Russia’s share in Latvian exports decreases

12.03.2013

Provisional data of the Central Statistical Bureau show that in January 2013 compared to December of previous year, exports value of goods at current prices decreased by 4.6%, but of imports – by 4.1%.

In January 2013 foreign trade balance slightly declined as exports in total foreign trade dropped to 44.7% (in December 2012 – 44.8%).

Main changes in exports of January 2013 compared to December of previous year:

  • increase of exports of wood and articles of wood comprised 15.8 mln lats or 21.6%,
  • exports of base metals and articles of base metals increased by 13.9 mln lats or 21.2%,
  • exports of vegetation products reduced by 25.3 mln lats or 45.6%,
  • decrease of exports of prepared foodstuffs comprised 18.6 mln lats or 31.1%,

Share of exports to Russia dropped to 7.9% (in December of previous year – 14.2%). The largest fall occurred in exports of prepared foodstuffs – by 18.0 mln lats or 58.3% and in exports of products of the chemical and allied industries – by 10.5 mln lats or 66.6%.

Main changes in imports of January 2013 compared to December of previous year:

  • imports of base metals and articles of base metals increased by 12.4 mln lats or 20.4%,
  • imports of transport vehicles reduced by 19.2 mln lats or 35.7%,
  • decrease of imports of machinery and mechanical appliances; electrical equipment comprised 24.3 mln lats or 18.2%.

 Foreign trade of Latvia, million LVL1

________________

1)  Data on May, June and October 2012 have been revised.

In January 2013 the most significant share in Latvia’s exports had exports to the countries of European Union (71.9%), followed by the exports to CIS countries – 11.3%. Main export partners were Lithuania (15.8% of total export), Estonia (13.8%), Germany (7.9%), Russia (7.9%) and Poland (6.3%).

In January 2013 the most significant share in Latvia’s import had import from the countries of European Union (72.7%), followed by the import from CIS countries – 19.0%. Main import partners were Lithuania (18.2% of total import), Russia (14.7%), Germany (9.3%), Poland (9.0%) and Estonia (7.9%).           

               Changes of main commodities in Latvia’s exports in January 2013, at current prices

 

thousand LVL

% of

total

% (+, -) over

 January 2012

 December 2012

average of previous 12 months

Total

528 814

100

+11.7

-4.6

-8.3

 

wood and articles of wood; wood charcoal

89 038

16.8

+0.8

+21.6

+2.7

 

electrical machinery and equipment

51 246

9.7

+51.7

+3.8

+6.5

 

iron and steel

49 849

9.4

-6.5

+20.6

+2.4

 

mineral fuels, mineral oils and products of their distillation

44 129

8.3

+17.8

+15.4

-7.1

 

machinery and mechanical appliances

24 094

4.6

-1.9

-24.1

-22.4

 

cereals

17 892

3.4

+5.6 times

-57.9

-20.1

 

articles of iron or steel

17 020

3.2

+7.1

+18.2

-7.3

 

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

16 586

3.1

-26.2

-33.3

-37.3

 

beverages, spirits and vinegar

16 519

3.1

+2.4

-51.1

-39.2

Rapid growth in exports of cereals in January 2013, compared to January of previous year, was mostly influenced by increase of exports of wheat and meslin – by 10.0 mln lats or 8.9 times. In its turn, exports of vehicles other than railway or tramway rolling stock, and parts and accessories thereof decreased as exports of cars and other mechanical vehicles reduced by 7.6 mln lats or 68.2%.

Changes of main commodities in Latvia’s imports in January 2013, at current prices

 

thousand LVL

% of

total

% (+, -) over

 January 2012

 December 2012

average of previous 12 months

Total

655 454

100

+3.2

-4.1

-9.9

 

mineral fuels, mineral oils and products of their distillation

133 227

20.3

+9.1

+3.9

+5.2

 

electrical machinery and equipment

58 639

8.9

+15.3

-2.9

-3.3

 

machinery and mechanical appliances

50 514

7.7

-35.3

-30.9

-29.8

 

iron and steel

46 115

7.0

+24.6

+41.9

+13.1

 

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

31 734

4.8

-8.3

-25.0

-37.3

 

plastics and articles thereof

24 448

3.7

+17.6

+5.4

-8.9

 

pharmaceutical products

24 028

3.7

-2.6

-15.7

-1.2

In January 2013 compared to January of previous year, imports of iron and steel increased as imports of flat rolled products of iron or non alloy steel grew significantly – by 5.5 mln lats or 4 times. In its turn, reduction of imports of steam or other vapour generating boilers by 20.4 mln lats or by 99.9% significantly influenced total imports of machinery and mechanical appliances.

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.

 

Prepared by Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
tel.67366604