Foreign trade of Latvia in October 2011
In October 2011 the total foreign trade turnover at current prices reached LVL 1 253.4 million – 2.6% or LVL 31.4 million more than a month before and 24.2% or LVL 244.0 million more than in October 2010, according to provisional data of the Central Statistical Bureau.
In October 2011 as compared to the previous month, export growth was mostly affected by increase of LVL 15.1 million or 24.4% in export of machinery and mechanical appliances; electrical equipment and of LVL 9.9 million or 21.2% in export of mineral products. Also import growth was mostly influenced by increase of LVL 18.7 million or 14.8% in import of mineral products, as well as by increase of LVL 14.4 million or 78.5% in import of articles of iron or steel.
In January – October 2011 foreign trade turnover value reached LVL 11 192.1 million – 31.3% or LVL 2 668.4 million more than in the corresponding period of the previous year. Of which export value comprised LVL 4 966.3 million – an increase of 30.3% or LVL 1 153.9 million, whereas import value constituted LVL 6 225.8 million – 32.1% or LVL 1 514.5 million more than a year ago.
| Foreign trade of Latvia, million LVL1 |
|---|
 |
________________
1) Data on April, May and July 2011 have been revised.
Main commodities in Latvia’s foreign trade in October 2011, at current prices
| Export | Import | Foreign trade balance, thousand LVL (+,-) | |||||
thousand LVL | % of total | % (+, -) over October, 2010
| thousand LVL | % of total | % (+, -) over October, 2010
| |||
Total | 556 004 | 100 | +21.4 | 697 433 | 100 | +26.5 | -141 429 | |
Agricultural and food products (I-IV) | 105 040 | 18.9 | +13.4 | 98 696 | 14.2 | +15.9 | +6 344 | |
Live animals and animal products (I) | 24 564 | 4.4 | +21.3 | 21 982 | 3.2 | +8.6 | +2 582 | |
| meat and offal (02) | 3 627 | 0.7 | +29.8 | 8 500 | 1.2 | +36.4 | -4 873 |
| fish (fresh, frozen, smoked) (03) | 4 582 | 0.8 | -12.0 | 6 803 | 1.0 | +1.9 | -2 221 |
| dairy produce, eggs (04) | 12 575 | 2.3 | +22.7 | 5 774 | 0.8 | -14.6 | +6 801 |
Vegetation products (II) | 33 107 | 6.0 | -7.1 | 27 415 | 3.9 | +21.5 | +5 692 | |
| edible fruit and nuts (08) | 3 195 | 0.6 | +79.6 | 6 030 | 0.9 | +18.4 | -2 835 |
| cereals (10) | 12 652 | 2.3 | -44.0 | 6 635 | 1.0 | +23.8 | +6 017 |
| oilseeds (12) | 11 840 | 2.1 | +59.3 | 3 797 | 0.5 | +69.7 | +8 043 |
Prepared foodstuffs (IV) | 45 858 | 8.2 | +29.7 | 41 043 | 5.9 | +7.4 | +4 815 | |
| preparations of meat, or fish (16) | 6 083 | 1.1 | +26.1 | 2 980 | 0.4 | +27.6 | +3 103 |
| miscellaneous edible preparations (incl. coffee, tea, etc.)(21) | 1 426 | 0.3 | -9.8 | 5 076 | 0.7 | -10.9 | -3 650 |
| beverages, spirits and vinegar (22) | 25 788 | 4.6 | +35.3 | 9 593 | 1.4 | +10.8 | +16 195 |
| tobacco and manufactured tobacco substitutes (24) | 1 225 | 0.2 | +30.7 | 1 994 | 0.3 | -9.0 | -769 |
Mineral products (V) 1) | 56 587 | 10.2 | +2.2 times | 145 510 | 20.9 | +68.0 | -88 923 | |
| mineral fuels, mineral oils and products of their distillation (27) | 52 168 | 9.4 | +2.3 times | 142 904 | 20.5 | +68.8 | -90 736 |
Products of the chemical and allied industries (VI) | 39 260 | 7.1 | +23.4 | 54 669 | 7.8 | +9.5 | -15 409 | |
| pharmaceutical products (30) | 17 769 | 3.2 | +7.9 | 23 284 | 3.3 | +12.5 | -5 515 |
Plastics and articles thereof; rubber and articles thereof (VII) | 16 256 | 2.9 | +10.8 | 33 488 | 4.8 | +3.5 | -17 232 | |
| plastics and articles thereof (39) | 11 744 | 2.1 | +9.2 | 23 267 | 3.3 | +2.2 | -11 523 |
Wood and articles of wood; wood charcoal; cork and articles of cork; manufactures of straw, of esparto or of other plaiting materials (IX) | 91 557 | 16.5 | +12.3 | 11 060 | 1.6 | +21.7 | +80 497 | |
| wood and articles of wood; wood charcoal (44) | 91 502 | 16.5 | +12.4 | 10 826 | 1.6 | +21.7 | +80 676 |
Pulp of wood or of other fibrous cellulosic material; paper and paperboard and articles thereof (X) | 12 570 | 2.3 | +29.6 | 17 455 | 2.5 | +11.9 | -4 885 | |
| paper and paperboard; articles of paper pulp, of paper or of paperboard (48) | 7 506 | 1.3 | +35.2 | 15 818 | 2.3 | +13.7 | -8 312 |
| products of the printing industry; manuscripts (49) | 4 422 | 0.8 | +17.6 | 1 504 | 0.2 | -5.7 | +2 918 |
Textiles and textile articles (XI) | 19 969 | 3.6 | +5.3 | 27 121 | 3.9 | +0.3 | -7 152 | |
| knitted or crocheted fabrics (60) | 1 262 | 0.2 | -6.9 | 1 811 | 0.3 | +28.3 | -549 |
| articles of apparel and clothing accessories, knitted or crocheted (61) | 5 747 | 1.0 | +15.8 | 6 416 | 0.9 | -13.0 | -669 |
| articles of apparel and clothing accessories, not knitted or crocheted (62) | 6 478 | 1.2 | +12.5 | 6 909 | 1.0 | -1.1 | -431 |
Base metals and articles of base metals (XV) | 71 448 | 12.9 | +16.5 | 75 713 | 10.9 | +14.4 | -4 265 | |
| iron and steel (72) | 41 686 | 7.5 | +20.4 | 29 681 | 4.3 | -20.2 | +12 005 |
| articles of iron or steel (73) | 18 193 | 3.3 | +29.4 | 32 765 | 4.7 | +2.0 times | -14 572 |
Machinery and mechanical appliances; electrical equipment (XVI) | 77 049 | 13.9 | +18.1 | 114 657 | 16.4 | +22.2 | -37 608 | |
| machinery and mechanical appliances (84) | 29 657 | 5.3 | +10.4 | 64 769 | 9.3 | +59.3 | -35 112 |
| electrical machinery and equipment (85) | 47 391 | 8.5 | +23.5 | 49 889 | 7.2 | -6.1 | -2 498 |
Vehicles, aircraft, vessels and associated transport equipment (XVII) | 31 588 | 5.7 | +19.2 | 62 512 | 9.0 | +43.0 | -30 924 | |
| vehicles other than railway or tramway rolling stock, and parts and accessories thereof (87) | 28 560 | 5.1 | +28.8 | 55 660 | 8.0 | +61.5 | -27 100 |
Miscellaneous manufactured articles (XX) | 14 195 | 2.6 | +15.4 | 15 460 | 2.2 | +16.4 | -1 265 | |
| furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings (94) | 11 400 | 2.1 | +22.3 | 8 188 | 1.2 | +8.4 | +3 212 |
Other goods | 20 485 | 3.7 | +13.6 | 41 092 | 5.9 | +43.2 | -20 607 | |
______________
1) This group includes useful minerals, oil and oil products, natural gas and electricity.
In October 2011, the most significant share (69.8%) in Latvia’s export had export to the countries of the European Union, followed by export to the CIS countries – 14.7%. The main export partners were Lithuania (16.8% of total export), Estonia (12.2%), Russia (11.5%), Germany (7.7%) and Poland (6.5%).
In October 2011, the most significant share (76.1%) in Latvia’s import had import from the countries of the European Union, followed by import from the CIS countries – 12.7%. The main import partners were Lithuania (19.7% of total import), Germany (12.6%), Poland (8.3%), Russia (7.5%) and Estonia (6.7%).
More information on Latvia’s foreign trade by month and quarter, by country group and commodity group is available in the CSB data base section Foreign trade monthly/quarterly data.
Prepared by Foreign Trade Statistics Methodology, Analysis and Dissemination Section
Lilita Laganovska
tel. 67366604
From now on CSB press releases also in Twitter: http://twitter.com/#!/CSB_Latvia