Merchandise exports are shown in current FOB values (price of commodity including transportation and insurance costs up to the border of the exporting country), according to the special trade system (without commodity flows from customs warehouses and free economic zones) and indicating the country of ultimate destination.
Data are compiled 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 volume of foreign trade exports includes the following flows of goods:
- goods which were exported for sale abroad,
- goods which were exported for processing abroad, undertaking liabilities regarding re-importation,
- imported goods which were exported abroad after processing,
- reexports, i.e. goods imported to Latvia for consumption which were exported back abroad.