Foreign trade of Latvia in March 2008
Compared to February 2007, the total foreign trade turnover in current prices in March 2008 reached 1008.1 mln lats – less by 2.3 mln lats or 0.2% than a month before and more by 4.5 mln lats or 0.4% than in March last year, according to Central Statistical Bureau data.
|
Latvia’s foreign trade, in mln lats1 |
|---|
|
|
________________
1) Data on October and December 2007 have been revised.
Main commodities in Latvia’s exports in March 2008, at current prices
|
Total |
% (+, -) over |
EU countries, % of total of the group | ||||
|---|---|---|---|---|---|---|
|
thsd lats |
% of total |
February 2008 |
March 2007 | |||
|
Exports - total |
378 385 |
100 |
+3,8 |
+10,2 |
74,2 | |
|
Agricultural and food products (I-IV) |
54 113 |
14,3 |
-3,6 |
+36,6 |
68,9 | |
|
of which - prepared foodstuffs (IV) |
26 852 |
7,1 |
-4,2 |
+12,6 |
56,2 | |
|
Products of the chemical and allied industries (VI) |
32 855 |
8,7 |
-1,4 |
+17,2 |
66,3 | |
|
Plastics and articles thereof; rubber and articles thereof (VII) |
10 168 |
2,7 |
+20,6 |
-5,8 |
71,6 | |
|
Wood and articles of wood (IX) |
70 020 |
18,5 |
+2,6 |
-9,8 |
91,5 | |
|
Textiles and textile articles (XI) |
22 837 |
6,0 |
-3,9 |
-14,7 |
67,9 | |
|
Base metals and articles of base metals (XV) |
60 622 |
16,0 |
+11,5 |
+16,3 |
77,5 | |
|
Machinery and mechanical appliances; electrical equipment (XVI) |
45 640 |
12,1 |
+6,6 |
+26,3 |
65,0 | |
|
Transport vehicles (XVII) |
32 371 |
8,6 |
+30,9 |
+30,4 |
74,5 | |
|
Miscellaneous manufactured articles; including furniture (XX) |
14 299 |
3,8 |
+0,9 |
-5,1 |
74,7 | |
|
Other goods |
35 460 |
9,4 |
-8,2 |
+10,1 |
66,1 | |
Compared to February, on March 2008 most rapidly increased exports on wood in the rough in current prices - by 32.6%, on iron and non-alloy steel – by 11.3%, on sawn wood – by 10.7%, but significantly decreased exports on paper and paperboard, articles of paper – by 42.9%, on particle board – by 25.6%, on fuel wood – by 14.3%, on non-ferrous metals and articles thereof – by 13.8%, on veneer sheets – 8.1%.
Compared to March 2007, the largest increase in exports was on articles of iron or steel – by 28.3%, on veneer sheets and plywood – by 15.2%, on electronic machinery and equipment – by 13.7%, on pharmaceutical products – by 10.7%, but decrease in exports was on sawn wood – by 33.9%, on wood in the rough – by 20.9%, on iron and non-alloy steel – by 9.3%.
Main commodities in Latvia’s imports in March 2008, at current prices
|
Total |
% (+, -) over |
EU countries, % of total of the group | ||||
|---|---|---|---|---|---|---|
|
thsd lats |
% of total |
February 2008 |
March 2007 | |||
|
Imports - total |
629 696 |
100 |
-2,5 |
-4,6 |
79,2 | |
|
Agricultural and food products (I-IV) |
89 000 |
14,1 |
+8,0 |
+23,4 |
88,2 | |
|
of which - prepared foodstuffs (IV) |
41 352 |
6,6 |
-1,1 |
+7,1 |
87,6 | |
|
Mineral products (V) 1) |
78 424 |
12,5 |
-10,2 |
+22,0 |
49,6 | |
|
Products of the chemical and allied industries (VI) |
65 729 |
10,4 |
+6,5 |
+4,7 |
83,5 | |
|
Plastics and articles thereof; rubber and articles thereof (VII) |
33 379 |
5,3 |
+15,6 |
+11,0 |
88,6 | |
|
Wood and articles of wood (IX) |
13 747 |
2,2 |
-19,8 |
-48,9 |
54,0 | |
|
Textiles and textile articles (XI) |
29 259 |
4,6 |
+0,5 |
-8,9 |
83,7 | |
|
Base metals and articles of base metals (XV) |
58 584 |
9,3 |
-7,8 |
-10,0 |
64,3 | |
|
Machinery and mechanical appliances; electrical equipment (XVI) |
109 394 |
17,4 |
-8,5 |
-15,6 |
84,5 | |
|
Transport vehicles (XVII) |
80 430 |
12,8 |
-8,3 |
-18,5 |
92,6 | |
|
Miscellaneous manufactured articles; including furniture (XX) |
19 361 |
3,1 |
+0,4 |
-12,1 |
80,9 | |
|
Other goods |
52 389 |
8,3 |
+6,6 |
-7,4 |
84,7 | |
______________
¹) This group includes useful minerals, oil and oil products, natural gas and electricity.
In March 2008, compared to the previous month, the imports of sawn wood at current prices decreased – by 28.1%, of machinery and mechanical appliances – by 18.5%, of iron and non-alloy steel – by 13.4%, of motor spirits – by 11.5%, however, the increase in imports was on pharmaceutical products – by 23.2%, on passenger cars – 18.0%, on electrical machinery and equipment – by 7.6%, on diesel oil – by 6.9%.
Compared to March 2007 the largest imports decrease was on sawn wood – by 62.5%, on passenger cars – by 28.1%, on machinery and mechanical appliances – by 28.1%, on iron and non-alloy steel – by 24.7%, however, increase was on imports of motor spirits – by 25.3%, of natural gas – by 24.4% and of diesel oil – by 14.3%.
Main partners of Latvia’s foreign trade (at current prices)
|
Groups of countries, countries |
March 2008 |
February 2008 |
March 2007 | |||||
|---|---|---|---|---|---|---|---|---|
|
thsd lats |
% of total |
thsd lats |
% of total |
thsd lats |
% of total | |||
|
Exports - total |
378 385 |
100 |
364 597 |
100 |
343 236 |
100 | ||
|
EU countries |
280 852 |
74,2 |
279 886 |
76,8 |
259 556 |
75,6 | ||
|
CIS |
59 370 |
15,7 |
54 773 |
15,0 |
50 560 |
14,7 | ||
|
Other countries |
38 163 |
10,1 |
29 938 |
8,2 |
33 120 |
9,6 | ||
|
Main exports partners: |
||||||||
|
Lithuania |
62 957 |
16,6 |
61 844 |
17,0 |
49 763 |
14,5 | ||
|
Estonia |
48 455 |
12,8 |
46 316 |
12,7 |
43 879 |
12,8 | ||
|
Russia |
42 189 |
11,1 |
37 344 |
10,2 |
31 084 |
9,1 | ||
|
Germany |
29 174 |
7,7 |
31 504 |
8,6 |
30 777 |
9,0 | ||
|
Sweden |
24 312 |
6,4 |
24 613 |
6,8 |
24 278 |
7,1 | ||
|
Great Britain |
17 154 |
4,5 |
15 388 |
4,2 |
26 650 |
7,8 | ||
|
Poland |
15 724 |
4,2 |
16 526 |
4,5 |
18 275 |
5,3 | ||
|
Imports - total |
629 696 |
100 |
645 808 |
100 |
660 361 |
100 | ||
|
|
EU countries |
498 419 |
79,2 |
502 316 |
77,8 |
511 365 |
77,4 | |
|
|
CIS |
81 439 |
12,9 |
91 555 |
14,2 |
90 905 |
13,8 | |
|
|
Other countries |
49 838 |
7,9 |
51 937 |
8,0 |
58 091 |
8,8 | |
|
Main imports partners: |
||||||||
|
Germany |
94 700 |
15,0 |
96 358 |
14,9 |
102 194 |
15,5 | ||
|
Lithuania |
90 957 |
14,4 |
95 468 |
14,8 |
85 585 |
13,0 | ||
|
Russia |
50 934 |
8,1 |
60 393 |
9,4 |
58 520 |
8,9 | ||
|
Estonia |
50 915 |
8,1 |
47 607 |
7,4 |
54 980 |
8,3 | ||
|
Poland |
43 582 |
6,9 |
46 251 |
7,2 |
46 253 |
7,0 | ||
|
Sweden |
36 024 |
5,7 |
34 209 |
5,3 |
31 907 |
4,8 | ||
|
Finland |
32 170 |
5,1 |
38 010 |
5,9 |
32 758 |
5,0 | ||
Total foreign trade turnover at current prices in January – March 2008 was more by 8.1% or 218.8 mln lats than in the corresponding period of previous year, and its value reached 2926.0 mln lats.
Foreign trade of Latvia in January - March 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 |
1074028 |
100 |
76,7 |
1852007 |
100 |
76,6 | |
|
Agricultural and food products (I-IV) |
165 741 |
15,4 |
71,8 |
245 206 |
13,2 |
86,8 | |
|
Live animals and animal products (I) |
39 326 |
3,7 |
83,9 |
51 617 |
2,8 |
93,6 | |
|
Vegetation products (II) |
43 542 |
4,1 |
89,7 |
63 523 |
3,4 |
78,4 | |
|
Fats and oils (III) |
2 324 |
0,2 |
96,9 |
9 874 |
0,5 |
97,9 | |
|
Prepared foodstuffs (IV) |
80 549 |
7,5 |
55,6 |
120 192 |
6,5 |
87,4 | |
|
Mineral products (V) 1) |
40 781 |
3,8 |
61,5 |
256 618 |
13,9 |
45,0 | |
|
Products of the chemical and allied industries (VI) |
90 320 |
8,4 |
68,4 |
179 491 |
9,7 |
79,1 | |
|
Plastics and articles thereof; rubber and articles thereof (VII) |
27 358 |
2,5 |
70,6 |
87 386 |
4,7 |
85,8 | |
|
Raw hides, leather, furskins and articles thereof (VIII) |
5 136 |
0,5 |
88,7 |
6 518 |
0,4 |
83,8 | |
|
Wood and articles of wood (IX) |
208 571 |
19,4 |
90,4 |
45 953 |
2,5 |
52,8 | |
|
Pulp of wood; paper and paperboard (X) |
21 265 |
2,0 |
83,9 |
46 106 |
2,5 |
85,7 | |
|
Textiles and textile articles (XI) |
67 618 |
6,3 |
67,9 |
83 646 |
4,5 |
83,3 | |
|
Footwear, headgear, umbrellas and other articles (XII) |
3 545 |
0,3 |
79,9 |
20 204 |
1,1 |
85,9 | |
|
Articles of stone, plaster, cement, glassware and ceramic products (XIII) |
21 578 |
2,0 |
78,5 |
37 785 |
2,0 |
87,7 | |
|
Precious, semiprecious stone, precious metals, metals clad with precious metal, articles thereof (XIV) |
2 428 |
0,2 |
81,3 |
7 531 |
0,4 |
49,9 | |
|
Base metals and articles of base metals (XV) |
162 982 |
15,2 |
82,9 |
179 529 |
9,7 |
60,3 | |
|
Machinery and mechanical appliances; electrical equipment (XVI) |
122 845 |
11,4 |
67,0 |
329 813 |
17,8 |
84,4 | |
|
Transport vehicles (XVII) |
80 064 |
7,5 |
81,2 |
240 991 |
13,0 |
93,8 | |
|
Optical instruments and apparatus (inc. medical); clocks and watches; musical instruments (XVIII) |
10 425 |
1,0 |
45,7 |
28 576 |
1,5 |
81,1 | |
|
Arms and ammunition (XIX) |
11 |
0,0 |
- |
1 489 |
0,1 |
84,4 | |
|
Miscellaneous manufactured articles; including furniture (XX) |
42 335 |
3,9 |
74,4 |
55 032 |
3,0 |
78,4 | |
|
Works of art, collectors pieces and antiques (XXI) |
8 |
0,0 |
- |
133 |
0,0 |
50,4 | |
|
Other goods |
1 013 |
0,1 |
77,0 |
- |
- |
- | |
________________
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 monthly/quarterly data.
Prepared by the Foreign Trade Statistics Section
Lilita Laganovska, tel. 7366604