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Latvian exports of goods up 9.5% in January-September; imports grow 16.5%
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    Latvian exports of goods up 9.5% in January-September; imports grow 16.5%

    RIGA, Nov 9 (LETA) - During the first nine months of this year Latvia exported EUR 8.255 billion worth of goods, up 9.5 percent or EUR 716 million against the same period last year, while Latvian imports grew 16.5 percent or EUR 1.471 billion to EUR 10.375 billion, according to the latest foreign trade data released today by the Central Statistical Bureau.

    In September 2017, Latvia exported EUR 1.034 billion worth of goods which is the largest monthly amount of exports this year. Latvian exports in September rose 7.9 percent or EUR 76.1 million from August 2017 and 7.7 percent or EUR 73.7 million from September 2016.

    Latvian imports in September this year grew 3.2 percent or EUR 41.1 million from August 2017 to EUR 1.246 billion, which is by 18.4 percent or EUR 194.1 million more than in September 2016.

    Latvia's foreign trade gap widened in September this year as the share of exports in total foreign trade decreased to 45.4 percent from 47.7 percent in September 2016.

    In September 2017, Latvia's main export commodities included wood, articles of wood and wood charcoal, which were exported for EUR 148.718 million, down 1.3 percent year-on-year, and accounted for 14.4 percent of total exports. Exports of electrical machinery and equipment increased 7.3 percent from September 2016 to EUR 104.751 million (10.1 percent of total exports).

    Mineral fuels, mineral oils and products of their distillation prevailed among Latvian imports in September 2017 at EUR 155.38 million (12.5 percent of total imports), soaring 75.9 percent year-on-year. Electrical machinery and equipment were imported for EUR 130.257 million, accounting for 10.5 percent of total imports and showing a 12.7 percent growth from September 2016.

    In September 2017, Latvia's main export partners in trade with the EU countries were Lithuania (16.2 percent of total exports), Estonia (10.6 percent), Germany (7.1 percent) and the United Kingdom (5.1 percent), whereas the main import partners were Lithuania (17.2 percent of total imports), Germany (10.8 percent), Poland (8.7 percent) and Estonia (7.1 percent).

    Russia was Latvia's main partner in trade with third countries; its share in total Latvian exports in September 2017 accounted for 8.9 percent, whereas in imports for 10.5 percent.

    • Published: 09.11.2017 13:51
    • LETA
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