Foreign trade of Latvia in May 2007

10.07.2007

Compared to the April 2007, the value of exports in May 2007 increased by 7.8% or 25.4 mln lats, but in comparison with May 2006 it increased by 27.2 % or 74.9 mln lats, reaching 350.1mln lats, according to Central Statistical Bureau data.

The value of imports in May 2007 was, in turn, 6.3% or 39.5 mln lats higher than in April 2006, but 21.1% or 115.5 mln last higher compared to May 2006, reaching 662.8 mln lats.

The total foreign trade turnover in May 2007 was 23.1% or 190.3 mln lats higher than in the corresponding period of the previous year and its value was as high as 1012.9 mln lats.

Latvia’s foreign trade, in millions of lats

In May 2007, in comparison with May 2006, in the exports of Latvia the value of main activities – wood and articles of wood, increased by 23.8%. Exports for products of the chemical and allied industries increased noticeably - by 38.7%, exports of base metals and articles of base metals increased by 34.1%. But the exports of articles of stone, plaster, cement, glassware and ceramic products decreased by 28.0%.

In May 2007, in comparison with April 2007 the value of exports of base metals and articles of base metals increased by 25.2%, of mineral products - by 13.4%, of wood and articles of wood – by 6.7%. But the exports of agriculture and food products decreased by 7.7%, of which the value of exports ofprepared foodstuffs (including alcoholic beverages and tobacco products)decreased by 18.9%.

In May 2007, in comparison with May 2006 the import value increased in all main commodity groups. The imports of base metals and articles of base metals increased by 37.1%, of machinery and mechanical appliances; electrical equipment - by 35.4%, of plastics and articles thereof; rubber and articles thereof - by 19.0%.

In May 2007, in comparison with April 2007, inthe value of main activities exports of mineral products increased by 10.6%, of pulp of wood; paper and paperboard – by 8.5% and of plastics and articles thereof; rubber and articles thereof - by 3.8%, but the imports of chemical and allied industries decreased by 6.0%.

Latvia’s foreign trade in May 2007

Exports

Imports

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

350067

100

75.6

662832

100

78.3

Agricultural and food products (I-IV)

46 095

13.2

63.1

68132

10.3

88.3

Live animals and animal products (I)

11 981

3.4

83.8

13 017

2.0

93.7

Vegetable products (II)

6 236

1.8

59.6

14 807

2.2

89.2

Fats and oils (III)

598

0.2

95.5

2 661

0.4

84.6

Prepared foodstuffs;
(including alcoholic and non-alcoholic beverages) (IV)

27 280

7.8

54.1

37 647

5.7

86.3

Mineral products (V) 1)

15 931

4.6

54.8

75 996

11.5

55.0

Products of the chemical and allied industries (VI)

24 222

6.9

66.6

53 260

8.0

74.5

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

9 583

2.7

74.8

31 665

4.8

87.9

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

555

0.2

69.7

1 980

0.3

76.1

Wood and articles of wood (IX)

81 130

23.2

89.6

26 516

4.0

37.6

Pulp of wood; paper and paperboard
(X)

5 426

1.5

81.9

15 921

2.4

85.8

Textiles and textile articles (XI)

23 609

6.7

71.5

28 595

4.3

81.5

Footwear, headgear, umbrellas and other articles (XII)

646

0.2

86.4

4 090

0.6

79.1

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

4 467

1.3

66.9

19 665

3.0

84.2

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

1 661

0.5

89.9

3 226

0.5

51.3

Base metals and articles of base metals (XV)

64 024

18.3

83.8

66 559

10.0

63.6

Machinery and mechanical appliances; electrical equipment (XVI)

37 247

10.6

64.0

144 134

21.7

89.3

Transport vehicles (XVII)

21 211

6.1

77.4

93 144

14.1

90.7

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

2 234

0.6

45.4

9 617

1.5

78.9

Arms and ammunition (XIX)

-

-

-

419

0.1

59.8

Miscellaneous manufactured articles; including furniture (XX)

11 989

3.4

75.3

19 879

3.0

82.7

Works of art, collectors pieces and antiques (XXI)

36

0.0

99.7

35

0.0

1.6

Other goods

-

-

-

-

-

-

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

Main partners of Latvia’s foreign trade

Groups of countries,
Countries

April 2007

May 2007

May 2007value in
% (+,-)against

thsd lats

ratio, %

thsd lats

ratio, %

April 2007

May 2006

Exports - total

324656

100

350067

100

+7.8

+27.2

EU – 27 countries

256201

78.9

264532

75.6

+3.3

+24.8

EU – 25 countries

255619

78.7

263918

75.4

+3.2

+24.6

EU – 15 countries

128596

39.6

140458

40.1

+9.2

+14.2

Other countries:

CIS

41785

12.9

49660

14.2

+18.8

+56.3

other

26670

8.2

35875

10.2

+34.5

+13.8

Main export partners:

Lithuania

51116

15.7

49251

14.1

-3.6

+16.3

Estonia

49576

15.3

46707

13.3

-5.8

+33.5

Russia

27380

8.4

31750

9.1

+16.0

+54.1

Germany

28547

8.8

29277

8.4

+2.6

+6.4

Sweden

24240

7.5

25334

7.2

+4.5

+42.2

Imports - total

623297

100

662832

100

+6.3

+21.1

EU – 27 countries

477425

76.6

519228

78.3

+8.8

+22.9

EU – countries

476348

76.4

517917

78.1

+8.7

+22.8

EU –15 countries

265593

42.6

296121

44.7

+11.5

+21.9

Other countries:

CIS

91102

14.6

83309

12.6

-8.6

+15.1

other

54770

8.8

60295

9.1

+10.1

+15.1

Main import partners:

Germany

86416

13.9

98329

14.8

+13.8

+19.2

Lithuania

88414

14.2

91695

13.8

+3.7

+24.5

Estonia

54024

8.7

52179

7.9

-3.4

+37.8

Russia

57037

9.2

48968

7.4

-14.1

+30.9

Poland

44589

7.2

47143

7.1

+5.7

-3.4

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