Foreign trade of Latvia in October 2012

10.12.2012

Provisional data of the Central Statistical Bureau show that in October 2012, the total foreign trade turnover at current prices comprised LVL 1 519.3 million – 9.9 % or LVL 137.2 million more than a month before and 16.6% or LVL 216.3 million more than in October 2011.

As compared to the previous month, export value in October 2012 increased by 5.7% and import value - by 13.7%. The most significant growth was recorded in export of mineral products - of LVL 21.3 million or 43.3%, in export prepared foodstuffs – of LVL 14.9 million or 27.4% and in export of machinery and mechanical appliances; electrical equipment – of LVL 12.0 million or 14.4%. In its turn, the most notable growth in imports was observed in import of vehicles, aircraft, vessels and associated transport equipment - of LVL 34.8 million or 77.8% and in import of machinery and mechanical appliances; electrical equipment - of LVL 26.5 million or 20.7%.

In January – October 2012 foreign trade turnover value reached LVL 12 814.7 million – 13.4% or LVL 1 515.5 million more than in the corresponding period of the previous year.Of which exports comprised LVL 5 632.1 million – an increase of 13.8% or LVL 682.9 million, whereas imports constituted LVL 7 182.6 million – 13.1% or LVL 832.6 million more than a year ago.

Foreign trade of Latvia, million LVL1

_______________

1)  Data on July 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

October 2011

thousand LVL

% of

total

% (+, -)

over

October 2011

 

Total

686 869

100

+22.6

832 391

100

+12.1

-145 522

Agricultural and food products (I-IV)

170 731

24.9

+57.3

120 816

14.5

+12.5

+49 915

Live animals and animal products (I)

29 794

4.3

+19.2

26 442

3.2

+7.5

+3 352

 

meat and offal (02)

4 657

0.7

+22.5

7 941

1.0

-13.8

-3 284

 

fish (fresh, frozen, smoked) (03)

7 146

1.0

+55.2

9 935

1.2

+41.0

-2 789

 

dairy produce, eggs (04)

15 513

2.3

+20.3

6 878

0.8

-8.1

+8 635

Vegetation products (II)

69 750

10.2

+89.4

28 762

3.5

-1.4

+40 988

 

edible fruit and nuts (08)

2 791

0.4

-12.0

7 410

0.9

+17.2

-4 619

 

cereals (10)

42 630

6.2

+3.1 times

7 454

0.9

+3.5

+35 176

 

oilseeds (12)

18 546

2.7

+27.0

4 357

0.5

-5.0

+14 189

Prepared foodstuffs (IV)

69 294

10.1

+54.6

58 455

7.0

+28.7

+10 839

 

preparations of meat, or fish (16)

9 564

1.4

+62.8

3 002

0.4

-6.4

+6 562

 

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

2 324

0.3

+66.0

6 886

0.8

+23.5

-4 562

 

beverages, spirits and vinegar (22)

41 669

6.1

+62.8

15 248

1.8

+37.7

+26 421

 

tobacco and manufactured tobacco substitutes (24)

1 507

0.2

+31.7

3 469

0.4

+32.9

-1 962

Mineral products (V) 1)

70 531

10.3

+29.7

145 905

17.5

+3.9

-75 374

 

 

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

67 911

9.9

+35.3

140 182

16.8

+1.7

-72 271

Products of the chemical and allied industries (VI)

42 451

6.2

+2.2

68 930

8.3

+13.3

-26 479

 

pharmaceutical products (30)

18 122

2.6

-12.9

22 052

2.6

-17.2

-3 930

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

18 797

2.7

+3.1

44 520

5.3

+18.6

-25 723

 

plastics and articles thereof (39)

13 605

2.0

+4.0

29 935

3.6

+13.3

-16 330

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

93 622

13.6

+4.2

14 335

1.7

+25.7

+79 287

 

wood and articles of wood; wood charcoal (44)

93 550

13.6

+4.1

14 081

1.7

+26.3

+79 469

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

13 772

2.0

+14.8

21 042

2.5

+21.6

-7 270

 

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

7 566

1.1

+6.9

18 595

2.2

+19.4

-11 029

 

products of the printing industry; manuscripts (49)

5 949

0.9

+37.4

2 395

0.3

+48.0

+3 554

Textiles and textile articles (XI)

26 570

3.9

+34.9

40 371

4.9

+32.2

-13 801

 

knitted or crocheted fabrics (60)

1 517

0.2

+23.2

1 849

0.2

+6.2

-332

 

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

5 946

0.9

-0.6

9 617

1.2

+26.0

-3 671

 

 

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

11 445

1.7

+80.8

15 488

1.9

+84.4

-4 043

Base metals and articles of base metals (XV)

76 687

11.2

+6.8

77 465

9.3

-0.03

-778

 

iron and steel (72)

43 082

6.3

+1.3

38 147

4.6

+29.0

+4 935

 

articles of iron or  steel (73)

18 899

2.8

+5.4

21 092

2.5

-35.5

-2 193

Machinery and mechanical appliances; electrical equipment (XVI)

95 657

13.9

+25.5

154 658

18.6

+23.4

-59 001

 

machinery and mechanical appliances (84)

34 784

5.1

+16.8

80 121

9.6

+9.0

-45 337

 

electrical machinery and equipment (85)

60 873

8.9

+31.1

74 538

9.0

+43.8

-13 665

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

35 405

5.2

+7.7

79 509

9.6

+9.8

-44 104

 

 

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

25 681

3.7

-14.3

62 452

7.5

-3.1

-36 771

Miscellaneous manufactured articles (XX)

17 390

2.5

+21.8

19 524

2.3

+15.3

-2 134

 

 

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

14 111

2.1

+20.9

10 794

1.3

+15.2

+3 317

Other goods

25 256

3.7

+20.6

45 316

5.4

+0.8

-20 060

______________                                        

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

In October 2012 the most significant share (70.5%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 16.5%. The main export partners were Lithuania (17.1% of total export), Russia (12.6%), Estonia (11.8%), Germany (7.9%) and Poland (6.1%).

In October 2012 the most significant share (77.6%) in Latvia’s import had import from the countries of the European Union, followed by import from the CIS countries – 14.2%.The main import partners were Lithuania (18.9% of total import), Germany (11.0%), Russia (8.8%), Poland (8.7%) and Estonia (8.4%).

 

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