2

16 526

4,5

18 275

5,3

Imports - total

629 696

100

645 808

100

660 361

100

 

EU countries

498 419

79,2

502 316

77,8

511 365

77,4

 

CIS

81 439

12,9

91 555

14,2

90 905

13,8

 

Other countries

49 838

7,9

51 937

8,0

58 091

8,8

Main imports partners:

Germany

94 700

15,0

96 358

14,9

102 194

15,5

Lithuania

90 957

14,4

95 468

14,8

85 585

13,0

Russia

50 934

8,1

60 393

9,4

58 520

8,9

Estonia

50 915

8,1

47 607

7,4

54 980

8,3

Poland

43 582

6,9

46 251

7,2

46 253

7,0

Sweden

36 024

5,7

34 209

5,3

31 907

4,8

Finland

32 170

5,1

38 010

5,9

32 758

5,0

Total foreign trade turnover at current prices in January – March 2008 was more by 8.1% or 218.8 mln lats than in the corresponding period of previous year, and its value reached 2926.0 mln lats.

Foreign trade of Latvia in January - March 2008, at current prices

Exports

Imports

Total

EU countries,% of total of the group

Total

EU countries, % of total of the group

thsd lats

% of total

thsd lats

% of total

Total

1074028

100

76,7

1852007

100

76,6

Agricultural and food products (I-IV)

165 741

15,4

71,8

245 206

13,2

86,8

Live animals and animal products (I)

39 326

3,7

83,9

51 617

2,8

93,6

Vegetation products (II)

43 542

4,1

89,7

63 523

3,4

78,4

Fats and oils (III)

2 324

0,2

96,9

9 874

0,5

97,9

Prepared foodstuffs (IV)

80 549

7,5

55,6

120 192

6,5

87,4

Mineral products (V) 1)

40 781

3,8

61,5

256 618

13,9

45,0

Products of the chemical and allied industries (VI)

90 320

8,4

68,4

179 491

9,7

79,1

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

27 358

2,5

70,6

87 386

4,7

85,8

Raw hides, leather, furskins and articles thereof (VIII)

5 136

0,5

88,7

6 518

0,4

83,8

Wood and articles of wood (IX)

208 571

19,4

90,4

45 953

2,5

52,8

Pulp of wood; paper and paperboard (X)

21 265

2,0

83,9

46 106

2,5

85,7

Textiles and textile articles (XI)

67 618

6,3

67,9

83 646

4,5

83,3

Footwear, headgear, umbrellas and other articles (XII)

3 545

0,3

79,9

20 204

1,1

85,9

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

21 578

2,0

78,5

37 785

2,0

87,7

Precious, semiprecious stone, precious metals, metals clad with precious metal, articles thereof (XIV)

2 428

0,2

81,3

7 531

0,4

49,9

Base metals and articles of base metals (XV)

162 982

15,2

82,9

179 529

9,7

60,3

Machinery and mechanical appliances; electrical equipment (XVI)

122 845

11,4

67,0

329 813

17,8

84,4

Transport vehicles (XVII)

80 064

7,5

81,2

240 991

13,0

93,8

Optical instruments and apparatus (inc. medical); clocks and watches; musical instruments (XVIII)

10 425

1,0

45,7

28 576

1,5

81,1

Arms and ammunition (XIX)

11

0,0

-

1 489

0,1

84,4

Miscellaneous manufactured articles; including furniture (XX)

42 335

3,9

74,4

55 032

3,0

78,4

Works of art, collectors pieces and antiques (XXI)

8

0,0

-

133

0,0

50,4

Other goods

1 013

0,1

77,0

-

-

-

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

More information on Latvia’s foreign trade by months and quarters by country groups and commodity groups can be obtained in the CSB data base section Foreign trade monthly/quarterly data.

Prepared by the Foreign Trade Statistics Section
Lilita Laganovska, tel. 7366604