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Tuesday 22.08.2017 | Name days: Rudīte, Everts
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Latvia’s exports of goods are up and imports are down

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn the first nine months of 2014, the volume of goods exported at current prices, as compared to the nine months of the previous year, increased by EUR 144.1 million or 2.0%, but volume of imports reduced by EUR 103.2 million or 1.1%.

In the first nine months of this year Latvia has exported goods in amount of EUR 7.5 billion, but imported – of EUR 9.3 billion. Foreign trade balance of goods has improved slightly – share of exports in total foreign trade value has reached 44.6%. In the nine months of 2013 share of exports was 43.8%, according to data of the Central Statistical Bureau of Latvia.

Excluding impact of price changes, in January – September of this year exports volume at constant prices grew by 3.3%, but imports volume reduced by 0.8%.

In the nine months of 2014 the largest amount of goods – more than two fifths of the total value of exports – was exported by enterprises whose main activity is wholesale and retail trade. Compared to January – September of the last year, exports of these enterprises rose by EUR 24.0 million or 0.8%. Increase of exports was also observed in enterprises of construction sector – by EUR 16.3 million or 29.2%.

At the same time exports of enterprises of the second largest sector – manufacturing (almost two fifths of the total value of exports) reduced by EUR 132.7 million or 4.4%.

Also in imports the largest amount of goods – more than three fifths of the total value of imports was imported by enterprises whose main activity is wholesale and retail trade. However, compared to January – September 2013, amount of goods imported by these enterprises shrank by EUR 69.6 million or 1.2%.

In the nine months of 2014, compared to the nine months of the previous year, exports of capital goods has risen by 2.4%, but imports – reduced by 6.1%. The share of these goods in exports comprised 11.5%, but in imports – 12.8%. Capital goods consist of fixed assets, raw materials and other materials foreseen for the further processing.

Ref: 102.109.109.2351


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