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Saturday 24.03.2018 | Name days: Kazimirs, Izidors

Russia’s share in Latvia’s exports increases in November

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUNovember 2013, compared to October, exports value of goods at current prices reduced by 6.7%, but imports value of goods – by 9.0%. In November foreign trade balance slightly improved as exports in total foreign trade value increased to 47.1% (in October 2013 – 46.5%).

Main changes in exports in November, compared to the previous month: exports of food products increased by 15.7 million euros (11.1 million lats) or 15.6%; exports of machinery and mechanical appliances; electrical equipment rose by 12.1 million euros (8.5 million lats) or 8.8%; exports of vegetable products dropped by 39.8 million euros (28.0 million lats) or 43.6%; exports of mineral products decreased by 16.4 million euros (11.5 million lats) or 17.6%, according to data of Central Statistical Bureau of Latvia.

Main changes in imports in November, compared to the previous month: imports of optical instruments and apparatus rose by 4.6 million euros (3.2 million lats) or 24.0%; imports of mineral products decreased by 27.2 million euros (19.1 million lats) or 14.5%; imports of transport vehicles and equipment fell by 20.5 million euros (14.4 million lats) or 25.5%; imports of base metals and articles of base metals dropped by 18.7 million euros (13.2 million lats) or 16.9%.

In November the most significant share (69.1%) in Latvia’s exports was taken by the dispatches to the EU countries, followed by the exports to the CIS countries (19.0%). Main export partners were Lithuania (17.5% of total export), Russia (14.1%), Estonia (11.9%), Germany (7.3%) and Poland (6.1%).

Exports share to Russia has grown to 14.1% (in October 2013 – 11.9%). The largest increase was in exports of food products – of 14.4 million euros (10.1 million lats) or by 27.8% and in exports of transport vehicles and equipment – of 1.6 million euros (1.1 million lats) or by 47.2%.

The greatest influence on the rise in exports of beverages, spirits and vinegar in November 2013, as compared to the November 2012, was mostly affected by the increase in exports of spirits of 17.7 million euros (12.4 million lats) or by 42.6%.

While exports of cereals reduced rapidly as exports of wheat and meslin decreased by 76.2 million euros (53.6 million lats) or by 76.2%.

Whereas the most significant share (79.4%) in Latvia’s imports was occupied by the arrivals from the EU countries, followed by the imports from the CIS countries (11.7%). Main import partners were Lithuania (21.1% of total import), Poland (9.9%), Germany (9.6%), Russia (8.8%) and Estonia (8.0%).

The greatest influence on the rise in imports of pharmaceutical products in November 2013, as compared to the November 2012, was mostly affected by the increase in imports of dressings of 139 thousand euros (98 thousand lats) or by 39.3%.

While diminish in the imports of vehicles other than railway or tramway rolling stock, and parts and accessories thereof was affected by the decline in the imports of passenger cars of 19.2 million euros (13.5 million lats) or 56.0%.


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