Foreign trade of Latvia in November 2012

09.01.2013

Provisional data of the Central Statistical Bureau show that in November 2012, the total foreign trade turnover at current prices comprised LVL 1 456.3 million – 4.1 % or LVL 63.0 million less than a month before and 16.3% or LVL 204.5 million more than in November 2011.

As compared to the previous month, export value in November 2012 increased by 1.4%, while import value decreased by 8.7%. The most significant growth was recorded in export of vegetation products - of LVL 27.8 million or 39.8% (of which in export of cereals - of LVL 31.6 million or 74.0%) and in export of machinery and mechanical appliances; electrical equipment – of LVL 14.0 million or 14.6%.In its turn, the most notable drop in imports was observed in import of mineral products – of LVL 22.2 million or 15.2%, in import of vehicles, aircraft, vessels and associated transport equipment - of LVL 18.2 million or 22.9% and in import of textiles and textile articles - of LVL 12.2 million or 30.2%.

In January – November 2012 foreign trade turnover value reached LVL 14 323.4 million – an increase of 14.1% or LVL 1 772.4 million as compared to the corresponding period year ago.Of which exports comprised LVL 6 337.8 million – an increase of 15.4% or LVL 843.9 million, whereas imports constituted LVL 7 985.6 million – 13.2% or LVL 928.5 million more than a year ago.

Foreign trade of Latvia, million LVL1

_______________

1)  Data on January, February and August 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

November2011

thousand LVL

% of

total

% (+, -)

over

November2011

 

Total

696 453

100

+27.9

759 841

100

+7.4

-63 388

Agricultural and food products (I-IV)

192 984

27.7

+84.9

129 634

17.1

+14.6

+63 350

Live animals and animal products (I)

28 386

4.1

+14.4

25 152

3.3

-3.8

+3 234

 

meat and offal (02)

3 604

0.5

+3.6

7 276

1.0

-19.0

-3 672

 

fish (fresh, frozen, smoked) (03)

8 191

1.2

+43.9

9 976

1.3

+14.2

-1 785

 

dairy produce, eggs (04)

13 645

2.0

+16.0

6 713

0.9

-7.3

+6 932

Vegetation products (II)

97 538

14.0

+3.4 times

38 619

5.1

+29.8

+58 919

 

edible fruit and nuts (08)

4 082

0.6

+37.3

9 710

1.3

+20.2

-5 628

 

cereals (10)

74 180

10.7

+5.4 times

14 134

1.9

+3.4 times

+60 046

 

oilseeds (12)

12 840

1.8

+81.1

3 803

0.5

-21.2

+9 037

Prepared foodstuffs (IV)

65 025

9.3

+31.4

59 513

7.8

+24.5

+5 512

 

preparations of meat, or fish (16)

9 032

1.3

+33.0

2 787

0.4

-13.9

+6 245

 

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

2 768

0.4

+90.6

7 651

1.0

+34.8

-4 883

 

beverages, spirits and vinegar (22)

37 244

5.3

+33.0

16 645

2.2

+36.6

+20 599

 

tobacco and manufactured tobacco substitutes (24)

1 624

0.2

+4.2

3 735

0.5

+40.5

-2 111

Mineral products (V) 1)

50 862

7.3

+9.4

123 750

16.3

+2.7

-72 888

 

 

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

46 826

6.7

+8.8

119 908

15.8

+2.2

-73 082

Products of the chemical and allied industries (VI)

42 669

6.1

+8.9

69 728

9.2

+7.9

-27 059

 

pharmaceutical products (30)

21 938

3.1

+17.9

23 950

3.2

-9.5

-2 012

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

18 598

2.7

+22.0

38 431

5.1

+5.8

-19 833

 

plastics and articles thereof (39)

14 181

2.0

+24.3

27 653

3.6

+15.1

-13 472

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

95 988

13.8

+16.1

14 765

1.9

+48.3

+81 223

 

wood and articles of wood; wood charcoal (44)

95 928

13.8

+16.1

14 559

1.9

+49.4

+81 369

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

13 454

1.9

+14.2

19 524

2.6

+8.4

-6 070

 

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

7 270

1.0

+9.7

17 171

2.3

+4.3

-9 901

 

products of the printing industry; manuscripts (49)

5 717

0.8

+22.1

2 184

0.3

+48.6

+3 533

Textiles and textile articles (XI)

25 579

3.7

+25.3

28 192

3.7

+9.8

-2 613

 

knitted or crocheted fabrics (60)

1 625

0.2

+22.3

1 688

0.2

+7.9

-63

 

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

6 399

0.9

+0.9

5 180

0.7

-5.1

+1 219

 

 

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

9 280

1.3

+52.8

8 257

1.1

+17.3

+1 023

Base metals and articles of base metals (XV)

71 264

10.2

-0.6

70 033

9.2

+10.0

+1 231

 

iron and steel (72)

39 521

5.7

+0.2

38 125

5.0

+20.5

+1 396

 

articles of iron or  steel (73)

18 377

2.6

+9.9

15 225

2.0

-11.2

+3 152

Machinery and mechanical appliances; electrical equipment (XVI)

109 645

15.7

+40.4

148 929

19.6

+6.8

-39 284

 

machinery and mechanical appliances (84)

40 689

5.8

+24.1

69 775

9.2

-2.6

-29 086

 

electrical machinery and equipment (85)

68 957

9.9

+52.1

79 154

10.4

+16.7

-10 197

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

28 105

4.0

-21.4

61 311

8.1

-5.0

-33 206

 

 

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

26 443

3.8

-17.9

49 384

6.5

-12.2

-22 941

Miscellaneous manufactured articles (XX)

19 009

2.7

+29.7

19 204

2.5

+15.3

-195

 

 

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

15 498

2.2

+34.4

10 483

1.4

+11.4

+5 015

Other goods

28 296

4.1

+16.8

36 340

4.8

+5.1

-8 044

______________                                        

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

In November 2012 the most significant share (67.0%) 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 (16.6% of total export), Estonia (12.0%), Russia (11.6%), Germany (8.9%) and Sweden (4.9%).

In November 2012 the most significant share in Latvia’s import had import from the countries of the European Union (75.5%), followed by import from the CIS countries – 16.3%.The main import partners were Lithuania (18.5% of total import), Germany (11.5%), Russia (9.2%), Poland (8.1%) and Estonia (7.5%).

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