Foreign trade of Latvia in May 2012

10.07.2012

Provisional data of the Central Statistical Bureau show that the total foreign trade turnover at current prices in May 2012 comprised LVL 1253.3 million – 5.3% or LVL 63.2 million more than a month ago and 6.5% or LVL 77.0 million more than in May 2011.
As compared to the previous month, export value in May 2012 increased by 9.0%, while import value grew by 2.6%. The most significant increase was recorded in export of base metals and articles of base metals – of LVL 28.6 million or 43.8%, in export of mineral products – of LVL 10.1 million or 20.0% and in export of prepared foodstuffs – of LVL 4.0 million or 9.7%. In its turn, import growth was mostly affected by increase in import of base metals and articles of base metals – of LVL 15.3 million or 19.9%, in import of prepared foodstuffs – of LVL 10.5 million or 25.5% and import of machinery and mechanical appliances; electrical equipment - of LVL 8.5 million or 7.7%.
In January – May 2012, foreign trade turnover value reached LVL 5 922.0 million – 13.3% or LVL 695.5 million more than in the corresponding period of the previous year. Of which exports comprised LVL 2 569.5 million – an increase of 10.4% or LVL 241.2 million, whereas imports constituted LVL 3 352.5 million – 15.7% or LVL 454.3 million more than a year ago.

Foreign trade of Latvia, million LVL1

________________
1) Data on September, December 2011 and February 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

May

2011

 

thousand LVL

% of

total

% (+, -)

over

May

2011

Total

551 302

100

+5.7

701 990

100

+7.2

-150 688

Agricultural and food products (I-IV)

89 007

16.1

+29.2

109 975

15.7

+8.7

-20 968

Live animals and animal products (I)

24 863

4.5

+11.8

22 130

3.2

+1.2

+2 733

 

meat and offal (02)

3 252

0.6

-3.6

7 719

1.1

-4.9

-4 467

 

fish (fresh, frozen, smoked) (03)

6 756

1.2

+12.2

5 870

0.8

-13.2

+886

 

dairy produce, eggs (04)

12 529

2.3

+18.9

7 284

1.0

+17.7

+5 245

Vegetation products (II)

17 285

3.1

+40.0

27 940

4.0

+1.6

-10 655

 

edible fruit and nuts (08)

2 670

0.5

+20.4

7 180

1.0

+3.9

-4 510

 

cereals (10)

3 961

0.7

+19.1

1 502

0.2

-63.4

+2 459

 

oilseeds (12)

2 257

0.4

+4.0 times

4 774

0.7

+43.7

-2 517

Prepared foodstuffs (IV)

45 121

8.2

+35.9

51 731

7.4

+14.9

-6 610

 

preparations of meat, or fish (16)

6 518

1.2

+32.8

2 987

0.4

+8.2

+3 531

 

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

1 881

0.3

+17.0

7 242

1.0

+15.5

-5 361

 

beverages, spirits and vinegar (22)

22 038

4.0

+37.9

12 283

1.7

+3.8

+9 755

 

tobacco and manufactured tobacco substitutes (24)

2 038

0.4

+23.7

4 531

0.6

+58.9

-2 493

Mineral products (V) 1)

60 439

11.0

+19.0

115 922

16.5

+16.0

-55 483

 

 

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

58 016

10.5

+24.7

111 462

15.9

+14.2

-53 446

Products of the chemical and allied industries (VI)

33 948

6.2

-14.6

57 899

8.2

-18.9

-23 951

 

pharmaceutical products (30)

13 497

2.4

-38.1

18 877

2.7

-45.2

-5 380

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

18 043

3.3

+10.9

37 222

5.3

+0.3

-19 179

 

plastics and articles thereof (39)

13 757

2.5

+8.4

28 903

4.1

+5.0

-15 146

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

93 229

16.9

-3.2

13 010

1.9

+14.9

+80 219

 

wood and articles of wood; wood charcoal (44)

93 173

16.9

-3.2

12 878

1.8

+15.8

+80 295

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

12 086

2.2

+26.3

16 510

2.4

+4.2

-4 424

 

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

6 536

1.2

+14.1

14 804

2.1

+2.0

-8 268

 

products of the printing industry; manuscripts (49)

4 795

0.9

+40.1

1 547

0.2

+29.2

+3 248

Textiles and textile articles (XI)

22 286

4.0

+11.0

27 592

3.9

+5.7

-5 306

 

knitted or crocheted fabrics (60)

1 548

0.3

+8.0

2 102

0.3

+13.2

-554

 

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

5 859

1.1

+17.1

5 301

0.8

+10.9

+558

 

 

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

8 132

1.5

+28.3

7 758

1.1

+41.5

+374

Base metals and articles of base metals (XV)

93 760

17.0

+14.2

92 342

13.2

+14.5

+1 418

 

iron and steel (72)

58 674

10.6

+21.0

49 096

7.0

-1.1

+9 578

 

articles of iron or  steel (73)

23 990

4.4

+44.7

26 184

3.7

+51.6

-2 194

Machinery and mechanical appliances; electrical equipment (XVI)

60 544

11.0

-11.5

119 336

17.0

+13.7

-58 792

 

machinery and mechanical appliances (84)

28 120

5.1

-15.7

66 034

9.4

+13.8

-37 914

 

electrical machinery and equipment (85)

32 424

5.9

-7.5

53 303

7.6

+13.5

-20 879

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

28 477

5.2

-17.8

58 114

8.3

-3.6

-29 637

 

 

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

24 928

4.5

-21.6

46 668

6.6

-13.6

-21 740

Miscellaneous manufactured articles (XX)

14 762

2.7

+11.3

18 483

2.6

+24.1

-3 721

 

 

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

11 410

2.1

+6.6

11 518

1.6

+34.2

-108

Other goods

24 721

4.5

+16.1

35 585

5.1

+14.1

-10 864

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

In May 2012 the most significant share (69.9%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 14.0%. The main export partners were Lithuania (16.2% of the total export volume), Estonia (13.2%), Russia (10.0%), Germany (6.7%) and Poland (6.5%).

In May 2012 the most significant share in Latvia’s import had import from the countries of the European Union (75.2%), followed by import from the CIS countries – 16.4%. The main import partners were Lithuania (17.2% of the total import volume), Germany (11.6%), Poland (9.2%), Russia (8.5%) and Estonia (7.6%).

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 Short term statistical data.

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