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In December foreign trade turnover of Latvia was 8.2 % larger than a year ago
In December 2019 the foreign trade turnover of Latvia amounted to EUR 2.4 billion, which at current prices was 8.2 % larger than a year ago, of which the exports value of goods was 3.9 % higher, but imports value of goods – 11.6 % higher.
In November foreign trade turnover of Latvia was 7.2 % smaller than a year ago
In November 2019 the foreign trade turnover of Latvia amounted to EUR 2.39 billion, which at current prices was 7.2 % less than in a year ago, of which the exports value of goods was 6.5 % lower, but imports value of goods – 7.8 % lower.
In October value of goods exported from Latvia was 0.5 % larger than a year ago
In October 2019 the foreign trade turnover of Latvia amounted to EUR 2.56 billion, which at current prices was 7 % less than a year ago, of which the exports value of goods was 0.5 % higher, but imports value of goods was 12.8 % lower.
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International trade in services (Latvijas banka)
Bank of Latvia publishes statistics on trade in services in section Balance of Payments (BOP), International Investment Position (IIP) and International Trade in Services (ITS).
EU data on trade in goods
Discrepancies between Eurostat data and national data may exist due to the application of different concepts and definitions, most notably the application of the general trade system versus the special trade system, the definition of the partner countries for imports (country of origin versus country of consignment) and the way the quasi-transit is handled.
Total exports
CSB of Latvia compiles data in compliance with so-called National principle, which unlike so-called Community principle does not include information on exports of goods, which certain EU Member State sells in certain third country (which is not EU member state) through Latvia, but starting from 2008 it does not include also data on commodity dispatches to certain EU Member State, which through Latvia imports goods from other third country, although in all mentioned cases customs declarations are lodged in Latvia.
Total imports
CSB of Latvia compiles data in compliance with so-called National principle, which unlike so-called Community principle does not include information on imports of goods, which certain EU Member State carries out in certain third country (which is not EU Member State) through Latvia, but starting from 2008 it does not include also data on commodity arrivals from certain EU Member State, which through Latvia exports goods to other third country, although in all mentioned cases customs declarations are lodged in Latvia.
Eurostat publishes extrastat data on trade in goods with non-EU countries that are collected by customs authorities and are based on the records of trade transactions in customs declarations, whereas Intrastat data are directly collected from intra-EU trade operators.