Foreign trade of Latvia in September 2008

10.11.2008

Total foreign trade turnover at current prices in September 2008 reached 1110.5 mln lats – 158.5 mln lats or 16.7% more than a month before and 124.9 mln lats or 12.7% less than in September of previous year, according to Central Statistical Bureau data. Compared to August especially rapid growth in September 2008 witnessed imports and that, taking into account the fact that, approximately half of the export in the country is formed by the business deals made by the enterprises performing their activities in the trade sector, probably has influenced also the rise of the total export deal value.

Latvia’s foreign trade, in mln lats1

1) Data on January, February, March, June and July 2008 have been revised.

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

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

August 2008

September 2007

Exports - total

419 607

100

+15.6

+23.5

68.8

Agricultural and food products (I-IV)

71 603

17.1

+26.3

+28.8

61.9

of which - prepared foodstuffs (IV)

34 233

8.2

+28.4

+47.3

47.3

Products of the chemical and allied industries (VI)

44 886

10.7

+89.8

+77.9

73.3

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

12 162

2.9

+2.7

+21.1

74.2

Wood and wood products (IX)

55 906

13.3

-4.3

-28.2

88.5

Textiles and textile articles (XI)

22 657

5.4

+7.7

+0.2

76.2

Base metals and articles of base metals (XV)

78 376

18.7

-2.3

+91.2

59.3

Machinery and mechanical appliances; electrical equipment (XVI)

50 921

12.1

+17.5

+20.1

64.7

Transport vehicles (XVII)

25 572

6.1

+0.9

+16.6

75.6

Miscellaneous manufactured articles; including furniture (XX)

13 004

3.1

+11.8

+8.4

66.4

Other goods

44 520

10.6

+45.1

+42.7

63.1

Compared to previous month in September 2008, if calculating at current prices, most rapid rise witnesses the exports of wheat and meslin – 3.7 times (to Denmark, Sweden, Portugal, Netherlands and to Faeroe Islands). Noticeable increase was observed also in the exports of prepared or preserved fish, crustaceans, molluscs – by 65.2%, of chocolate and other food preparations containing cocoa – by 60.0%, of vodka – by 37.9%. Among the products of chemical and allied industries most significant growth was recorded in the exports of perfumery and cosmetics – by 84.4%, of pharmaceutical products – by 41.1%. Notable increase witnessed also exports of glass fibres - by 52.6%, of agglomerated and non-agglomerated peat – by 36.5%, of electrical appliances and equipment – by 26.7%, of non-ferrous metals and articles thereof – by 14.0%, of articles of apparel and accessories knitted or crocheted – by 12.8%. Exports of wood in the rough decreased by 24.7%, as well as did exports of veneer sheets and plywood – by 12.2%, of iron and non-alloy steel – by 2.8%.

Compared to September 2007 the highest growth in September of this year witnessed export of iron and non-alloy steel - 2.4 times (especially to Peru, Denmark and Belorussia), and of articles of iron or steel – by 59.2%. Amongst the agricultural and food goods most notable increase was observed in the export of wheat and meslin – by 90.6%, of products of prepared fish, crustaceans, molluscs and preserves – by 75.9% and of vodka – by 55.2%. Also exports of chemical and allied industries grew significantly: of perfumery and cosmetics – by 67.2%, of organic chemical compounds – by 45.3%, of tanning or dyeing extracts, paints and varnishes – by 40.7%. Remarkable increase witnessed also exports of agglomerated and non-agglomerated peat – by 43.9%, of electrical appliances and equipment – by 39.1%, of printed books, newspapers, other products of the printing industry – by 34.5%, of articles of plaster – by 14.9%. But exports of wood in rough and sawn wood decreased by 47.4% and 45.0%, respectively.

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

Total

% (+, -) over

EU countries, % of total of the group

thsd lats

% of total

August 2008

September 2007

Imports - total

690 934

100

+17.3

+7.0

76.0

Agricultural and food products (I-IV)

91 169

13.2

+11.6

+38.0

86.5

of which - prepared foodstuffs (IV)

46 654

6.8

+10.5

+27.4

85.2

Mineral products (V) 1)

127 696

18.5

+9.0

+50.6

47.3

Products of the chemical and allied industries (VI)

70 010

10.1

+46.3

+41.4

81.8

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

36 448

5.3

+24.6

+13.0

87.4

Wood and wood products (IX)

10 472

1.5

+4.8

-50.7

68.7

Textiles and textile articles (XI)

31 432

4.5

+40.4

+1.4

86.4

Base metals and articles of base metals (XV)

67 897

9.8

+8.5

+6.2

65.5

Machinery and mechanical appliances; electrical equipment (XVI)

113 334

16.4

+6.2

-8.7

87.6

Transport vehicles (XVII)

67 713

9.8

+45.0

-26.1

86.0

Miscellaneous manufactured articles; including furniture (XX)

18 871

2.7

+18.9

-21.4

76.4

Other goods

55 892

8.1

+14.0

-2.3

81.9

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

Compared to previous month in September 2008, if calculating at current prices, imports grew in all main commodity groups. Most significant growth was recorded in the exports of new rubber pneumatic tyres for passenger vehicles and trucks, busses – 2 times (from Czech Republic and Italy), of trucks – 64.6%, of natural gas – by 53.0%, of articles of apparel, not knitted or crocheted – by 505.5%, of passenger cars – by 40.6%, of perfumery and cosmetics – by 28.0%, of cigarettes – by 24.7%, of electrical machinery and equipment – by 20.3%, of pharmaceutical products – by 16.5%.
Compared to September 2007 the highest rise of import witnessed natural gas - 3 times, of coffee and coffee substitutes – by 72.2%, of diesel oil – by 53.1%, of new tyres for passenger vehicles and trucks, busses – by 42.5%, of margarine – by 28.6%, of pharmaceutical products – by 16.2%, of tanning or dyeing extracts, paints and varnishes – by 12.1%. But imports of sawn wood decreased by 68.4%, as well as did imports of tractors – by 45.4%, of furniture, including mattress and articles of bedding and similar furnishing – by 31.7%, of machinery and mechanical appliances – by 18.1%.
Main partners of Latvia’s foreign trade (at current prices)

Groups of countries, countries

September 2008

August 2008

September 2007

thsd lats

% of total

thsd lats

% of total

thsd lats

% of total

Exports - total

419 607

100

362 872

100

339 881

100

EU countries,

288 525

68.8

258 328

71.2

260 404

76.6

CIS

67 112

16.0

53 255

14.7

50 410

14.8

Other countries

63 970

15.2

51 289

14.1

29 067

8.6

Main exports partners:

Lithuania

63 669

15.2

57 075

15.7

52 510

15.4

Estonia

56 323

13.4

50 873

14.0

50 051

14.7

Russia

43 153

10.3

34 294

9.5

35 423

10.4

Germany

29 412

7.0

24 251

6.7

31 616

9.3

Sweden

27 145

6.5

24 078

6.6

27 161

8.0

Denmark

22 484

5.4

17 601

4.9

16 438

4.8

United Kingdom

16 444

3.9

15 990

4.4

22 590

6.6

Imports - total

690 934

100

589 136

100

645 716

100

EU countries,

EU countries,

524 901

76.0

446 166

75.7

507 447

78.6

CIS

CIS

113 863

16.5

92 297

15.7

84 266

13.1

Other

Other countries

52 170

7.6

50 673

8.6

54 003

8.4

Main imports partners:

Lithuania

124 576

18.0

116 691

19.8

98 981

15.3

Germany

87 624

12.7

67 224

11.4

97 516

15.1

Russia

72 735

10.5

66 166

11.2

49 678

7.7

Poland

48 299

7.0

44 954

7.6

44 457

6.9

Estonia

47 765

6.9

41 093

7.0

52 306

8.1

Finland

32 014

4.6

25 640

4.4

32 018

5.0

Sweden

29 304

4.2

23 295

4.0

32 208

5.0

Total foreign trade turnover at current prices in January – September 2008 was 3.6% or 316.0 mln lats higher than in the corresponding period of previous year, and its value reached 9048.7 mln lats.

Foreign trade of Latvia in January – September 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

3 360 195

100

73.5

5 688 546

100

76.1

Agricultural and food products (I-IV)

508 865

15.1

66.9

733 685

12.9

87.3

Live animals and animal products (I)

124 172

3.7

84.1

148 028

2.6

93.0

Vegetation products (II)

130 258

3.9

74.7

181 886

3.2

82.8

Fats and oils (III)

7 794

0.2

97.7

34 069

0.6

96.9

Prepared foodstuffs (IV)

246 641

7.3

53.1

369 702

6.5

86.3

Mineral products (V) 1)

135 010

4.0

57.2

882 814

15.5

47.9

Products of the chemical and allied industries (VI)

271 320

8.1

68.4

548 769

9.6

79.8

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

94 397

2.8

73.3

274 848

4.8

87.5

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

9 743

0.3

85.8

19 201

0.3

82.7

Wood and wood products (IX)

587 300

17.5

89.9

114 180

2.0

56.5

Pulp of wood; paper and paperboard (X)

55 796

1.7

78.3

135 012

2.4

86.0

Textiles and textile articles (XI)

184 786

5.5

69.8

231 177

4.1

83.8

Footwear, headgear, umbrellas and other articles (XII)

9 780

0.3

86.3

52 310

0.9

86.4

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

69 365

2.1

76.5

120 133

2.1

85.8

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

7 422

0.2

81.6

25 012

0.4

48.1

Base metals and articles of base metals (XV)

621 263

18.5

73.0

617 233

10.9

57.5

Machinery and mechanical appliances; electrical equipment (XVI)

404 924

12.1

66.2

1 024 185

18.0

85.5

Transport vehicles (XVII)

254 026

7.6

81.0

635 316

11.2

91.4

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

29 747

0.9

39.5

92 133

1.6

82.8

Arms and ammunition (XIX)

93

0.0

-

14 095

0.2

95.3

Miscellaneous manufactured articles; including furniture (XX)

113 448

3.4

69.7

168 096

3.0

79.4

Works of art, collectors pieces and antiques (XXI)

22

0.0

-

347

0.0

62.2

Other goods

2 889

0.1

76.7

-

-

-

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, annual data.

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