Foreign trade of Latvia in September 2007

09.11.2007

Compared to August 2007, the value of exports in September 2007 increased by 0.3% or 1 mln lats, but in comparison with September 2006 it increased by 16.2 % or 46.9 mln lats, reaching 336.7 mln lats, according to Central Statistical Bureau data.

The value of imports in September 2007 was, in turn, 1.3% or 8.4 mln lats lower than in August 2007, but 8.5% or 49.7 mln lats higher compared to September 2006, reaching 633.3 mln lats.

The total foreign trade turnover in September 2007 was 11.1% or 96.7 mln lats higher than in the corresponding period of the previous year and its value was as high as 970.0 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 indicators. Data on January and June 2007 have been revised.

Latvia’s foreign trade in September 2007

Exports

Imports

Total

EU – 27,
% of
total of the group

Total

EU – 27,
% of
total of the group

thsd
Ls

% of
total

thsd
Ls

% of
total

Total

336702

100

76.4

633260

100

78.2

Agricultural and food products (I-IV)

54744

16.3

74.6

64269

10.1

87.8

    Live animals and animal products
    (I)

13775

4.1

92.1

11821

1.9

91.7

    Vegetable products (II)

17466

5.2

79.0

12897

2.0

85.4

    Fats and oils (III)

350

0.1

93.7

2722

0.4

95.3

    Prepared foodstuffs (including
    alcoholic and non-alcoholic
    beverages and tobacco) (IV)

23154

6.9

60.7

36829

5.8

86.8

Mineral products (V) 1)

12196

3.6

72.8

90788

14.3

55.8

Products of the chemical and allied industries (VI)

24190

7.2

65.4

45954

7.3

76.9

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

10178

3.0

76.5

33053

5.2

88.3

Raw hides, leather, fur, skins and articles thereof (VIII)

1124

0.3

79.9

2706

0.4

82.4

Wood and articles of wood (IX)

72322

21.5

91.3

20159

3.2

41.4

Pulp of wood; paper and paperboard
(X)

6850

2.0

81.4

15727

2.5

83.5

Textiles and textile articles (XI)

22465

6.7

68.8

29163

4.6

87.1

Footwear, headgear, umbrellas and other articles (XII)

984

0.3

90.7

7266

1.1

79.8

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

7489

2.2

82.7

15969

2.5

84.7

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

634

0.2

88.3

3093

0.5

50.2

Base metals and articles of base metals (XV)

42769

12.7

78.7

62911

9.9

63.1

Machinery and mechanical appliances; electrical equipment (XVI)

42186

12.5

60.7

121550

19.2

86.0

Transport vehicles (XVII)

22772

6.8

81.8

88774

14.0

92.5

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

3131

0.9

44.2

9452

1.5

84.2

Arms and ammunition (XIX)

-

-

-

302

0.0

93.0

Miscellaneous manufactured articles; including furniture (XX)

12553

3.7

71.4

22109

3.5

85.0

Works of art, collectors pieces and antiques (XXI)

24

0.0

99.8

17

0.0

16.4

Other goods

92

0.0

55.4

-

-

-

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

In September 2007, in comparison with September 2006, the value of the most important commodity in the exports of Latvia – wood and articles of wood, increased by 23.3%. Exports of agriculture and food products increased noticeably - by 39.9%, exports of machinery and mechanical appliances, electrical equipment - by 38.5%, exports for products of the chemical and allied industries – 28.6%. But the exports of textiles and textile articles and decreased by 16.4%, exports of mineral products- by 13.6%, of base metals and articles of base metals- by 4.8%.

In September 2007, in comparison with August 2007 the value of exports of machinery and mechanical appliances, electrical equipment increased by 20.7%, of agriculture and food products - by 13.1%, of pulp of wood; paper and paperboard - by 11.1%. However, for most goods the volume of exports decreased: On base metals and articles of base metals – by 17.9%, on plastics and articles thereof; rubber and articles thereof - by 8.7%, on miscellaneous manufactured articles; including furniture – by 7.5%, on wood and articles of wood – by 7.5%, on textiles and textile articles – by 2.4%.

In September 2007, in comparison with September 2006 the import value increased in all main commodity groups: on imports of wood and articles of wood - by 49.1%, of mineral products - by 19.0%, of miscellaneous manufactured articles; including furniture - by 17.2%, of agriculture and food products - by 12.5%, of base metals and articles of base metals- by 11.4%. However, the imports of plastics and articles thereof; rubber and articles thereof decreased by 2.5%, of machinery and mechanical appliances; electrical equipment – by 0.4%.

In September 2007, in comparison with August 2007 the import value increased only in these commodity groups- on miscellaneous manufactured articles; including furniture - by 5.5%, on of machinery and mechanical appliances; electrical equipment - by 4.6%, on transport vehicles – by 4.5%, on base metals and articles of base metals – by 2.3%, on mineral products - by 2.0%. The largest import value decrease was in the following commodity groups- articles of stone, plaster, cement, glassware and ceramic products - by 18.8%, agriculture and food products – by 12.0%. By 9.7% decreased import of products of the chemical and allied industries, of wood and articles of wood- by 8.3%, of plastics and articles thereof; rubber and articles thereof- by 8.1%.

Main partners of Latvia’s foreign trade

Groups of countries,
Countries

August 2007

September 2007

September 2007 value in % (+,-) against

thsd lats

ratio, %

thsd lats

ratio, %

August 2007

September 2006

Exports - total

335653

100

336702

100

0.3

16.2

EU – 27 countries

253624

75.6

257225

76.4

1.4

18.0

    EU – 25 countries

252605

75.3

255822

76.0

1.3

17.6

        EU – 15 countries

138065

41.1

137627

40.9

-0.3

10.1

    Other countries:

     CIS

52755

15.7

50410

15.0

-4.4

12.5

     other

29274

8.7

29067

8.6

-0.7

7.4

Main export partners:

Lithuania

50606

15.1

52131

15.5

3.0

20.3

Estonia

49584

14.8

50275

14.9

1.4

44.0

Russia

37531

11.2

35423

10.5

-5.6

21.4

Germany

29071

8.7

31943

9.5

9.9

-3.5

Great Britain

23602

7.0

22856

6.8

-3.2

0.4

Imports - total

641717

100

633260

100

-1.3

8.5

EU – 27 countries

499517

77.8

494991

78.2

-0.9

7.7

    EU – 25 countries

497919

77.6

493980

78.0

-0.8

7.6

        EU –15 countries

260806

40.6

278962

44.1

7.0

5.0

    Other countries:

     CIS

84568

13.2

84266

13.3

-0.4

15.7

     other

57632

9.0

54003

8.5

-6.3

5.4

Main import partners:

Lithuania

104687

16.3

96719

15.3

-7.6

22.9

Germany

88743

13.8

93655

14.8

5.5

7.4

Estonia

56449

8.8

52638

8.3

-6.8

11.1

Russia

51344

8.0

49678

7.8

-3.2

41.8

Poland

50053

7.8

44681

7.1

-10.7

0.9

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