Foreign trade of Latvia in October 2008

10.12.2008

Total foreign trade turnover at current prices in October 2008 reached 1036.3 mln lats – less by 74.2 mln lats or 6.7% than a month before and less by 55.2 mln lats or 5.1% than in October last year, according to Central Statistical Bureau data.

Latvia’s foreign trade, in mln lats1

1) Data on March, April and July 2008 have been revised.

Main commodities in Latvia’s exports in October 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

September 2008

October 2007

Exports - total

390 751

100

-6.9

+2.8

68.7

Agricultural and food products (I-IV)

86 042

22.0

+20.2

+35.4

45.2

of which - prepared foodstuffs (IV)

36 723

9.4

+7.3

+27.9

47.4

Products of the chemical and allied industries (VI)

35 952

9.2

-19.9

+31.0

63.7

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

12 268

3.1

+0.9

-1.2

72.4

Wood and wood products (IX)

56 018

14.3

+0.2

-28.7

86.6

Textiles and textile articles (XI)

24 962

6.4

+10.2

+5.6

72.7

Base metals and articles of base metals (XV)

47 668

12.2

-39.2

-5.5

81.1

Machinery and mechanical appliances; electrical equipment (XVI)

50 375

12.9

-1.1

+23.2

70.7

Transport vehicles (XVII)

23 787

6.1

-7.0

-18.0

77.2

Miscellaneous manufactured articles; including furniture (XX)

13 300

3.4

+2.3

-10.1

73.6

Other goods

40 379

10.3

-9.3

+2.4

71.4

Compared to previous month in October 2008 most rapid increase at current prices was in exports of wheat and meslin – by 76.8%, of chocolate and other food preparations containing cocoa – by 47.9%, of milk, cream and dairy products, excluding butter, cheese and curd – by 34.2%, of articles of apparel, not knitted or crocheted - by 20.3%, of veneer sheets and plywood - by 8.7%, but there was a decrease in exports of alloy and non-alloy steel – by 50.9%, of dyeing extracts, colouring matter, paints and varnishes, mastics – by 20.0%, of organic chemical compounds – by 16.9%, of non-ferrous metals and articles thereof – by 15.6%, perfumery and cosmetics – by 5.1%, of machinery and mechanical appliances – by 1.4%.

Compared to October 2007, in October 2008 the most notable increase witnessed exports of wheat and meslin (exported mostly to Morocco, Oman and Netherlands) – 2.8 times, of vodka – by 69.6%, of washing preparations and cleaning products – by 41.5%, of electrical machinery and equipment – by 24.7%, of organic chemical compounds – by 19.8%, of dyeing extracts, colouring matter, paints and varnishes, mastics – by 17.5%, of articles of apparel, not knitted or crocheted - by 13.0%, of prepared or preserved fish, crustaceans, molluscs – by 10.6%, of pharmaceutical products - by 4.9%, but the exports of wood in the rough decreased by 45.7%, of sawn wood – by 37.1%, of non-ferrous metals and articles thereof – by 22.6%, of furniture, including mattress and articles of bedding and similar furnishing - by 20.5%.

Main commodities in Latvia’s imports in October 2008, at current prices

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

September 2008

October 2007

Imports - total

645 558

100

-6.6

-9.3

73.8

Agricultural and food products (I-IV)

96 607

15.0

+6.0

+21.1

86.3

of which - prepared foodstuffs (IV)

46 909

7.3

+0.5

+3.4

86.8

Mineral products (V) 1)

113 888

17.6

-10.8

+55.7

42.4

Products of the chemical and allied industries (VI)

56 956

8.8

-18.6

+6.2

77.9

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

32 027

5.0

-12.1

-16.9

87.9

Wood and wood products (IX)

9 275

1.4

-11.4

-54.2

69.6

Textiles and textile articles (XI)

28 444

4.4

-9.5

-20.9

86.9

Base metals and articles of base metals (XV)

64 238

10.0

-5.4

-8.5

55.9

Machinery and mechanical appliances; electrical equipment (XVI)

111 418

17.3

-1.7

-19.9

82.9

Transport vehicles (XVII)

60 486

9.4

-10.7

-44.4

89.3

Miscellaneous manufactured articles; including furniture (XX)

20 417

3.2

+8.2

-31.9

77.9

Other goods

51 802

8.0

-7.3

-16.4

83.1

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

Compared to previous month, in October 2008 the imports of mobile telephones at current prices reduced by 47.8%, of new pneumatic tyres of rubber of a kind used on motor cars, buses or lorries - by 47.7%, of electricity - by 37.1%, particle board and Oriented strandboard (OSB)– by 36.8%, of pharmaceutical products – by 35.7%, of diesel oil – by 31.7%, of joinery installation works – by 30.7%, of dyeing extracts, colouring matter, paints and varnishes, mastics – by 22.8%, of trucks – by 15.1%, of articles of iron or steel – by 15.0%, of non-ferrous metals and articles thereof – by 10.9%, of semi-manufactures, articles of plastics and scrap – by 5.6%, but the increase in imports was on margarine – 76.4%, on fish, fresh, chilled or frozen – by 16.9%, on chocolate and other food preparations containing cocoa – by 11.2%, on furniture, including mattress and articles of bedding and similar furnishing – by 9.8%.

Compared to October 2007, in October 2008 the most notable decrease had imports of sawn wood – by 56.3%, of trucks – by 60.3%, of passenger cars – by 52.9%, of furniture, including mattress and articles of bedding and similar furnishing – by 41.8%, of mobile telephones – by 31.1%, of semi-manufactures, articles of plastics and scrap – by 29.9%, of machinery and mechanical appliances – by 24.7%, of articles of apparel, not knitted or crocheted – by 21.7%, but imports of motor spirit (imports from Sweden, Lithuania and Norway) increased 2.7 times, of milk, cream and dairy products – by 48.9%, of diesel oil – by 45.9%, of swine, fresh, chilled or frozen – by 34.6%, of fish, fresh, chilled or frozen – by 14.2%, of organic chemical compounds – by 13.2%, of washing preparations and cleaning products – by 10.0%.

During the recent months both in Latvian exports market, and in imports market was observed a decrease in rate of the EU member states, accordingly, the importance of CIS and other countries increased.

Main partners of Latvia’s foreign trade (at current prices)

Groups of countries, countries

October 2008

September 2008

October 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

390 751

100

419 607

100

380 088

100

EU countries

268 538

68.7

288 525

68.8

285 490

75.1

CIS

65 505

16.8

67 112

16.0

54 611

14.4

Other countries

56 708

14.5

63 970

15.2

39 987

10.5

Main exports partners:

Lithuania

64 419

16.5

63 669

15.2

63 534

16.7

Estonia

54 304

13.9

56 323

13.4

50 819

13.4

Russia

42 580

10.9

43 153

10.3

33 483

8.8

Germany

30 704

7.9

29 412

7.0

34 539

9.1

Sweden

21 706

5.6

27 145

6.5

33 069

8.7

Denmark

17 158

4.4

22 484

5.4

16 711

4.4

Netherlands

13 702

3.5

6 322

1.5

6 965

1.8

Imports - total

645 558

100

690 934

100

711 438

100

 

EU countries

476 637

73.8

524 901

76.0

550 829

77.4

 

CIS

116 888

18.1

113 863

16.5

96 125

13.5

 

Other countries

52 033

8.1

52 170

7.6

64 484

9.1

Main imports partners:

Lithuania

110 019

17.0

124 576

18.0

84 382

11.9

Russia

84 632

13.1

72 735

10.5

61 587

8.7

Germany

75 977

11.8

87 624

12.7

106 481

15.0

Poland

48 054

7.4

48 299

7.0

53 267

7.5

Estonia

46 303

7.2

47 765

6.9

55 849

7.9

Sweden

30 193

4.7

29 304

4.2

40 986

5.8

Finland

28 292

4.4

32 014

4.6

36 586

5.1

Total foreign trade turnover at current prices in January – October 2008 was 3.2% or 310.9 mln lats more than in the corresponding period of previous year, and its value reached 10135.1 mln lats.

Foreign trade of Latvia in January - October 2008, at current prices

Exports

Imports

Total

EU countries, % of total of the group

Total

EU countries, % of total of the group

thsd lats

% of total

thsd lats

% of total

Total

3 763 967

100

73.1

6 371 091

100

76.0

Agricultural and food products (I-IV)

597 642

15.9

63.9

836 867

13.1

87.3

Live animals and animal products (I)

138 070

3.7

83.6

167 811

2.6

92.9

Vegetation products (II)

168 549

4.5

65.7

209 544

3.3

82.6

Fats and oils (III)

8 394

0.2

97.5

41 772

0.7

96.8

Prepared foodstuffs (IV)

282 629

7.5

52.2

417 740

6.6

86.4

Mineral products (V) 1)

156 547

4.2

59.8

993 500

15.6

47.1

Products of the chemical and allied industries (VI)

306 501

8.1

67.8

608 411

9.5

79.7

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

108 642

2.9

73.7

310 185

4.9

87.6

Raw hides, leather, furskins and articles thereof (VIII)

10 834

0.3

86.0

22 097

0.3

83.3

Wood and wood products (IX)

643 658

17.1

89.6

124 567

2.0

57.9

Pulp of wood; paper and paperboard (X)

59 654

1.6

76.3

152 138

2.4

86.5

Textiles and textile articles (XI)

209 202

5.6

70.0

262 104

4.1

84.3

Footwear, headgear, umbrellas and other articles (XII)

10 955

0.3

87.3

58 903

0.9

87.0

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

77 480

2.1

76.4

135 351

2.1

85.8

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

8 196

0.2

81.9

27 989

0.4

47.0

Base metals and articles of base metals (XV)

674 156

17.9

73.7

683 856

10.7

57.5

Machinery and mechanical appliances; electrical equipment (XVI)

455 134

12.1

66.7

1 139 866

17.9

85.3

Transport vehicles (XVII)

276 485

7.3

80.5

707 669

11.1

91.4

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

32 691

0.9

38.7

102 103

1.6

82.9

Arms and ammunition (XIX)

115

0.0

-

14 832

0.2

91.5

Miscellaneous manufactured articles; including furniture (XX)

129 024

3.4

70.7

190 294

3.0

79.4

Works of art, collectors pieces and antiques (XXI)

42

0.0

-

358

0.0

62.3

Other goods

7 009

0.2

89.4

-

-

-

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

More information on Latvia’s foreign trade by months and quarters by country groups and commodity groups can be obtained in the CSB data base section „Foreign trade” monthly/quarterly

Prepared by the Foreign Trade Statistics Section
Tel. +371 67366604
Lilita Laganovska