Main commodities and partners in foreign trade of Latvia in the 1st quarter of 2008

22.05.2008

The data of the Central Statistical Bureau show that, in January - March 2008 total volume of goods in foreign trade of Latvia at current prices reached 2926.0 mln lats – an increase of 215.1 mln lats or 7.9%, if compared to January – March 2007.

Latvia’s foreign trade at current prices, mln lats

Data adjusted on1st, 3rd and 4th quarter of 2007.

Due to the influence of price changes, compared to January – March 2007, in January – March 2008 the volume of exports at constant prices grew by 7.1%, but the volume of imports at constant prices decreased by 3.7%.

Latvia’s exports and imports (BEC1) at current prices, mln lats

Goods

Exports

Imports

I-III 2007

I-III 2008

I-III 2007

I-III 2008

mln lats

as % of total volume

mln lats

as % of total volume

mln lats

as % of total volume

mln lats

as % of total volume

Total

914,7

100

1 074,0

100

1 796,2

100

1 852,0

100

Capital goods

78,4

8,6

84,7

7,9

319,5

17,8

254,4

13,7

Goods of intermediate consumption

536,9

58,7

588,5

54,8

800,7

44,6

771,9

41,7

Consumer goods

227,4

24,9

228,3

21,3

430,5

24,0

408,6

22,1

Other goods

39,3

4,3

141,3

13,2

76,1

4,2

281,7

15,2

Passenger cars 2

28,7

3,1

28,7

2,7

137,1

7,6

97,5

5,3

Automotive fuel 2

4,1

0,4

2,6

0,2

32,4

1,8

37,9

2,0

1 Capital goods consist of fixed assets, goods of intermediate consumption and other materials envisaged for the further processing.Goods envisaged for the needs of population are considered to be consumer goodsOther goods not included in the mentioned categories are included in the category’’ other goods’’ (e.g., army equipment etc. specific goods).

2 Those commodities are included in several groups of BEC (Broad Economic Categories) classification.

By grouping exported and imported goods in categories by their possible use, in accordance to the BEC classification, general concept on the country exports and imports may be obtained – the bigger the share of capital goods and goods of intermediate consumption in imports, the more possible it is to stimulate the development of the local production.

In January – March 2008 export value at current prices reached 1074.0 mln lats – an increase of 159.3 mln lats compared to the first three months of 2007.

Compared to the corresponding period of previous year, in January – March 2008 the export volume at current prices increased in almost all commodity groups.

The decrease was recorded only in exports of works of art, collectors pieces and antiques - by 79.4%, and of textiles and textile articles - by 9.8%.

Compared to February, on March 2008 exports of wood in rough if calculated at current prices witnessed the most rapid increase - 32.6%, exports of iron and non-alloy steel – grew by 11.3%, of sawn wood – by 10.7%, but exports of paper and paperboard, articles of paper decreased significantly – by 42.9%, as well as did exports of particle board – by 25.6%, of fuel wood – by 14.3%, of non-ferrous metals and articles thereof – by 13.8%, and of veneer sheets – 8.1%.

Compared to March 2007, in March 2008 exports of articles of iron or steel witnessed the largest increase – by 28.3%, exports of veneer sheets and plywood grow by 15.2%, of electrical machinery and equipment – by 13.7%, of pharmaceutical products – by 10.7%, but exports of sawn wood decreased by 33.9%, of wood in the rough – by 20.9%, but exports of iron and non-alloy steel – by 9.3%.

Main commodities in Latvia’s exports, at current prices

Commodity (CN code)

2007 I-III

2008 I-III

mln lats

as % of total volume

mln lats

as % of total volume

Iron and non-alloy steel (7206 - 7217)

71,8

7,8

73,3

6,8

Machinery and mechanical appliances (84)

49,1

5,4

66,5

6,2

Electrical machinery and equipment (85)

45,8

5,0

56,3

5,2

Sawn wood (4407)

78,4

8,6

54,0

5,0

Pharmaceutical products (30)

36,2

4,0

40,1

3,7

Articles of apparel knitted or crocheted; articles of apparel not knitted or crocheted (61 – 62)

44,0

4,8

39,1

3,6

Veneer sheets and plywood (4408, 4412)

22,6

2,5

32,7

3,0

Wood in the rough (440310 - 440399)

27,1

3,0

30,1

2,8

Wood articles (4414 -4421)

31,0

3,4

29,0

2,7

Furniture, including articles of bedding and similar furnishing (9401-9404)

26,7

2,9

22,2

2,1

Fuel wood (4401)

19,8

2,2

21,2

2,0

Paper and paperboard (48)

13,4

1,5

17,4

1,6

Milk, cream, other cultured products (0401 - 0404)

10,2

1,1

13,7

1,3

Semi-manufactures of plastic (3915 – 3926)

15,8

1,7

13,2

1,2

Prepared or preserved fish (1604 -1605)

11,2

1,2

12,7

1,2

Peat, weather or not agglomerated (2703)

11,2

1,2

11,1

1,0

Fish, fresh, chilled or frozen (0302 – 0304)

5,4

0,6

7,9

0,7

Cheese and curd (0406)

4,7

0,5

5,8

0,5

Vodka (220860)

6,5

0,7

5,2

0,5

In January - March 2008 the most significant part (76.7%) of the Latvia exports took exports to the countries of the European Union, followed by the exports to the CIS countries – 14.3% (including Russia – 9.8%).

Exports to the EU countries in January – March 2008 at current prices

Country

mln lats

as % of total volume

Country

mln lats

as % of total volume

Lithuania

179,2

16,7

Belgium

9,9

0,9

Estonia

138,9

12,9

Czech Republic

8,3

0,8

Germany

100,7

9,4

Slovakia

4,4

0,4

Sweden

77,4

7,2

Austria

3,9

0,4

Denmark

50,6

4,7

Hungary

3,7

0,3

United Kingdom

46,8

4,4

Rumania

2,8

0,3

Poland

46,5

4,3

Cyprus

2,0

0,2

Finland

36,8

3,4

Bulgaria

1,1

0,1

Netherlands

29,7

2,8

Greece

0,7

0,1

France

24,9

2,3

Slovenia

0,7

0,1

Italy

19,3

1,8

Luxembourg

0,5

0,0

Spain

18,1

1,7

Portugal

0,5

0,0

Ireland

14,2

1,3

Malta

0,2

0,0

Main commodities in Latvia exports to EU countries at current prices, mln lats

Compared to January - March 2007, in January – March 2008 the most rapid increase in the exports to the EU countries at current prices was recorded in the exports of agricultural goods and food products – by 56.0%, of machinery and mechanical appliances; electrical equipment – by 37.4%, of pulp of wood; paper and paperboard – by 34.7%, of products of the chemical and allied industries – by 30.2%, of transport vehicles – by 27.1%, of basic metals and fabricated metal products – by 12.8%, and of wood and articles of wood – by 3.3%. The exports of textiles and textile articles decreased by 14.6%, and of mineral products – by 0.6%.

Main commodities in Latvia exports to CIS countries at current prices, mln lats

In January – March 2008 exports to the CIS countries at current prices reached 153.3 mln lats. Compared to January - March 2007 the exports of mineral products witnessed the most rapid increase - 80.0%, exports of wood and articles of wood grew by 55.9%, of agricultural goods and food products – by 53.6%, of products of the chemical and allied industries – by 35.5%, of machinery and mechanical appliances; electrical equipment – by 12.4%, of basic metals and fabricated metal products – by 6.3%. But the exports of optical instruments and apparatus, in turn, has decreased by 15.6%, of transport vehicles – by 9.5%, of oils and fats - by 8.8%.

Import value in January – March 2008 at current prices was 55.8 mln lats higher than in January – March 2007, and reached 1852.0 mln lats.

Compared to the corresponding period of previous year, in January – March 2008 the increase of commodity imports at current prices was recorded in the imports of mineral products – by 35.0%, of agricultural goods and food products – by 25.6%, of products of the chemical and allied industries – by 13.3%, and of plastics and articles thereof; rubber and articles thereof - by 9.2%. But the imports of wood and articles of wood reduced by 26.6%, of machinery and mechanical appliances; electrical equipment – by 13.2%, of transport vehicles – by 7.9%, and of textiles and textile articles – by 0.4%.

Main commodities in Latvia’s imports at current prices

Commodity (CN code)

2007 I-III

2008 I-III

mln lats

as % of total volume

mln lats

as % of total volume

Machinery and mechanical appliances (84)

237,8

13,2

189,4

10,2

Electrical machinery and equipment (85)

142,2

7,9

140,4

7,6

Passenger cars (8703)

137,3

7,6

97,5

5,3

Diesel oil (27101941 - -27101949)

56,1

3,1

82,3

4,4

Natural gas (271121)

55,7

3,1

61,4

3,3

Iron and non-alloy steel (7206 - 7217)

64,7

3,6

60,9

3,3

Pharmaceutical products (30)

70,0

3,9

60,0

3,2

Articles of iron or steel (73)

53,2

3,0

49,9

2,7

Paper and paperboard, articles of paper (48)

37,0

2,1

39,8

2,1

Articles of apparel knitted or crocheted; articles of apparel not knitted or crocheted (61 – 62)

40,4

2,2

39,2

2,1

Motor spirit (27101141 - -27101159)

32,3

1,8

37,9

2,0

Semi-manufactures and articles of plastic (3915 – 3926)

40,8

2,3

37,4

2,0

Milk and milk products (0401 – 0404, 040510, 0406)

9,2

0,5

13,0

0,7

Cigarettes (240220)

9,1

0,5

10,8

0,6

Fish, fresh, chilled or frozen (0302 – 0304)

6,3

0,4

10,0

0,5

Meat of swine, fresh, chilled or frozen (0203)

6,3

0,4

7,1

0,4

Residual fuel oil (27101961 - 440399)

6,5

0,4

7,0

0,4

Wine of fresh grapes (220421, 220429)

8,2

0,5

5,7

0,3

Poultry, chilled or frozen (0207)

4,5

0,3

5,1

0,3

Cement (2523)

4,1

0,2

4,0

0,2

In January - March 2008 the most significant part (76.6%) of the Latvia imports took imports from the countries of the European Union, followed by the imports from CIS countries – 14.9% (including Russia – 9.8%).

Imports from EU countries in January – March 2008 at current prices

Country

mln lats

as % of total volume

Country

mln lats

as % of total volume

Lithuania

272,1

14.7

Czech Republic

23,4

1.3

Germany

259,5

14.0

Spain

21,1

1.1

Estonia

143,2

7.7

Hungary

14,0

0.8

Poland

130,8

7.1

Slovakia

11,1

0.6

Finland

102,3

5.5

Cyprus

7,7

0.4

Sweden

100,3

5.4

Ireland

5,9

0.3

Netherlands

64,5

3.5

Portugal

5,0

0.3

Italy

60,1

3.2

Luxembourg

4,0

0.2

Denmark

51,5

2.8

Slovenia

3,3

0.2

France

40,7

2.2

Bulgaria

2,0

0.1

Belgium

36,7

2.0

Greece

1,9

0.1

Austria

31,7

1.7

Rumania

1,5

0.1

United Kingdom

24,4

1.3

Malta

0,1

0,0

Main commodities in Latvia imports from EU countries at current prices, mln lats

Compared to January - March 2007, in January – March 2008 in the imports form EU countries the most rapid rise at current prices was recorded in the imports of mineral products – by 69.7%, the imports of agricultural goods and food products grew by 25.7%, of .. But the imports of machinery and mechanical appliances; electrical equipment reduced by 12.9%, of transport vehicles – by 7.0%, of textiles and textile articles – by 1.3%, and of wood and articles of wood – by 0.8%.

Main commodities in Latvia imports from CIS countries at current prices, mln lats 

 

In January – March 2008 exports from CIS countries at current prices reached 275.5 mln lats. Compared to January - March 2007 the imports of products of the chemical and allied industries witnessed the most rapid increase - 103.5%, imports of agricultural goods and food products grew by 38.0%, of mineral products – 27.1%, of machinery and mechanical appliances; electrical equipment – by 9.6%, of transport vehicles – by 6.5%. But the imports of wood and articles of wood reduced by 47.9%, of articles of stone, plaster, cement, glassware and ceramic products – by 46.3%, and of textiles and textile articles – by 27.5%.

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