In July exports of dairy produce has increased

09.09.2013

Provisional data of the Central Statistical Bureau show that in July 2013, compared to June, exports value of goods at current prices reduced by 1.8%, but imports value of goods – increased by 10.7%. In July foreign trade balance slightly worsened as exports in total foreign trade value dropped to 42.6% (in June of this year – 45.6%), see picture:

Latvia’s foreign trade, in mln lats [1]

Data source: Central Statistical Bureau of Latvia

In July, compared to June, exports of dairy produce rose by 4.4 mln lats or 43.9%. The largest amount of milk, cream, butter, cheese, curd and other dairy produce was exported to Lithuania - for 6.1 mln lats, to Germany - for 3.0 mln lats and to Russia - for 1.2 mln lats.

Main changes in exports in July, compared to June of this year:

  • exports of live animals and animal products increased by 7.6 mln lats or 28.9%,
  • growth of export of prepared foodstuffs comprised 6.0 mln lats or 12.3%,
  • exports of vegetable products dropped by 23.2 mln lats or 64.7%,
  • exports of transport vehicles dropped by 10.8 mln lats or 35.5%.

Main changes in imports in July, compared to June of this year:

  • imports of mineral products rose by 16.1 mln lats or 15.3%,
  • growth of imports of machinery and mechanical appliances; electrical equipment comprised 13.7 mln lats or 11.1%,
  • imports of transport vehicles dropped by 7.8 mln lats or 14.8%.

In July the most significant share in Latvia’s export – 74.0% had dispatches to the countries of European Union, followed by the export to CIS countries with 14.7%. Main export partners were Lithuania (19.4% of total export), Estonia (13.2%), Russia (10.9%), Germany (7.6%) and Poland (7.4%).

The most significant share in Latvia’s import – 80.3% had arrivals from the countries of European Union, followed by the import from CIS countries with 11.2%. Main import partners were Lithuania (20.0% of total import), Germany (10.8%), Poland (10.3%), Estonia (8.7%) and Russia (6.3%).

Changes of main commodities in Latvia’s export in July 2013, at current prices

 

thsd lats

% of

total

% (+, -) over

 July 2012

 June 2013

average of previous 12 months

Total

544 312

100

-2.4

-1.8

-9.0

 

wood and wood products; wood charcoal

89 099

16.4

+7.5

-3.4

+0.3

 

electrical machinery and equipment

56 128

10.3

+12.8

-3.1

-1.9

 

mineral fuels, mineral oils and products of their distillation

53 078

9.8

-0.1

+36.8

+15.4

 

machinery and mechanical appliances

30 678

5.6

+5.9

-0.9

-5.2

 

beverages, spirits and vinegar

28 815

5.3

+17.3

+24.0

+4.3

 

iron and steel

25 025

4.6

-55.0

+7.7

-40.4

 

dairy produce, eggs, honey

18 689

3.4

+35.8

+46.6

+35.3

 

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

17 463

3.2

-35.0

-9.5

-28.7

 

articles of iron or steel

15 905

2.9

-19.1

-11.9

-10.5

 

plastics and articles thereof

14 205

2.6

+11.1

+4.1

+4.9

In July 2013, compared to July of previous year, rapid exports increase in dairy produce, eggs and honey was mostly affected by exports increase in milk and cream of 2.1 mln lats or 30.8%. But exports of iron and steel reduced, as export of iron and non-alloy steel bars decreased by 23.5 mln lats or 91.7%.

Changes of main commodities in Latvia’s import in July 2013, at current prices

 

thsd lats

% of

total

% (+, -) over

 July 2012

 June 2013

average of previous 12 months

Total

732 021

100

-1.4

+10.7

-0.5

 

mineral fuels, mineral oils and products of their distillation

115 366

15.8

+2.4

+15.2

-7.6

 

electrical machinery and equipment

73 262

10.0

+16.3

+6.8

+8.7

 

machinery and mechanical appliances

63 618

8.7

-15.4

+16.5

-7.0

 

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

36 296

5.0

-41.6

-23.8

-27.8

 

plastics and articles thereof

31 843

4.4

+10.5

+7.3

+13.2

 

iron and steel

25 013

3.4

-31.6

+8.6

-27.5

 

articles of iron or steel

23 644

3.2

+23.0

+12.4

+32.3

 

pharmaceutical products

21 945

3.0

-1.0

-7.6

-15.2

In July, compared to July of previous year, imports of articles of iron and steel rose, as imports of articles of iron and steel for railways and tramways increased by 2.0 mln lats or 9.7 times. But drop of imports of cars and other mechanical vehicles by 18.7 mln lats or 68.2% significantly impacted total imports of vehicles other than railway or tramway rolling stock, and parts and accessories thereof.

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” Short term statistical data.

 

More information:
Foreign trade statistics methodology, analysis and dissemination section
Lilita Laganovska
Tel.: +371 67366604



1 Data on March and April 2013 have been revised.