Foreign trade of Latvia in November 2005

12.01.2006

The value of exports in November 2005 was 262.3 mln lats, an increase of 4.4 mln lats or 1.7% compared to the previous month and an increase of 64.2 mln lats or 32.4%, compared to November 2004.

The value of imports in November 2005 was 465.8 mln lats, a decrease of 2.9 mln lats or 0.6% compared to the previous month but compared to November 2004 it has increased by 112.4 mln lats or 31.8%.

Latvia’s foreign trade in 2004-2005

Period

Exports

Imports

thsd lats

2005 % on

thsd lats

2005 % of

2004

2005

previous period

cor-
responding period of previous year

2004

2005

previous period

cor-
responding period of previous year

January-November

1943090

2604695

X

134.0

3432289

4344834

X

126.6

I quarter

457245

628621

103.3

137.5

792064

999732

92.6

126.2

January

137099

189027

91.3

137.9

221954

294587

79.0

132.7

February

150659

202237

107.0

134.2

250722

320951

108.9

128.0

March

169487

237357

117.4

140.0

319388

384194

119.7

120.3

II quarter

525470

725145

115.4

138.0

949842

1175970

117.6

123.8

April

176553

248374

104.6

140.7

364111

387703

100.9

106.5

May

171731

246425

99.2

143.5

297171

395541

102.0

133.1

June

177186

230346

93.5

130.0

288560

392726

99.3

136.1

III quarter1)

558549

730694

100.8

130.8

983612

1234612

105.0

125.5

July

188686

242595

105.3

128.6

302973

393210

100.1

129.8

August1)

181977

236952

97.7

130.2

310082

416012

105.8

134.2

September

187886

251147

106.0

133.7

370557

425390

102.3

114.8

IV quarter

608763

 

 

 

1079739

 

 

 

October

203702

257911

102.7

126.6

353389

468702

110.2

132.6

November

198124

262324

101.7

132.4

353382

465819

99.4

131.8

December

206937

 

 

 

372968

 

 

 

_________________

1) Data for 2005 have been revised.

The most important commodities exported in January-November 2005 from Latvia were wood and articles of wood (25.2% of the total export value) followed by base metals and articles of base metals (13.2%) and mineral products (9.4%). Compared to the corresponding period of the previous year, the sharpest increases were 57.2% in the exports of machinery and mechanical appliances; electrical equipment, 51.4% in the exports of food products, non-alcoholic and alcoholic beverages and tobacco and 27.4% in the exports of base metals and articles of base metals.

The most important commodities imported in January-November 2005 to Latvia were machinery and mechanical appliances; electrical equipment (19.5% of the total import value) followed by mineral products (15.6 %) and transport vehicles (10.7%). Compared to the corresponding period of the previous year, the steepest increases in imports were 57.5% for mineral products, 31.2% for food products, non-alcoholic and alcoholic beverages and tobacco and 25.0% for machinery and mechanical appliances; electrical equipment.

Main partners of Latvia’s foreign trade

Groups of countries, countries

October 2005

November 2005

November 2005 as % of

thsd lats

ratio, %

thsd lats

ratio, %

October
2005

November
2004

Exports total

257911

100

262324

100

+1.7

+32.4

EU – 25

201141

78.0

199697

76.1

-0.7

+33.7

EU – 15

123269

47.8

118432

45.1

-3.9

+20.1

Other countries:

 

 

 

 

 

 

CIS

30063

11.7

32832

12.5

+9.2

+24.0

other

26707

10.4

29795

11.4

+11.6

+34.0

Main export partners:

Lithuania

29429

11.4

33972

13.0

+15.4

+59.5

Estonia

26823

10.4

31023

11.8

+15.7

+71.2

Germany

30196

11.7

30584

11.7

+1.3

+17.2

Russia

21292

8.3

22022

8.4

+3.4

+30.1

Great Britain

22322

8.7

21319

8.1

-4.5

-3.4

Sweden

17354

6.7

16459

6.3

-5.2

-10.1

Denmark

13766

5.3

13276

5.1

-3.6

+23.3

Poland

14398

5.6

10884

4.1

-24.4

+27.1

Imports - total

468702

100

465819

100

-0.6

+31.8

EU – 25

353641

75.5

350689

75.3

-0.8

+31.0

EU – 15

207588

44.3

200028

42.9

-3.6

+20.5

Other countries:

 

 

 

 

 

 

CIS

73048

15.6

73669

15.8

+0.8

+17.2

other

42013

9.0

41461

8.9

-1.3

+80.9

Main import partners: 

Lithuania

67322

14.4

67844

14.6

+0.8

+56.1

Germany

64565

13.8

66487

14.3

+3.0

+24.6

Russia

34905

7.4

41274

8.9

+18.2

+23.2

Estonia

35050

7.5

37860

8.1

+8.0

+55.5

Poland

29009

6.2

31035

6.7

+7.0

+44.8

Finland

26172

5.6

29083

6.2

+11.1

+35.7

Sweden

22851

4.9

23619

5.1

+3.4

+17.1

Belarus

26006

5.5

20434

4.4

-21.4

+13.8

1

For the compilation of goods arrivals and dispatches from/to the EU member states special monthly INTRASTAT reports are used. This is operational information and in each next month previous data may be adjusted.

The system of the collection of foreign trade data with countries other than EU member states has remained the same – information is compiled from data in customs declarations.

Exports and imports by commodity group in October 2005

Total

European Union - 25

thsd
lats

%
of total

thsd
lats

% of total of the group

Exports – total

262 324

100

199 697

76.1

Agricultural and food products (I-IV)

38 440

14.7

26 952

70.1

prepared foodstuffs;
alcoholic and non-alcoholic beverages (IV)

21 053

8.0

10 720

50.9

Mineral products1) (V)

21 052

8.0

16 975

80.6

Products of the chemical and allied industries (VI)

17 344

6.6

10 887

62.8

Plastics and articles thereof (VII)

7 294

2.8

5 470

75.0

Raw hides, leather, fur skins and articles thereof (VIII)

1 114

0.4

933

83.8

Wood and articles of wood (IX)

52 863

20.2

46 737

88.4

Pulp of wood; paper, paperboard (X)

6 318

2.4

3 715

58.8

Textiles and textile articles (XI)

21 556

8.2

16 551

76.8

Footwear, headgear, umbrellas and other articles (XII)

645

0.2

566

87.8

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

5 520

2.1

4 335

78.5

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

280

0.1

104

37.1

Base metals and articles of base metals (XV)

36 068

13.7

28 948

80.3

Machinery and mechanical appliances: electrical equipment (XVI)

26 024

9.9

16 141

62.0

Transport vehicles (XVII)

13 023

5.0

9 769

75.0

Optical instruments and apparatus, clocks and watches, musical instruments (XVIII)

2 427

0.9

1 570

64.7

Miscellaneous manufactured articles including furniture (XX)

12 337

4.7

10 025

81.3

Works of art, collectors pieces and antiques (XXI)

19

0.0

18

94.7

Other goods

-

-

-

-

Imports - total

465 819

100

350 689

75.3

Agricultural and food products (I-IV)

57 363

12.3

50 406

87.9

prepared foodstuffs; alcoholic and non-alcoholic beverages; tobacco (IV)

32 492

7.0

27 956

86.0

Mineral products1)(V)

76 466

16.4

32 440

42.4

Products of the chemical and allied industries (VI)

35 295

7.6

27 942

79.2

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

21 499

4.6

18 962

88.2

Raw hides, leather, fur skins and articles thereof (VIII)

1 949

0.4

1 389

71.3

Wood and articles of wood (IX)

11 638

2.5

5 283

45.4

Pulp of wood; paper, cardboard (X)

12 776

2.7

11 017

86.2

Textiles and textile articles (XI)

22 784

4.9

19 264

84.6

Footwear, headgear, umbrellas and other articles (XII)

3 052

0.7

2 424

79.4

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

11 578

2.5

9 659

83.4

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

2 036

0.4

882

43.3

Base metals and articles of base metals (XV)

41 651

8.9

25 035

60.1

Machinery and mechanical appliances; electrical equipment (XVI)

92 274

19.8

78 223

84.8

Transport vehicles (XVII)

52 469

11.3

48 538

92.5

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

7 623

1.6

6 392

83.9

Miscellaneous manufactured articles (XX)

15 089

3.2

12 617

83.6

Works of art, collectors pieces and antiques (XXI)

107

0.0

100

93.5

Other goods

169

0.0

117

69.2

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

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