Analytics, Baltic Export, Foreign trade , Latvia
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Foreign trade volume in Latvia increased of by 14.5% in January – June
Print versionAs the export share in total foreign trade volume increased up to 45.1% (in January – June 2009 – 42.0%) in January – June 2010 improvement of foreign trade balance was observed.
 |
| Latvia’s foreign trade at current prices by quarters, mln LVL1 |
1 Data on 2nd, 3rd and 4th quarters of 2009 and 1st quarter of 2010 have been revised.
In the result of commodity price changes the export volume (at constant prices), if compared to 2009, in January – June 2010 grew by 18.2%, but import volume at the same time increased by 7.4 %.
Volume changes of foreign trade of Latvia; at constant prices2
|
Quarters of 2010 |
Export, % (+, –) over |
Import, % (+, –) over | ||
|
previous quarter |
corresponding quarter of previous year |
previous quarter |
corresponding quarter of previous year | |
|
1st quarter |
-9.7 |
+15.5 |
-6.4 |
+0.3 |
|
2nd quarter |
+13.1 |
+20.3 |
+9.6 |
+14.9 |
2 Data on 1st quarter of 2010 have been revised.
Export and import of Latvia according to BEC3 classification, at current prices
|
Goods |
Export |
Import | ||||||
|
January – June 2009 |
January – June 2010 |
January – June 2009 |
January – June 2010 | |||||
|
mln LVL |
as % of total volume |
mln LVL |
as % of total volume |
mln LVL |
as % of total volume |
mln LVL |
as % of total volume | |
|
Total |
1 674.0 |
100 |
2 057.9 |
100 |
2 311.8 |
100 |
2 504.1 |
100 |
|
Capital goods |
176.4 |
10.5 |
164.8 |
8.0 |
261.1 |
11.3 |
214.9 |
8.6 |
|
Goods of intermediate consumption |
940.1 |
56.2 |
1 163.2 |
56.5 |
1067.5 |
46.2 |
1 177.9 |
47.0 |
|
Consumer goods |
437.4 |
26.1 |
501.0 |
24.4 |
718.8 |
31.1 |
703.6 |
28.1 |
|
Other goods |
58.7 |
3.5 |
167.5 |
8.1 |
161.2 |
7.0 |
304.3 |
12.2 |
|
Passenger cars4 |
52.8 |
3.2 |
57.4 |
2.8 |
53.4 |
2.3 |
55.7 |
2.2 |
|
Automotive fuel 4 |
8.6 |
0.5 |
4.0 |
0.2 |
49.8 |
2.2 |
47.7 |
1.9 |
3 Broad Economic Categories classification.
4 Those commodities are included in several categories of BEC.
According to BEC classification, exported and imported goods can be grouped in categories by possible kind of their utilisation. Capital goods consist of fixed assets, goods of intermediate consumption and other materials envisaged for the further processing. Goods envisaged for the needs of population are considered to be consumer goods. Other goods not included in the mentioned categories (e.g., army equipment etc. specific goods) are included in the category “other goods”.
Structure of foreign trade of Latvia according to economic activity of enterprises5 in January – June 2010; at current prices
|
Exporters/importers by main kind of their economic activity |
Export |
Import |
Foreign trade balance, mln lats (+,-) | |||
|
mln LVL |
as % of total volume |
mln LVL |
as % of total volume | |||
|
Total |
2 057.9 |
100 |
2 504.1 |
100 |
-446.3 | |
|
Agriculture, forestry and fishing |
56.0 |
2.7 |
16.3 |
0.7 |
+39.7 | |
|
Manufacturing |
878.5 |
42.7 |
418.7 |
16.7 |
+459.8 | |
|
|
of which: |
|
|
|
|
|
|
|
manufacture of food products, beverages and tobacco |
110.0 |
5.3 |
94.3 |
3.8 |
+15.6 |
|
|
manufacture of textiles, apparel |
55.0 |
2.7 |
33.1 |
1.3 |
+21.9 |
|
|
manufacture of wood and paper products; printing |
288.9 |
14.0 |
55.9 |
2.2 |
+233.0 |
|
|
manufacture of chemicals and chemical products; manufacture of pharmaceuticals, medical chemical and botanical products |
73.4 |
3.6 |
31.9 |
1.3 |
+41.6 |
|
|
manufacture of rubber and plastics products, and other non-metallic mineral products |
55.7 |
2.7 |
30.5 |
1.2 |
+25.2 |
|
|
manufacture of basic metals and fabricated metal products |
146.4 |
7.1 |
80.4 |
3.2 |
+66.0 |
|
|
manufacture of computer, electronic and optical products; manufacture of electrical equipment |
52.7 |
2.6 |
30.2 |
1.2 |
+22.5 |
|
|
manufacture of transport equipment |
29.2 |
1.4 |
20.7 |
0.8 |
+8.5 |
|
|
manufacture of furniture |
26.6 |
1.3 |
9.7 |
0.4 |
+16.9 |
|
|
other manufacturing sectors |
40.5 |
2.0 |
32.0 |
1.3 |
+8.5 |
|
Electricity, gas, steam and air conditioning supply |
26.9 |
1.3 |
141.6 |
5.7 |
-114.7 | |
|
Construction |
18.0 |
0.9 |
26.6 |
1.1 |
-8.5 | |
|
Wholesale and retail trade; repair of motor vehicles and motorcycles |
710.3 |
34.5 |
1 395.3 |
55.7 |
-684.9 | |
|
Transport and storage |
53.6 |
2.6 |
28.2 |
1.1 |
+25.5 | |
|
Other sections; without breakdown by sections |
314.5 |
15.3 |
477.5 |
19.1 |
-163.0 | |
5 According to NACE Rev. 2 classification.
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