Foreign trade of Latvia in October 2007

10.12.2007

Compared to September 2007, the value of exports in current prices in October 2007 increased by 11.1% or 37.5 mln lats, but in comparison with October 2006 it increased by 23.4 % or 71.0 mln lats, reaching 374.2 mln lats, according to Central Statistical Bureau data.

The value of imports in current prices in October 2007 was, in turn, 7.9% or 49.9 mln lats higher than in September 2007, but 12.1% or 73.4 mln lats higher compared to October 2006, reaching 683.2 mln lats.

The total foreign trade turnover in October 2007 was 15.8% or 144.5 mln lats higher than in the corresponding period of the previous year and its value was as high as 1057.4 mln lats.

Latvia’s foreign trade, in mln lats1

________________
1) You can find more data on foreign trade for time period 2004 and onwards on the CSB home page section – Data area. Main indicatotrs.
Data on February and July 2007 have been revised.

In October 2007, in comparison with October 2006, the value of the most important commodity in the exports of Latvia – wood and articles of wood, increased by 18.4%. Exports of transport vehicles increased by 63.3%, agriculture and food products - by 40.4%, exports of pulp of wood; paper and paperboard – by 36.6%, plastics and articles thereof – by 26.1%, exports for products of the chemical and allied industries – 23.0%, exports of base metals and articles of base metals- by 19.2%. But the exports of textiles and textile articles have decreased by 11.9%.

In October 2007, in comparison with September 2007 the value of exports of mineral products increased by 35.9%, of transport vehicles – by 34.2%, of plastics and articles thereof – by 22.5%, of base metals and articles of base metals – by 20.1%, of agriculture and food products - by 20.0%, of pulp of wood; paper and paperboard - by 7.0%, of wood and articles of wood – by 5.5%. The exports of footwear, headgear, umbrellas and other articles decreased by 18.7%, machinery and mechanical appliances; electrical equipment – by 18.2%, raw hides, leather, furskins and articles thereof – by 10.9%.

Latvia’s foreign trade in October 2007

Exports

Imports

Total

EU – 27,
% of
total of the group

Total

EU – 27,
% of
total of the group

thsd
lats

% of
total of the group

thsd
lats

% of
total of the group

Total

374206

100

74.7

683249

100

76.5

Agriculture and food products (I-IV)

65711

17.6

73.3

77817

11.4

87.0

Live animals and animal products(I)

16504

4.4

84.0

14844

2.2

91.5

Vegetable products (II)

19246

5.1

82.1

14777

2.2

80.8

Fats and oils (III)

569

0.2

94.9

2914

0.4

94.0

Prepared foodstuffs (incl. alcoholic and non-alcoholic
beverages and tobacco) (IV)

29393

7.9

61.0

45282

6.6

87.1

Mineral products (V) 1)

16570

4.4

63.2

71177

10.4

26.1

Products of the chemical and
allied industries

26586

7.1

65.3

47365

6.9

78.4

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

12465

3.3

78.0

39999

5.9

87.3

Raw hides, leather, fur, skins and articles there of (VIII)

1002

0.3

79.2

2987

0.4

76.7

Wood and articles of wood (IX)

76318

20.4

90.7

19680

2.9

48.2

Pulp of wood; paper and paperboard (X)

7327

2.0

81.4

17279

2.5

87.0

Textiles and textile articles (XI)

22481

6.0

66.8

32870

4.8

84.0

Footwear, headgear, umbrellas and other articles (XII)

800

0.2

93.0

6332

0.9

83.7

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

7842

2.1

79.3

20015

2.9

86.4

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

1445

0.4

88.2

3707

0.5

41.9

Base metals and articles of base metals (XV)

51366

13.7

81.7

69192

10.1

60.8

Machinery and mechanical appliances; electrical equipment;
(XVI)

34522

9.2

51.0

123502

18.1

86.2

Transport vehicles (XVII)

30566

8.2

72.3

112673

16.5

93.6

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

4208

1.1

45.3

9855

1.4

76.5

Arms and ammunition (XIX)

-

-

-

411

0.1

85.3

Miscellaneous manufactured articles; including furniture (XX)

14869

4.0

74.1

28356

4.2

84.1

Works of art, collectors pieces and antiques (XXI)

6

0.0

98.8

30

0.0

93.2

Other goods

120

0.0

28.8

-

-

-

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

In October 2007, in comparison with October 2006 the value of imports of wood and articles of wood increased by 41.1%, of transport vehicles – by 39.1%, of plastics and articles thereof – by 23.7%, of agriculture and food products – by 18.4%, of base metals and articles of base metals –by 8.5%, of textiles and textile articles – by 5.9%. But the exports of optical instruments and apparatus (inc. medical); clocks and watches; musical instruments decreased by 18.9%. Imports of machinery and mechanical appliances; electrical equipment decreased by 0.9%.

In October 2007, in comparison with September 2007 the value of imports of miscellaneous manufactured articles; including furniture increased by 28.3%, of transport vehicles - by 26.9%, of agriculture and food products – by 21.1%, of plastics and articles thereof; rubber and articles thereof – by 21.0%, textiles and textile articles – by 12.7%, of base metals and articles of base metals – by 10.0%. Imports of mineral products decreased by 21.6%, of footwear, headgear, umbrellas and other articles – by 12.9%, of wood and articles of wood – by 2.4%.

Main partners of Latvia’s foreign trade

Groups of countries,
Countries

September 2007

October 2007

October 2007 value in % (+,-) against

thsd lats

ratio, %

thsd lats

ratio, %

September 2007

October 2006

Exports - total

336702

100

374206

100

+11.1

+23.4

EU – 27 countries

257225

76.4

279607

74.7

+8.7

+23.0

     EU – 25 countries

255822

76.0

277418

74.1

+8.4

+22.5

          EU – 15 countries

137627

40.9

155562

41.6

+13.0

+28.2

     Other countries:

       CIS

50410

15.0

54611

14.6

+8.3

+21.1

       other

29067

8.6

39988

10.7

+37.6

+29.7

Main export partners:

Lithuania

52131

15.5

58307

15.6

+11.8

+17.9

Estonia

50275

14.9

45888

12.3

-8.7

+13.6

Germany

31943

9.5

35280

9.4

+10.4

+18.0

Russia

35423

10.5

33483

8.9

-5.5

+8.2

Sweden

22451

6.7

32695

8.7

+45.6

+72.3

Imports - total

633260

100

683249

100

+7.9

+12.1

EU – 27 countries

494991

78.2

522645

76.5

+5.6

+9.4

     EU – 25 countries

493980

78.0

521104

76.3

+5.5

+9.2

          EU – 15 countries

278962

44.1

312817

45.8

+12.1

+9.3

     Other countries:

       CIS

84266

13.3

96125

14.1

+14.1

+19.9

       other

54003

8.5

64479

9.4

+19.4

+24.8

Main import partners:

Germany

93655

14.8

104828

15.3

+11.9

+6.3

Lithuania

96719

15.3

76114

11.1

-21.3

+8.0

Russia

49678

7.8

61587

9.0

+24.0

+32.5

Estonia

52638

8.3

54967

8.0

+4.4

+12.7

Poland

44681

7.1

49421

7.2

+10.6

+4.6

Prepared by the Foreign Trade Statistics Section
tel. 67366604
Lilita Laganovska