Foreign trade of Latvia in November 2011

09.01.2012

In November 2011 the total foreign trade turnover at current prices reached LVL 1 200.7 million  – 4.2% or LVL 52.7 million less than a month before and 19.3% or LVL 194.3 million more than in November 2010, according to provisional data of the Central Statistical Bureau.

As compared to the month before, in November 2011 export value decreased by 2.4% and import value - by 5.6%. Export decline was mostly affected by decrease of LVL 20.1 million or 26.1% in export of machinery and mechanical appliances; electrical equipment and of  LVL 9.2 million or 16.3% in export of mineral products. In its turn, import decline was mostly affected by decrease of LVL 21.7 million or 14.9% in import of mineral products, as well as of LVL 13.9 million or 18.3% in import of base metals and articles of base metals.

In January – November 2011, foreign trade turnover value reached LVL 12 429.0 million – an increase of 30.4% or LVL 2 898.9 million as compared to the corresponding period year ago. Of which export value comprised LVL 5 515.0 million – an increase of 29.6% or LVL 1 259.0 million, whereas import value constituted LVL 6 914.0 million – 31.1% or LVL 1 639.9 million more than a year ago.

Foreign trade of Latvia, million LVL1

________________
1) Data on June and August 2011 have been revised.

 

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

 

Export

Import

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

November 2010

 

thousand LVL

% of

total

% (+, -)

over

November 2010

 

Total

542 414

100

+22.3

658 328

100

+17.0

-115 914

Agricultural and food products (I-IV)

105 934

19.5

+33.9

96 548

14.7

+6.2

+9 386

Live animals and animal products (I)

27 866

5.1

+44.7

21 597

3.3

+7.3

+6 269

 

meat and offal (02)

3 952

0.7

+72.8

6 617

1.0

+11.0

-2 665

 

fish (fresh, frozen, smoked) (03)

6 519

1.2

+17.1

9 307

1.4

+38.7

-2 788

 

dairy produce, eggs (04)

13 296

2.5

+41.6

4 741

0.7

-27.9

+8 555

Vegetation products (II)

25 727

4.7

+19.8

24 000

3.6

+13.4

+1 727

 

cereals (10)

12 848

2.4

+54.4

4 316

0.7

+20.3

+8 532

 

oilseeds (12)

6 383

1.2

+0.9

4 353

0.7

+71.4

+2 030

Prepared foodstuffs (IV)

50 880

9.4

+38.6

41 641

6.3

-6.7

+9 239

 

preparations of meat, or fish (16)

6 959

1.3

+21.0

2 068

0.3

-24.0

+4 891

 

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

1 405

0.3

-2.0

4 951

0.8

-13.1

-3 546

 

beverages, spirits and vinegar (22)

28 192

5.2

+59.8

11 478

1.7

+6.8

+16 714

 

tobacco and manufactured tobacco substitutes (24)

1 932

0.4

+48.2

3 220

0.5

+17.9

-1 288

Mineral products (V) 1)

47 343

8.7

+75.4

123 838

18.8

+58.7

-76 495

 

 

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

45 263

8.3

+87.0

120 574

18.3

+58.7

-75 311

Products of the chemical and allied industries (VI)

41 289

7.6

+28.6

57 801

8.8

+0.1

-16 512

 

pharmaceutical products (30)

19 362

3.6

+13.3

24 315

3.7

+2.7

-4 953

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

15 093

2.8

+3.3

31 572

4.8

+1.5

-16 479

 

plastics and articles thereof (39)

11 705

2.2

+8.2

21 705

3.3

-6.3

-10 000

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

88 265

16.3

+17.6

9 520

1.4

+10.6

+78 745

 

wood and articles of wood; wood charcoal (44)

88 154

16.3

+17.7

9 319

1.4

+11.1

+78 835

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

12 852

2.4

+26.5

18 200

2.8

+16.4

-5 348

 

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

7 237

1.3

+17.3

16 694

2.5

+17.8

-9 457

 

products of the printing industry; manuscripts (49)

5 051

0.9

+41.3

1 454

0.2

+4.5

+3 597

Textiles and textile articles (XI)

21 441

4.0

+17.1

24 734

3.8

+0.2

-3 293

 

knitted or crocheted fabrics (60)

1 486

0.3

+26.5

1 664

0.3

+5.9

-178

 

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

6 289

1.2

+43.2

4 955

0.8

+8.1

+1 334

 

 

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

6 602

1.2

+13.5

6 641

1.0

+33.2

-39

Base metals and articles of base metals (XV)

78 183

14.4

+25.1

61 842

9.4

-2.7

+16 341

 

iron and steel (72)

45 324

8.4

+27.5

32 559

4.9

-6.6

+12 765

 

articles of iron or  steel (73)

17 362

3.2

+32.2

16 968

2.6

+4.2

+394

Machinery and mechanical appliances; electrical equipment (XVI)

56 905

10.5

-14.7

130 105

19.8

+24.1

-73 200

 

machinery and mechanical appliances (84)

27 491

5.1

-6.5

61 684

9.4

+21.7

-34 193

 

electrical machinery and equipment (85)

29 414

5.4

-21.1

68 421

10.4

+26.3

-39 007

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

36 617

6.8

+44.6

59 523

9.0

+32.1

-22 906

 

 

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

32 832

6.1

+42.2

50 489

7.7

+27.3

-17 657

Miscellaneous manufactured articles (XX)

14 245

2.6

+12.6

14 457

2.2

-0.2

-212

 

 

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

12 147

2.2

+25.3

8 418

1.3

-1.9

+3 729

Other goods

24 247

4.5

+20.6

30 188

4.6

+6.9

-5 941

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

In November 2011, the most significant share (70.9%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 16.1%. The main export partners were Lithuania (17.5% of total export), Estonia (12.6%), Russia (12.0%), Germany (9.1%) and Poland (6.2%).

In November 2011, the most significant share in Latvia’s import had import from the countries of the European Union (75.1%), followed by import from the CIS countries – 15.1%. The main import partners were Lithuania (18.2% of total import), Germany (12.9%), Russia (9.5%), Poland (7.5%) and Estonia (7.0%).

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


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