In November Russia's share in Latvia's exports increases

09.01.2014

Provisional data of the Central Statistical Bureau show that in November 2013, compared to October, exports value of goods at current prices reduced by 6.7%, but imports value of goods by 9.0%. In November foreign trade balance slightly improved as exports in total foreign trade value increased to 47.1% (in October 2013 – 46.5%), see picture:

Latvias foreign trade, in mln euros1

Data source: Central Statistical Bureau of Latvia

Main changes in exports in November, compared to the previous month:

  • exports of food products increased by 15.7 mln euros (11.1 mln lats) or 15.6%,
  • exports of machinery and mechanical appliances; electrical equipment rose by 12.1 mln euros (8.5 mln lats) or 8.8%,
  • exports of vegetable products dropped by 39.8 mln euros (28.0 mln lats) or 43.6%,
  • exports of mineral products decreased by 16.4 mln euros (11.5 mln lats) or 17.6%.

Main changes in imports in November, compared to the previous month:

  • imports of optical instruments and apparatus rose by 4.6 mln euros (3.2 mln lats) or 24.0%,
  • imports of mineral products decreased by 27.2 mln euros (19.1 mln lats) or 14.5%,
  • imports of transport vehicles and equipment fell by 20.5 mln euros (14.4 mln lats) or 25.5%,
  • imports of base metals and articles of base metals dropped by 18.7 mln euros (13.2 mln lats) or 16.9%.

In November the most significant share (69.1%) in Latvia’s exports was taken by the dispatches to the EU countries, followed by the exports to the CIS countries (19.0%). Main export partners were Lithuania (17.5% of total export), Russia (14.1%), Estonia (11.9%), Germany (7.3%) and Poland (6.1%).

Exports share to Russia has grown to 14.1% (in October 2013 - 11.9%). The largest increase was in exports of food products - of 14.4 mln euros (10.1 mln lats) or by 27.8% and in exports of transport vehicles and equipment - of 1.6 mln euros (1.1 mln lats) or by 47.2%.

Changes of main commodities in Latvias exports in November 2013, at current prices

 

thsd euros

thsd lats

% of

total

% (+, -) over

November 2012

October
2013

average of previous 12 months

Total

916 863

644 375

100

-7.7

-6.7

+8.9

 

wood and wood products; wood charcoal

141 538

99 474

15.4

+9.4

-4.2

+7.3

 

electrical machinery and equipment

102 071

71 736

11.1

+6.1

+10.5

+22.9

 

beverages, spirits and vinegar

72 358

50 853

7.9

+37.7

+24.6

+83.1

 

mineral fuels, mineral oils and products of their distillation

72 019

50 615

7.9

+9.0

-16.4

+6.6

 

machinery and mechanical appliances

47 001

33 032

5.1

-16.2

+5.4

+3.4

 

cereals

30 750

21 611

3.4

-71.5

-45.0

-10.8

 

pharmaceutical products

30 456

21 404

3.3

+0.6

-0.9

+29.6

 

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

29 322

20 608

3.2

-29.0

-9.9

-9.5

 

iron and steel

28 617

20 112

3.1

-48.0

+13.1

-38.4

The greatest influence on the rise in exports of beverages, spirits and vinegar in November 2013, as compared to the November 2012, was mostly affected by the increase in exports of spirits of 17.7 mln euros (12.4 mln lats) or by 42.6%.

While exports of cereals reduced rapidly as exports of wheat and meslin decreased by 76.2 mln euros (53.6 mln lats) or by 76.2%.

Whereas the most significant share (79.4%) in Latvia’s imports was occupied by the arrivals from the EU countries, followed by the imports from the CIS countries (11.7%). Main import partners were Lithuania (21.1% of total import), Poland (9.9%), Germany (9.6%), Russia (8.8%) and Estonia (8.0%).

Changes of main commodities in Latvias imports in November 2013, at current prices

 

thsd euros

thsd lats

% of

total

% (+, -) over

November 2012

October
2013

average of previous 12 months

Total

1 028 809

723 052

100

-9.2

-9.0

-1.8

 

mineral fuels, mineral oils and products of their distillation

156 866

110 246

15.2

-8.7

-13.7

-10.0

 

electrical machinery and equipment

111 670

78 482

10.9

-2.3

-4.0

+11.0

 

machinery and mechanical appliances

89 402

62 832

8.7

-13.2

+2.4

-2.9

 

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

55 829

39 237

5.4

-32.4

-28.9

-20.6

 

pharmaceutical products

40 548

28 497

3.9

+5.5

-10.2

+5.4

 

plastics and articles thereof

38 038

26 733

3.7

-3.8

-17.3

-6.6

 

iron and steel

36 836

25 888

3.6

-32.2

-24.0

-15.8

The greatest influence on the rise in imports of pharmaceutical products in November 2013, as compared to the November 2012, was mostly affected by the increase in imports of dressings of 139 thsd euros (98 thsd lats) or by 39.3%.

While diminish in the imports of vehicles other than railway or tramway rolling stock, and parts and accessories thereof was affected by the decline in the imports of passenger cars of 19.2 mln euros (13.5 mln lats) or 56.0%.

More information on Latvia’s foreign trade by month and quarter in country group and commodity group breakdown is available in the CSB database 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 February and August 2013 have been revised.