In September, notable quantity of cereals was exported to Iran

11.11.2013

Provisional data of the Central Statistical Bureau of Latvia show that, in comparison with August, exports value of goods at current prices in September 2013 has grown by 9.8%, while imports value has risen by 3.7%. As exports in the total foreign trade value went up to 45.8%, foreign trade balance in September improved slightly (in August 2013 the number comprised 44.4%, see the figure below).

Latvia’s foreign trade, million LVL1

Data source: Central Statistical Bureau of Latvia

Compared to August, exports of vegetable products in September grew by LVL 27.9 million (EUR 39.7 million), i.e., 2.5 times. The greatest pressure on the exports of vegetable products was applied by the rise in the exports of wheat and meslin – of LVL 23.1 million (EUR 32.8 million), i.e., 14.7 times. The largest part of wheat and meslin was exported to Iran – LVL 15.2 million (EUR 21.7 million), Saudi Arabia – LVL 4.2 million (EUR 6.0 million), and Sweden – LVL 1.8 million (EUR 2.5 million).

In comparison with August, the most important changes in exports in September 2013 were following:

  • exports of mineral products rose by LVL 13.0 million (EUR 18.5 million) or by 23.4%;
  • exports of base metals and articles of base metals increased by LVL 12.1 million (EUR 17.3 million) or by 21.5%;
  • exports of chemical and allied industries went up by LVL 6.8 million (EUR 9.6 million) or by 18.5%;
  • exports of machinery and mechanical appliances; electrical equipment dropped by LVL 3.2 million (EUR 4.6 million) or by 3.7%.

Compared to August, the greatest changes in imports in September of this year were following:

  • imports of mineral products grew by LVL 11.2 million (EUR 16.0 million) or by 8.9%;
  • imports of motor vehicles and parts and accessories thereof increased by LVL 8.5 million (EUR 12.1 million) or by 19.4%;
  • imports of machinery and mechanical appliances; electrical equipment rose by LVL 8.1 million (EUR 11.5 million) or by 6.1%;
  • imports of vegetable products declined by LVL 5.6 million (EUR 7.9 million) or by 18.6%.

In September 2013, the most significant share (70.4%) in Latvia’s exports was taken by the dispatches to the EU, followed by the exports to the CIS countries (15.5%). Main export partners were Lithuania (18.4% of total export), Estonia (12.2%), Russia (11.0%), Germany (7.0%) and Poland (6.3%).

Whereas the most significant share in Latvia’s imports was occupied by the arrivals from the EU countries (82.5%), followed by the imports from CIS countries (8.8%). Major import partners were Lithuania (22.9% of total import), Germany (11.0%), Poland (9.9%), Estonia (8.1%) and Russia (6.2%).

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

 

thousand LVL

thousand EUR*

% of

total

% (+, -) over

September 2012

August 2013.

average of previous 12 months

Total

637 267

906 749

100

-2.3

+9.8

+7.5

 

wood and articles of wood; wood charcoal

100 059

142 371

15.7

+25.7

-2.5

+10.7

 

mineral fuels, mineral oils and products of their distillation

63 894

90 913

10.0

+49.1

+24.7

+38.9

 

electrical machinery and equipment

56 090

79 808

8.8

+12.2

+3.1

-3.2

 

iron and steel

33 557

47 747

5.3

-41.3

+63.2

-8.3

 

beverages, spirits and vinegar

32 781

46 644

5.1

+1.4

+5.2

+17.8

 

machinery and mechanical appliances

28 765

40 929

4.5

-12.4

-14.6

-11.6

 

cereals

27 400

38 986

4.3

-53.8

+7.2 times

+0.4

 

articles of iron or steel

21 381

30 423

3.4

+19.5

+3.7

+21.9

 

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

20 243

28 803

3.2

-21.8

+1.6

-13.5

 

dairy produce, eggs, natural honey

18 929

26 933

3.0

+29.8

+7.5

+29.3

The greatest influence on the rise in exports of mineral products in September 2013, as compared to the September 2012, was applied by the increase in exports of diesel oil of LVL 22.7 million (EUR 32.3 million) or 2.5 times.In September, the largest volume of diesel oil was exported to Lithuania – LVL 20.0 million (EUR 28.5 million) and to Poland – LVL 17.7 million (EUR 25.2 million). Whereas, due to the drop in wheat and meslin exports of LVL 32.3 million (EUR 46.0 million) or 56.6%, the exports of cereals reduced.

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

 

thousand LVL

thousand EUR

% of

total

% (+, -) over

September 2012

August 2013

average of previous 12 months

Total

754 583

1 073 674

100

+0.8

+3.7

+2.6

 

mineral fuels, mineral oils and products of their distillation

132 123

187 994

17.5

-1.4

+10.9

+7.1

 

electrical machinery and equipment

81 444

115 884

10.8

+32.0

+15.2

+18.3

 

machinery and mechanical appliances

58 442

83 155

7.7

-18.6

-4.4

-11.8

 

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

47 012

66 892

6.2

+0.3

+50.3

-3.4

 

plastics and articles thereof

28 108

39 994

3.7

+2.6

-8.3

-1.4

 

pharmaceutical products

27 083

38 536

3.6

+13.1

+19.4

+5.0

 

iron and steel

25 752

36 642

3.4

-37.9

-16.7

-22.1

 

articles of iron or steel

23 803

33 868

3.2

+18.5

+16.4

+26.5

Due to the rise in imports of mobile phones of LVL 5.1 million (EUR 7.2 million) or 42.8%, the imports of electrical machinery and equipment in September 2013 increased, as compared to September 2012. While diminish in the imports of articles of iron and steel was affected by the decline in the imports of iron waste and scrap of LVL 16.5 million (EUR 23.5 million) or 88.1%.

More information on Latvia’s foreign trade in breakdown by months and quarters as well as by country groups and commodity groups is available in the CSB database.

*Data were recalculated into euro basing on the fixed exchange rate 0.702804.

 

More information:
Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
Tel. +371 67366604



1 Data on June 2013 have been revised.