Main commodities and partners in January - September 2008

20.11.2008

The data of the Central Statistical Bureau show that, in January - September 2008 total volume of goods in foreign trade of Latvia at current prices reached 9048.7 mln lats – an increase of 316.0 mln lats or 3.6 %, if compared to January – September 2007.

Latvia’s foreign trade at current prices by quarters, mln lats

Data adjusted on 4th quarter of 2007 and 1st and 2nd quarter of 2008.

Due to the influence of price changes, compared to January – September 2007, in January – September 2008 the volume of exports at constant prices grew by 3.5%. At the same time the volume of imports at constant prices decreased by 9.9%.

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

Goods

Exports

Imports

I-IX 2007

I-IX 2008

I-IX 2007

I-IX 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

2 949.7

100

3 360.2

100

5 782.9

100

5 688.5

100

Capital goods

266.1

9.0

318.4

9.5

1 114.0

19.3

874.2

15.4

Goods of intermediate consumption

1 793.9

60.8

1 977.3

58.8

2 564.8

44.3

2 631.2

46.2

Consumer goods

699.7

23.7

746.5

22.2

1 350.7

23.4

1 344.9

23.6

Other goods²

94.7

3.2

217.7

6.5

187.3

3.2

424.5

7.5

Passenger cars 3

82.6

2.8

90.7

2.7

437.8

7.6

276.5

4.9

Automotive fuel 3

12.7

0.5

9.6

0.3

128.3

2.2

137.2

2.4

1 Broad Economic Categories classification.

2 Including mathematical addition.

3 Those commodities are included in several groups of BEC.

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 goods. Other goods not included in the mentioned categories are included in the category “other goods’’ (e.g., army equipment etc. specific goods). 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 – September 2008 export value at current prices reached 3360.2 mln lats – an increase of 410.5 mln lats or 13.9% compared to January – September 2007. An increase was observed in almost all commodity groups. Exports volume of base metals and articles of base metals increased by 42.0%, of agricultural and food products – by 26.7%, of transport vehicles – by 26.6%, of machinery and mechanical appliances; electrical equipment – by 26.1%, of products of chemical and allied industries – by 23.6%. However, the exports of wood and articles of wood decreased by 14.5%, of textiles and textile articles – by 10.9%.

Main commodities in Latvia’s exports, at current prices

Commodity (CN code)

I-IX 2007

I-IX 2008

mln lats

as % of total volume

mln lats

as % of total volume

Iron and non-alloy steel (7206-7217)

216.1

7.3

310.9

9.3

Electronic machinery and equipment (85)

151.5

5.1

206.1

6.1

Machinery and mechanical appliances (84)

169.5

5.7

198.9

5.9

Sawn wood(4407)

257.8

8.7

160.8

4.8

Articles of apparel, knitted or crocheted and articles of apparel, not knitted or crocheted (61-62)

118.8

4.0

113.7

3.4

Pharmaceutical products (30)

101.2

3.4

111.3

3.3

Wood in the rough (440310-440399)

125.8

4.3

103.3

3.1

Wood articles (4414-4421)

92.1

3.1

86.6

2.6

Veneer sheets and plywood (4408, 4412)

77.5

2.6

75.0

2.2

Fuel wood (4401)

71.3

2.4

67.2

2.0

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

71.8

2.4

60.3

1.8

Semi-manufactures of plastics (3915-3926)

51.6

1.7

48.3

1.4

Wheat and meslin (1001)

14.3

0.5

47.9

1.4

Paper and paperboard (48)

39.9

1.4

43.6

1.3

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

39.7

1.3

41.8

1.2

Preserved fish (1604-1605)

32.7

1.1

38.8

1.2

Peat, whether or not agglomerated (2703)

32.1

1.1

34.2

1.0

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

17.4

0.6

24.6

0.7

Cheese and curd (0406)

21.2

0.7

22.8

0.7

Vodka (220860)

18.8

0.6

21.1

0.6

In January - September 2008 the most significant part (17.0%) of the Latvia exports took exports to Lithuania, Estonia (13.5%), Russia (10.0%), Germany (8.1%) and Sweden (7.0%).

Import value in January – September 2008 at current prices was 94.4 mln lats or 1.6% less than in January – September 2007, and reached 5688.5 mln lats.

Compared to the corresponding period of previous year, in January – September 2008 the decrease of commodity imports at current prices was recorded in the imports of wood and articles of wood – by 44.9%, of transport vehicles – by 25.6%, of articles of stone, plaster, cement, glassware and ceramic products – by 22.7%, of machinery and mechanical appliances; electrical equipment - by 15.9%, of textiles and textile articles - by 7.9%. However, the imports of mineral products increased by 37.2%, of agricultural and food products - by 17.8%, of products of the chemical and allied industries – by 15.2%, of base metals and articles of base metals – by 8.9%.

Main commodities in Latvia’s imports, at current prices

Commodity (CN code)

I-IX 2007

I-IX 2008

mln lats

as % of total volume

mln lats

as % of total volume

Machinery and mechanical appliances (84)

730.3

12.6

575.4

10.1

Electronic machinery and equipment (85)

445.5

7.7

448.8

7.9

Diesel oil (27101941-27101949)

221.9

3.8

313.8

5.5

Passenger cars (8703)

438.3

7.6

276.9

4.9

Iron and non-alloy steel (7206-7217)

202.7

3.5

223.8

3.9

Pharmaceutical products (30)

193.7

3.3

211.3

3.7

Natural gas (271121)

106.7

1.8

169.8

3.0

Articles of iron or steel (73)

182.9

3.2

160.5

2.8

Motor spirit (27101141-27101159)

128.2

2.2

137.1

2.4

Semi-manufactures and articles of plastics (3915-3926)

148.1

2.6

130.5

2.3

Paper and paperboard, articles of paper (48)

114.6

2.0

112.6

2.0

Articles of apparel, knitted or crocheted and articles of apparel, not knitted or crocheted (61-62)

118.5

2.0

111.2

2.0

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

29.8

0.5

37.1

0.7

Cigarettes (240220)

34.5

0.6

36.2

0.6

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

24.8

0.4

32.4

0.6

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

22.3

0.4

31.0

0.5

Residual fuel oil (27101961-27101969)

17.9

0.3

17.0

0.3

Poultry, chilled or frozen (0207)

15.7

0.3

16.3

0.3

Cement (2523)

15.9

0.3

14.8

0.3

Wine of fresh grapes (220421, 220429)

23.6

0.4

14.7

0.3

In January - September 2008 the most significant part (16.6%) of the Latvia imports took imports from Lithuania, Germany (13.3%), Russia (10.1%), Estonia (7.1%) and Poland (7.0%).

Prepared by the Foreign Trade Statistics Section
Tel. +371 67366694
Anželika Pavlova