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Ceturtdiena 22.02.2018 | Name days: Rigonda, Adrians, Ārija
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Latvia's trade in machinery and mechanical appliances increases

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Аuthor: PantherMedia/SCANPIXProvisional data of the Central Statistical Bureau shows that in March 2013, compared to February of this year, exports value of goods at current prices increased by 5.3%, but imports value of goods – grew by 14.0%. In March, foreign trade balance slightly worsened as exports in total foreign trade value dropped to 43.6% (in February of this year – 45.5%).

Main changes in exports in March, compared to February of this year include: exports of products of the chemical and allied industries grew by 11.1 million LVL or 34.7%; exports of wood and articles of wood increased by 6.0 million LVL or 6.8%; exports of vegetable products dropped by 8.8 million LVL or 23.3%.

Main changes in imports in March, compared to February of this year include: imports of mineral products rose by 25.4 million LVL or 21.4%; imports of transport vehicles and associated transport equipment increased by 18.6 million LVL or 52.3%; imports of metals and articles of metals decreased by 4.6 million LVL or 7.1%.

Exports of machinery and mechanical appliances; electrical equipment in March, compared to February, grew by 6.0 million LVL or 7.0% – to Lithuania by 2.4 million LVL or 12.3% and to Czech Republic – by 1.6 million LVL or 2.1 times. In its turn, imports rose by 24.0 million LVL or 21.8% – from Germany by 6.2 million LVL or 38.0%, from Lithuania by 4.1 million LVL or 37.9%, from Netherlands by 2.8 million LVL or 58.7%.

In March the most significant share in Latvia’s export – 71.6% had export to the countries of European Union, followed by the export to CIS countries with 14.4%. Main export partners were Lithuania (16.4% of total export), Estonia (12.9%), Russia (10.0%), Germany (7.2%) and Poland (6.7%).

In its turn the most significant share in Latvia’s import – 76.1% had import from the countries of European Union, followed by the import from CIS countries with 16.0%. Main import partners were Lithuania (17.8% of total import), Germany (12.1%), Russia (11.7%), Poland (9.1%) and Estonia (7.6%).

Rapid growth of exports of electrical machinery and equipment in March 2013, compared to March of previous year, was mostly impacted by the increase of exports of mobile phones – by 10.9 million LVL or 2.9 times. In its turn, exports of land transport vehicles and parts and accessories thereof decreased as exports of cars and other mechanical vehicles dropped by 9.4 million LVL or 70.8%. In March, compared to March of previous year, imports of electrical machinery and equipment rose as imports of mobile phones increased by 9.7 million LVL or 2.6 times. But drop of imports of metal waste and scrap by 7.1 million LVL or 41.0% significantly impacted total imports of iron and steel.

Ref: 102.109.109.7233


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