Foreign trade of Latvia in September 2012

09.11.2012

Provisional data of the Central Statistical Bureau show that, in September 2012, total foreign trade turnover at current prices comprised LVL 1 382.1 million – 1.0% or LVL 13.3 million more than a month before and 8.9% or LVL 113.3 million more than in September 2011.

As compared to the previous month, export value in September 2012 increased by 4.7% and import value decreased by 2.1%. The most significant growth was recorded in export of vegetation products - of LVL 42.4 million or 2.1 times (of which export of cereals rose by LVL 38.9 million or 8.1 times), in export of base metals and articles of base metals – of LVL 9.0 million or 10.8%, and in export of vehicles, aircraft, vessels and associated transport equipment– of LVL 4.8 million or 18.0%. In its turn, the most notable decrease in imports was observed in import of mineral products - of LVL 12.8 million or 8.4%, import of products of the chemical and allied industries – of LVL 7.1 million or 10.7%, and in import of machinery and mechanical appliances; electrical equipment- of LVL 3.1 million or 2.3%.In the meantime, import of vegetation products rose by LVL 11.1 million or 35.0% (of which import of cereals by LVL 8.8 million or 2.5 times).

In January – September 2012, foreign trade turnover value reached LVL 11 267.7 million, an increase of 12.7% or LVL 1 271.5 million on the corresponding period of the previous year. Of which exports comprised LVL 4 941.3 million – rise of 12.6% or LVL 552.5 million, while imports constituted LVL 6 326.4 million – 12.8% or LVL 719.0 million more than a year ago.

Foreign trade of Latvia, million LVL1

_______________

1)  Data on June 2012 have been revised.

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

 

Exports

Imports

Foreign trade balance, thousand LVL  (+,-)

thousand LVL

% of

total

% (+, -)

over

September 2011

 

thousand LVL

% of

total

% (+, -)

over

September 2011

 

Total

649 669

100

+16.5

732 371

100

+3.0

-82 702

Agricultural and food products (I-IV)

163 354

25.1

+47.7

125 959

17.2

+15.2

+37 395

Live animals and animal products (I)

26 783

4.1

+10.8

23 823

3.3

-3.6

+2 960

 

meat and offal (02)

3 554

0.5

+7.7

7 143

1.0

-23.9

-3 589

 

fish (fresh, frozen, smoked) (03)

6 363

1.0

+51.6

7 924

1.1

+17.1

-1 561

 

dairy produce, eggs (04)

14 333

2.2

+6.4

7 623

1.0

-3.3

+6 710

Vegetation products (II)

79 786

12.3

+94.3

42 671

5.8

+54.5

+37 115

 

edible fruit and nuts (08)

3 171

0.5

-34.7

7 104

1.0

+12.7

-3 933

 

cereals (10)

44 387

6.8

+2.7 times

14 892

2.0

+2.4 times

+29 495

 

oilseeds (12)

26 768

4.1

+74.8

11 342

1.5

+57.4

+15 426

Prepared foodstuffs (IV)

54 382

8.4

+25.8

52 722

7.2

+8.9

+1 660

 

preparations of meat, or fish (16)

6 805

1.0

+19.8

3 203

0.4

+0.8

+3 602

 

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

1 737

0.3

+31.6

6 210

0.8

-3.7

-4 473

 

beverages, spirits and vinegar (22)

32 830

5.1

+37.4

13 258

1.8

+8.6

+19 572

 

tobacco and manufactured tobacco substitutes (24)

1 464

0.2

-5.2

4 819

0.7

+64.7

-3 355

Mineral products (V) 1)

49 210

7.6

+6.5

139 054

19.0

+14.1

-89 844

 

 

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

44 169

6.8

+6.5

134 445

18.4

+14.3

-90 276

Products of the chemical and allied industries (VI)

41 909

6.5

-0.3

59 378

8.1

-2.9

-17 469

 

pharmaceutical products (30)

17 794

2.7

-10.7

20 886

2.9

-21.6

-3 092

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

18 598

2.9

+10.3

40 048

5.5

+2.7

-21 450

 

plastics and articles thereof (39)

13 730

2.1

+7.9

27 981

3.8

+1.1

-14 251

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

87 893

13.5

+1.1

11 184

1.5

+14.4

+76 709

 

wood and articles of wood; wood charcoal (44)

87 834

13.5

+1.1

11 089

1.5

+15.1

+76 745

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

11 611

1.8

-3.5

14 914

2.0

-19.4

-3 303

 

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

5 269

0.8

-27.0

12 976

1.8

-22.0

-7 707

 

products of the printing industry; manuscripts (49)

5 621

0.9

+32.9

1 782

0.2

+4.7

+3 839

Textiles and textile articles (XI)

26 851

4.1

+9.9

36 990

5.1

+10.6

-10 139

 

knitted or crocheted fabrics (60)

1 598

0.2

-0.7

1 474

0.2

-9.7

+124

 

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

7 631

1.2

-7.1

10 340

1.4

+19.5

-2 709

 

 

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

10 190

1.6

+37.4

14 030

1.9

+24.1

-3 840

Base metals and articles of base metals (XV)

91 977

14.2

+36.5

76 661

10.5

+4.8

+15 316

 

iron and steel (72)

61 967

9.5

+2.1 times

41 097

5.6

+3.8

+20 870

 

articles of iron or  steel (73)

17 672

2.7

-7.2

19 848

2.7

+8.1

-2 176

Machinery and mechanical appliances; electrical equipment (XVI)

83 652

12.9

+13.2

128 151

17.5

-0.2

-44 499

 

machinery and mechanical appliances (84)

32 042

4.9

+0.3

68 696

9.4

-8.4

-36 654

 

electrical machinery and equipment (85)

51 610

7.9

+23.1

59 455

8.1

+11.2

-7 845

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

31 262

4.8

-18.0

44 706

6.1

-30.0

-13 444

 

 

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

24 409

3.8

-28.0

40 622

5.5

-31.0

-16 213

Miscellaneous manufactured articles (XX)

15 667

2.4

+11.1

17 291

2.4

+19.4

-1 624

 

 

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

12 917

2.0

+11.7

9 662

1.3

+21.8

+3 255

Other goods

27 685

4.3

+10.6

38 035

5.2

-0.3

-10 350

______________                                        

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

In September 2012, the most significant share (65.9%) in Latvia’s export had export to the countries of the European Union, followed by the export to CIS countries – 16.8%.The main export partners were Lithuania (15.3% of total export), Russia (12.6%), Estonia (11.9%), Germany (8.1%) and Poland (5.4%).

In September 2012, the most significant share (81.7%) in Latvia’s import had import from the countries of the European Union, followed by the import from CIS countries – 10.8%.Main import partners were Lithuania (25.9% of total import), Germany (9.8%), Poland (8.4%), Estonia (7.5%) and Russia (7.4%).

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 the Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
Tel. 67366604