Foreign trade of Latvia in February 2008
Compared to January 2008, the total foreign trade turnover in current prices in February 2008 reached 1010.4 mln lats – more by 102.9 mln lats or 11.3% than a month before and more by 147.7 mln lats or 17.1% than in February last year, according to Central Statistical Bureau data.
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Latvia’s foreign trade, in mln lats1 |
|---|
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________________
1) Data on August, September, November 2007 and January 2008 have been revised.
Main commodities in Latvia’s exports in February 2008, at current prices
|
Total |
% (+, -) over |
EU countries, | ||||
|---|---|---|---|---|---|---|
|
thsd |
% of |
January |
February | |||
|
Exports - total |
364 597 |
100 |
+10,1 |
+26,7 |
76,8 | |
|
Agricultural and food products (I-IV) |
56 153 |
15,4 |
+1,2 |
+66,0 |
71,2 | |
|
of which - prepared foodstuffs (IV) |
28 040 |
7,7 |
+9,3 |
+46,0 |
54,3 | |
|
Products of the chemical and allied industries (VI) |
33 317 |
9,1 |
+38,0 |
+52,4 |
64,8 | |
|
Plastics and articles thereof; rubber and articles thereof (VII) |
8 431 |
2,3 |
-3,8 |
-1,5 |
67,3 | |
|
Wood and articles of wood (IX) |
68 219 |
18,7 |
-3,0 |
+5,5 |
90,2 | |
|
Textiles and textile articles (XI) |
23 762 |
6,5 |
+13,1 |
-3,6 |
67,8 | |
|
Base metals and articles of base metals (XV) |
54 372 |
14,9 |
+13,3 |
+19,3 |
86,2 | |
|
Machinery and mechanical appliances; electrical equipment (XVI) |
42 816 |
11,7 |
+24,5 |
+46,7 |
67,7 | |
|
Transport vehicles (XVII) |
24 735 |
6,8 |
+7,7 |
+27,6 |
84,1 | |
|
Miscellaneous manufactured articles; including furniture (XX) |
14 167 |
3,9 |
+2,1 |
+22,5 |
72,1 | |
|
Other goods |
38 625 |
10,6 |
+20,3 |
+35,9 |
72,9 | |
In February 2008, in comparison with January 2008, the exports of pharmaceutical products at current prices soared up by 86.7%, of articles of iron or steel – by 28.6%, of sawn wood – by 10.2%. However, the exports of wood in the rough decreased by 46.2%, of iron and non-alloy steel – by 13.1%, and of furniture, including mattress and articles of bedding and similar furnishing – by 6.8%.
Compared to February 2007, the largest increase in exports was on veneer sheets and plywood – by 62.6%, on non-ferrous metals and articles thereof – by 47.5%, on electrical machinery and equipment – by 43.4%, however, the decrease in exports was on sawn wood – by 26.6%, on wood in the rough – by 24.6%, on iron and non-alloy steel – by 3.8%.
Main commodities in Latvia’s imports in February 2008, at current prices
|
Total |
% (+, -) over |
EU countries, | |||
|---|---|---|---|---|---|
|
thsd |
% of |
January |
February | ||
|
Imports - total |
645 808 |
100 |
+12,0 |
+12,3 |
77,8 |
|
Agricultural and food products (I-IV) |
82 422 |
12,8 |
+11,7 |
+33,0 |
86,2 |
|
of which - prepared foodstuffs (IV) |
41 800 |
6,5 |
+12,8 |
+18,4 |
87,6 |
|
Mineral products (V) 1) |
87 295 |
13,5 |
-4,0 |
+40,7 |
49,3 |
|
Products of the chemical and allied industries (VI) |
61 712 |
9,6 |
+18,6 |
+18,9 |
77,6 |
|
Plastics and articles thereof; rubber and articles thereof (VII) |
28 874 |
4,5 |
+14,9 |
+10,1 |
85,7 |
|
Wood and articles of wood (IX) |
17 132 |
2,7 |
+13,7 |
-15,2 |
55,5 |
|
Textiles and textile articles (XI) |
29 124 |
4,5 |
+15,3 |
+6,9 |
83,6 |
|
Base metals and articles of base metals (XV) |
63 567 |
9,8 |
+10,8 |
+14,9 |
59,9 |
|
Machinery and mechanical appliances; electrical equipment (XVI) |
119 543 |
18,5 |
+18,5 |
+0,7 |
86,4 |
|
Transport vehicles (XVII) |
87 694 |
13,6 |
+20,3 |
+3,4 |
95,3 |
|
Miscellaneous manufactured articles; including furniture (XX) |
19 291 |
3,0 |
+17,8 |
+8,5 |
78,5 |
|
Other goods |
49 154 |
7,6 |
+5,0 |
+0,9 |
84,8 |
¹) This group includes useful minerals, oil and oil products, natural gas and electricity.
Compared to January 2008, in February 2008 the imports of machinery and mechanical appliances at current prices soared up by 32.3%, of motor spirit – by 32.2%, of iron and non-alloy steel – by 15.3%, of pharmaceutical products – by 14.4%, however, the decrease in imports was on diesel oil – by 21.5%, on natural gas – by 17.2%, and on passenger cars – by 13.8%.
Compared to February 2007 the largest imports increase was on diesel oil – by 62.0%, on motor spirits – by 42.5% and on iron and non-alloy steel – by 26.4%. However, significant decrease was on imports of passenger cars – by 36.7%, of pharmaceutical products – by 20.1% and of natural gas – by 13.9%.
Main partners of Latvia’s foreign trade (at current prices)
|
Groups of countries, countries |
February 2008 |
January 2008 |
February 2007 | |||||
|---|---|---|---|---|---|---|---|---|
|
thsd lats |
% of total |
thsd lats |
% of total |
thsd lats |
% of total | |||
|
Exports - total |
364 597 |
100 |
331 046 |
100 |
287 743 |
100 | ||
|
EU countries, |
279 886 |
76,8 |
262 638 |
79,3 |
220 036 |
76,5 | ||
|
CIS |
54 773 |
15,0 |
39 123 |
11,8 |
40 204 |
14,0 | ||
|
Other countries |
29 938 |
8,2 |
29 285 |
8,8 |
27 503 |
9,6 | ||
|
Main exports partners: |
||||||||
|
Lithuania |
61 844 |
17,0 |
54 421 |
16,4 |
43 673 |
15,2 | ||
|
Estonia |
46 316 |
12,7 |
44 092 |
13,3 |
39 811 |
13,8 | ||
|
Russia |
37 344 |
10,2 |
25 957 |
7,8 |
25 237 |
8,8 | ||
|
Germany |
31 504 |
8,6 |
40 044 |
12,1 |
23 624 |
8,2 | ||
|
Sweden |
24 613 |
6,8 |
28 463 |
8,6 |
21 439 |
7,5 | ||
|
Denmark |
20 458 |
5,6 |
15 764 |
4,8 |
12 245 |
4,3 | ||
|
Poland |
16 526 |
4,5 |
14 227 |
4,3 |
9 801 |
3,4 | ||
|
Imports - total |
645 808 |
100 |
576 503 |
100 |
574 979 |
100 | ||
|
EU countries, |
502 316 |
77,8 |
418 082 |
72,5 |
436 720 |
76,0 | ||
|
CIS |
91 555 |
14,2 |
102 482 |
17,8 |
82 710 |
14,4 | ||
|
Other countries |
51 937 |
8,0 |
55 939 |
9,7 |
55 549 |
9,7 | ||
|
Main imports partners: |
||||||||
|
Germany |
96 358 |
14,9 |
68 472 |
11,9 |
100 072 |
17,4 | ||
|
Lithuania |
95 468 |
14,8 |
85 686 |
14,9 |
66 282 |
11,5 | ||
|
Russia |
60 393 |
9,4 |
69 264 |
12,0 |
58 844 |
10,2 | ||
|
Estonia |
47 607 |
7,4 |
44 667 |
7,7 |
43 824 |
7,6 | ||
|
Poland |
46 251 |
7,2 |
40 975 |
7,1 |
38 783 |
6,7 | ||
|
Finland |
38 010 |
5,9 |
32 138 |
5,6 |
31 502 |
5,5 | ||
|
Sweden |
34 209 |
5,3 |
30 090 |
5,2 |
28 369 |
4,9 | ||
Total foreign trade turnover at current prices in January – February 2008 was more by 12.6% or 214.4 mln lats than in the corresponding period of previous year, and its value reached 1918.0 mln lats.
Foreign trade of Latvia in January - February 2008, at current prices
|
Exports |
Imports | ||||||
|---|---|---|---|---|---|---|---|
|
Total |
EU countries,% of total of the group |
Total |
EU countries,% of total of the group | ||||
|
thsd lats |
% of total |
thsd lats |
% of total | ||||
|
Total |
695643 |
100 |
78,0 |
1222311 |
100 |
75,3 | |
|
Agricultural and food products (I-IV) |
111 629 |
16,0 |
73,3 |
156 206 |
12,8 |
86,0 | |
|
Live animals and animal products (I) |
25 406 |
3,7 |
85,8 |
32 154 |
2,6 |
93,0 | |
|
Vegetation products (II) |
30 925 |
4,4 |
93,0 |
38 795 |
3,2 |
75,4 | |
|
Fats and oils (III) |
1 601 |
0,2 |
97,3 |
6 416 |
0,5 |
98,9 | |
|
Prepared foodstuffs (IV) |
53 697 |
7,7 |
55,2 |
78 841 |
6,5 |
87,2 | |
|
Mineral products (V) 1) |
25 848 |
3,7 |
62,6 |
178 194 |
14,6 |
43,0 | |
|
Products of the chemical and allied industries (VI) |
57 466 |
8,3 |
69,5 |
113 762 |
9,3 |
76,5 | |
|
Plastics and articles thereof; rubber and articles thereof (VII) |
17 191 |
2,5 |
70,0 |
54 007 |
4,4 |
84,1 | |
|
Raw hides, leather, furskins and articles thereof (VIII) |
4 336 |
0,6 |
93,0 |
4 189 |
0,3 |
85,3 | |
|
Wood and articles of wood (IX) |
138 551 |
19,9 |
89,9 |
32 206 |
2,6 |
52,3 | |
|
Pulp of wood; paper and paperboard (X) |
15 539 |
2,2 |
85,0 |
31 335 |
2,6 |
86,3 | |
|
Textiles and textile articles (XI) |
44 781 |
6,4 |
67,9 |
54 387 |
4,4 |
83,1 | |
|
Footwear, headgear, umbrellas and other articles (XII) |
2 316 |
0,3 |
83,4 |
11 617 |
1,0 |
85,4 | |
|
Articles of stone, plaster, cement, glassware and ceramic products (XIII) |
13 800 |
2,0 |
79,3 |
25 560 |
2,1 |
87,9 | |
|
Precious, semiprecious stone, precious metals, metals clad with precious metal, articles thereof (XIII) |
1 711 |
0,2 |
81,2 |
5 039 |
0,4 |
41,3 | |
|
Base metals and articles of base metals (XV) |
102 360 |
14,7 |
86,1 |
120 945 |
9,9 |
58,4 | |
|
Machinery and mechanical appliances; electrical equipment (XVI) |
77 205 |
11,1 |
68,2 |
220 419 |
18,0 |
84,3 | |
|
Transport vehicles (XVII) |
47 693 |
6,9 |
85,8 |
160 560 |
13,1 |
94,4 | |
|
Optical instruments and apparatus (inc. medical); clocks and watches; musical instruments (XVIII) |
6 312 |
0,9 |
47,1 |
17 489 |
1,4 |
79,0 | |
|
Arms and ammunition (XIX) |
10 |
0,0 |
- |
610 |
0,0 |
70,2 | |
|
Miscellaneous manufactured articles; including furniture (XX) |
28 036 |
4,0 |
74,2 |
35 672 |
2,9 |
77,0 | |
|
Works of art, collectors pieces and antiques (XXI) |
5 |
0,0 |
- |
115 |
0,0 |
53,0 | |
|
Other goods |
856 |
0,1 |
80,7 |
- |
- |
- | |
________________
¹) This group includes useful minerals, oil and oil products, natural gas and electricity.
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.
Prepared by the Foreign Trade Statistics Section
Lilita Laganovska, tel. 7366604