Foreign trade of Latvia in May 2011

11.07.2011

In May 2011, the total foreign trade turnover at current prices reached 1148.0 mln lats – more by 10.0% or 103.9 mln lats than in the previous month and more by 35.4% or 300.2 mln lats than in May 2010, according to provisional data of the Central Statistical Bureau.

In January – May 2011, foreign trade turnover value reached 5156.2 mln lats – more by 36.4% or 1376.2 mln lats than in the same period last year. Of which the export value comprised LVL 2347.4 million – a growth of 38.3% or LVL 650.0 million, whereas the import value constituted LVL 2808.8 million – 34.9% or LVL 726.2 million more than a year ago.

Latvia’s foreign trade, million LVL1

1) Data on December 2010 and February 2011 have been revised.

Main commodities in Latvia’s foreign trade in May 2011, at current prices

 

Export

Import

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

2010

May

thousand LVL

% of

total

% (+, -)

over

2010

May

Total

524 450

100

+38.8

623 530

100

+32.7

-99 080

Agricultural and food products (I-IV)

67 408

12.9

+14.1

84 452

13.5

+14.8

-17 044

Live animals and animal products (I)

22 712

4.3

+33.3

17 470

2.8

+2.2

+5 242

 

meat and offal (02)

2 880

0.5

+58.0

6 091

1.0

-9.2

-3 211

 

fish (fresh, frozen, smoked) (03)

6 333

1.2

+35.5

7 250

1.2

+45.3

-917

 

dairy produce, eggs (04)

11 259

2.1

+33.2

3 293

0.5

-30.0

+7 966

Vegetation products (II)

10 409

2.0

-29.7

21 301

3.4

+16.4

-10 892

 

cereals (10)

3 605

0.7

-58.2

4 641

0.7

+ 5.4 times

-1 036

 

oilseeds (12)

 510

0.1

+72.2

3 690

0.6

+2.1 times

-3 180

Prepared foodstuffs (IV)

33 167

6.3

+26.2

38 521

6.2

+11.3

-5 354

 

preparations of meat, or fish (16)

5 009

1.0

+35.3

2 247

0.4

+16.2

+2 762

 

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

1 301

0.2

-7.8

5 186

0.8

+6.2

-3 885

 

beverages, spirits and vinegar (22)

16 401

3.1

+32.9

10 608

1.7

+13.6

+5 793

 

tobacco and manufactured tobacco substitutes (24)

1 802

0.3

+2.1 times

3 228

0.5

+69.9

-1 426

Mineral products (V) 1)

49 981

9.5

+2.3 times

103 761

16.6

+51.2

-53 780

 

 

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

48 113

9.2

+2.6 times

101 254

16.2

+52.1

-53 141

Products of the chemical and allied industries (VI)

48 799

9.3

+39.9

70 525

11.3

+25.2

-21 726

 

pharmaceutical products (30)

30 874

5.9

+46.4

34 745

5.6

+28.8

-3 871

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

16 201

3.1

+22.7

36 865

5.9

+24.5

-20 664

 

plastics and articles thereof (39)

12 662

2.4

+14.9

27 045

4.3

+12.4

-14 383

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

101 319

19.3

+33.3

11 372

1.8

+30.7

+89 947

 

wood and articles of wood; wood charcoal (44)

101 309

19.3

+33.5

11 183

1.8

+31.5

+90 126

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

9 776

1.9

+37.2

15 755

2.5

+20.8

-5 979

 

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

5 773

1.1

+37.7

14 429

2.3

+24.2

-8 656

 

products of the printing industry; manuscripts (49)

3 541

0.7

+36.3

1 200

0.2

-11.8

+2 341

Textiles and textile articles (XI)

19 494

3.7

+28.5

24 125

3.9

+18.1

-4 631

 

knitted or crocheted fabrics (60)

1 538

0.3

+34.2

2 060

0.3

+41.7

-522

 

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

4 770

0.9

+9.5

3 401

0.5

-2.5

+1 369

 

 

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

6 420

1.2

+53.1

4 389

0.7

-6.5

+2 031

Base metals and articles of base metals (XV)

81 518

15.5

+53.5

77 284

12.4

+64.8

+4 234

 

iron and steel (72)

48 150

9.2

+51.2

50 471

8.1

+2 times

-2 321

 

articles of iron or  steel (73)

17 297

3.3

+62.0

14 439

2.3

+23.5

+2 858

Machinery and mechanical appliances; electrical equipment (XVI)

64 214

12.2

+45.0

101 547

16.3

+33.6

-37 333

 

machinery and mechanical appliances (84)

30 601

5.8

+42.8

53 857

8.6

+49.6

-23 256

 

electrical machinery and equipment (85)

33 613

6.4

+47.0

47 690

7.6

+19.2

-14 077

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

34 113

6.5

+37.6

54 832

8.8

+31.4

-20 719

 

 

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

31 153

5.9

+39.6

49 047

7.9

+83.8

-17 894

Miscellaneous manufactured articles (XX)

11 809

2.3

+9.6

14 056

2.3

+10.4

-2 247

 

 

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

9 893

1.9

+10.8

8 054

1.3

-1.1

+1 839

Other goods

19 818

3.8

+14.8

28 956

4.6

+29.7

-9 138

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

In May 2011, the most significant share (74.7%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 13.3%. Main export partners were Lithuania (17.7% of total export), Estonia (14.7%), Russia (9.6%), Germany (8.3%) and Sweden (7.0%).

In May 2011, the most significant share in Latvia’s import had import from countries of the European Union (74.6%), followed by import from the CIS countries – 15.0%. Main import partners were Lithuania (17.1% of total import), Germany (13.0%), Russia (7.4%), Poland (7.0%) and Estonia (6.9%).

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