Foreign trade of Latvia in March 2012

11.05.2012

Provisional data of the Central Statistical Bureau show that the total foreign trade turnover at current prices in March 2012 comprised LVL 1242.6 million – 9.7% or LVL 109.9 million more than a month before and 9.0% or LVL 102.5 million more than in March 2011.

As compared to the previous month, export value in March 2012 increased by 11.6%, while import value grew by 8.2%. The most significant rise was recorded in export of wood and articles of wood – of LVL 21.0 million or 26.8% and in export of vehicles, aircraft, vessels and associated transport equipment – of LVL 17.2 million or 91.7%. In its turn, in imports the most notable rise was recorded in import of vehicles, aircraft, vessels and associated transport equipment – of LVL 14 million or 35.6%, in import of vegetation products – of LVL 12.6 million or 60.3% and in import of machinery and mechanical appliances; electrical equipment – of LVL 7.0 million or 6.8%.

In January – March 2012 foreign trade turnover value reached LVL 3453.5 million – 15.6% or LVL 466.7 million more than in the corresponding period of the previous year. Of which exports comprised LVL 1501.4 million – an increase of 13.0% or LVL 172.9 million, whereas imports constituted LVL 1952.1 million – 17.7% or LVL 293.9 million more than a year ago.

Foreign trade of Latvia, million LVL1

______________
1Data on July, October and December 2011 have been revised.

 

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of total

% (+, -)

over March 2011

thousand LVL

% of total

% (+, -)

over March 2011

Total

546 055

100

+10.3

696 481

100

+8.0

-150 426

Agricultural and food products (I-IV)

90 656

16.6

+13.3

109 089

15.7

+5.6

-18 433

Live animals and animal products (I)

27 375

5.0

+40.6

20 983

3.0

+1.8

+6 392

 

meat and offal (02)

3 215

0.6

+10.1

7 728

1.1

+5.3

-4 513

 

fish (fresh, frozen, smoked) (03)

8 231

1.5

+91.9

5 544

0.8

-8.7

+2 687

 

dairy produce, eggs (04)

12 462

2.3

+30.4

6 216

0.9

-0.9

+6 246

Vegetation products (II)

20 154

3.7

-17.8

33 522

4.8

+0.1

-13 368

 

edible fruit and nuts (08)

3 040

0.6

+16.4

7 828

1.1

-1.5

-4 788

 

cereals (10)

5 083

0.9

-62.1

3 120

0.4

-35.3

+1 963

 

oilseeds (12)

3 727

0.7

+98.2

5 632

0.8

+39.3

-1 905

Prepared foodstuffs (IV)

41 310

7.6

+22.5

45 714

6.6

+4.0

-4 404

 

preparations of meat, or fish (16)

7 545

1.4

+46.3

2 813

0.4

-0.6

+4 732

 

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

1 569

0.3

+1.4

6 272

0.9

+16.2

-4 703

 

beverages, spirits and vinegar (22)

20 161

3.7

+28.7

11 140

1.6

+1.0

+9 021

 

tobacco and manufactured tobacco substitutes (24)

1 540

0.3

+12.3

3 732

0.5

+23.3

-2 192

Mineral products (V)1

48 335

8.9

+43.5

128 428

18.4

+30.7

-80 093

 

 

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

45 818

8.4

+49.1

125 654

18.0

+30.4

-79 836

Products of the chemical and allied industries (VI)

31 837

5.8

-21.3

69 286

9.9

-1.3

-37 449

 

pharmaceutical products (30)

15 173

2.8

-30.7

23 552

3.4

-17.4

-8 379

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

17 765

3.3

+14.9

37 136

5.3

+8.4

-19 371

 

plastics and articles thereof (39)

13 211

2.4

+15.0

26 955

3.9

+8.1

-13 744

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

99 696

18.3

+12.9

11 857

1.7

+9.1

+87 839

 

wood and articles of wood; wood charcoal (44)

99 638

18.2

+12.9

11 745

1.7

+9.6

+87 893

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

12 722

2.3

+23.8

15 112

2.2

+3.3

-2 390

 

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

6 637

1.2

+14.9

13 513

1.9

+1.5

-6 876

 

products of the printing industry; manuscripts (49)

5 263

1.0

+24.8

1 492

0.2

+19.9

+3 771

Textiles and textile articles (XI)

24 605

4.5

+14.7

30 460

4.4

-2.1

-5 855

 

knitted or crocheted fabrics (60)

1 706

0.3

+27.1

1 620

0.2

+1.6

+86

 

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

7 490

1.4

+29.2

7 593

1.1

-4.9

-103

 

 

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

8 498

1.6

+17.5

9 704

1.4

+22.4

-1 206

Base metals and articles of base metals (XV)

85 480

15.7

+15.8

81 527

11.7

+10.6

+3 953

 

iron and steel (72)

54 949

10.1

+18.0

43 509

6.2

-2.9

+11 440

 

articles of iron or  steel (73)

20 319

3.7

+40.8

21 541

3.1

+34.5

-1 222

Machinery and mechanical appliances; electrical equipment (XVI)

60 846

11.1

-1.0

109 110

15.7

+6.9

-48 264

 

machinery and mechanical appliances (84)

26 881

4.9

+3.6

63 789

9.2

+22.9

-36 908

 

electrical machinery and equipment (85)

33 965

6.2

-4.3

45 320

6.5

-9.5

-11 355

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

35 952

6.6

+6.9

53 191

7.6

-9.8

-17 239

 

 

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

29 042

5.3

-5.4

47 059

6.8

-6.0

-18 017

Miscellaneous manufactured articles (XX)

14 177

2.6

+10.3

16 439

2.4

+15.8

-2 262

 

 

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

10 615

1.9

+5.3

8 708

1.3

+8.5

+1 907

Other goods

23 984

4.4

+0.7

34 846

5.0

+4.6

-10 862

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

In March 2012 the most significant share in Latvia’s export had export to the countries of the European Union (69.8%), followed by export to the CIS countries – 15.4%. The main export partners were Lithuania (14.2% of total export), Estonia (14.0%), Russia (11.2%), Germany (8.1%) and Poland (7.1%).

The most significant share in Latvia’s import in March 2012 had import from the countries of the European Union (76.0%), followed by import from the CIS countries – 16.8%. The main import partners were Lithuania (19.0% of total import), Germany (11.6%), Russia (11.5%), Poland (8.4%) and Estonia (7.1%).

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 monthly/quarterly data.

 

Prepared by Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
Tel. 67366604