Foreign trade of Latvia in October 2011

12.12.2011

In October 2011 the total foreign trade turnover at current prices reached LVL 1 253.4 million – 2.6% or LVL 31.4 million more than a month before and 24.2% or LVL 244.0 million more than in October 2010, according to provisional data of the Central Statistical Bureau.

In October 2011 as compared to the previous month, export growth was mostly affected by increase of LVL 15.1 million or 24.4% in export of machinery and mechanical appliances; electrical equipment and of LVL 9.9 million or 21.2% in export of mineral products. Also import growth was mostly influenced by increase of LVL 18.7 million or 14.8% in import of mineral products, as well as by increase of LVL 14.4 million or 78.5% in import of articles of iron or steel.

In January – October 2011 foreign trade turnover value reached LVL 11 192.1 million – 31.3% or LVL 2 668.4 million more than in the corresponding period of the previous year. Of which export value comprised LVL 4 966.3 million – an increase of 30.3% or LVL 1 153.9 million, whereas import value constituted LVL 6 225.8 million – 32.1% or LVL 1 514.5 million more than a year ago.

Foreign trade of Latvia, million LVL1

________________
1) Data on April, May and July 2011 have been revised.

 

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

 

Export

Import

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

October, 2010

 

thousand LVL

% of

total

% (+, -)

over

October, 2010

 

Total

556 004

100

+21.4

697 433

100

+26.5

-141 429

Agricultural and food products (I-IV)

105 040

18.9

+13.4

98 696

14.2

+15.9

+6 344

Live animals and animal products (I)

24 564

4.4

+21.3

21 982

3.2

+8.6

+2 582

 

meat and offal (02)

3 627

0.7

+29.8

8 500

1.2

+36.4

-4 873

 

fish (fresh, frozen, smoked) (03)

4 582

0.8

-12.0

6 803

1.0

+1.9

-2 221

 

dairy produce, eggs (04)

12 575

2.3

+22.7

5 774

0.8

-14.6

+6 801

Vegetation products (II)

33 107

6.0

-7.1

27 415

3.9

+21.5

+5 692

 

edible fruit and nuts (08)

3 195

0.6

+79.6

6 030

0.9

+18.4

-2 835

 

cereals (10)

12 652

2.3

-44.0

6 635

1.0

+23.8

+6 017

 

oilseeds (12)

11 840

2.1

+59.3

3 797

0.5

+69.7

+8 043

Prepared foodstuffs (IV)

45 858

8.2

+29.7

41 043

5.9

+7.4

+4 815

 

preparations of meat, or fish (16)

6 083

1.1

+26.1

2 980

0.4

+27.6

+3 103

 

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

1 426

0.3

-9.8

5 076

0.7

-10.9

-3 650

 

beverages, spirits and vinegar (22)

25 788

4.6

+35.3

9 593

1.4

+10.8

+16 195

 

tobacco and manufactured tobacco substitutes (24)

1 225

0.2

+30.7

1 994

0.3

-9.0

-769

Mineral products (V) 1)

56 587

10.2

+2.2 times

145 510

20.9

+68.0

-88 923

 

 

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

52 168

9.4

+2.3 times

142 904

20.5

+68.8

-90 736

Products of the chemical and allied industries (VI)

39 260

7.1

+23.4

54 669

7.8

+9.5

-15 409

 

pharmaceutical products (30)

17 769

3.2

+7.9

23 284

3.3

+12.5

-5 515

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

16 256

2.9

+10.8

33 488

4.8

+3.5

-17 232

 

plastics and articles thereof (39)

11 744

2.1

+9.2

23 267

3.3

+2.2

-11 523

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

91 557

16.5

+12.3

11 060

1.6

+21.7

+80 497

 

wood and articles of wood; wood charcoal (44)

91 502

16.5

+12.4

10 826

1.6

+21.7

+80 676

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

12 570

2.3

+29.6

17 455

2.5

+11.9

-4 885

 

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

7 506

1.3

+35.2

15 818

2.3

+13.7

-8 312

 

products of the printing industry; manuscripts (49)

4 422

0.8

+17.6

1 504

0.2

-5.7

+2 918

Textiles and textile articles (XI)

19 969

3.6

+5.3

27 121

3.9

+0.3

-7 152

 

knitted or crocheted fabrics (60)

1 262

0.2

-6.9

1 811

0.3

+28.3

-549

 

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

5 747

1.0

+15.8

6 416

0.9

-13.0

-669

 

 

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

6 478

1.2

+12.5

6 909

1.0

-1.1

-431

Base metals and articles of base metals (XV)

71 448

12.9

+16.5

75 713

10.9

+14.4

-4 265

 

iron and steel (72)

41 686

7.5

+20.4

29 681

4.3

-20.2

+12 005

 

articles of iron or  steel (73)

18 193

3.3

+29.4

32 765

4.7

+2.0 times

-14 572

Machinery and mechanical appliances; electrical equipment (XVI)

77 049

13.9

+18.1

114 657

16.4

+22.2

-37 608

 

machinery and mechanical appliances (84)

29 657

5.3

+10.4

64 769

9.3

+59.3

-35 112

 

electrical machinery and equipment (85)

47 391

8.5

+23.5

49 889

7.2

-6.1

-2 498

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

31 588

5.7

+19.2

62 512

9.0

+43.0

-30 924

 

 

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

28 560

5.1

+28.8

55 660

8.0

+61.5

-27 100

Miscellaneous manufactured articles (XX)

14 195

2.6

+15.4

15 460

2.2

+16.4

-1 265

 

 

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

11 400

2.1

+22.3

8 188

1.2

+8.4

+3 212

Other goods

20 485

3.7

+13.6

41 092

5.9

+43.2

-20 607

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

In October 2011, the most significant share (69.8%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 14.7%. The main export partners were Lithuania (16.8% of total export), Estonia (12.2%), Russia (11.5%), Germany (7.7%) and Poland (6.5%).

In October 2011, the most significant share (76.1%) in Latvia’s import had import from the countries of the European Union, followed by import from the CIS countries – 12.7%. The main import partners were Lithuania (19.7% of total import), Germany (12.6%), Poland (8.3%), Russia (7.5%) and Estonia (6.7%).

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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