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Exports rise 15.4%, imports grow 13.2% in January-November

 RIGA, Jan 9 - In the first 11 months of last year, as compared with the same period of 2011, the value of Latvia's exports increased 15.4 percent, whereas imports grew 13.2 percent, according to the Central Statistical Bureau's provisional data.

In January-November last year, foreign trade turnover value reached LVL 14.323 billion, an increase of 14.1 percent or LVL 1.772 billion on the corresponding period of 2011.
Exports comprised LVL 6.338 billion in the first 11 months, a rise of 15.4 percent or LVL 843.9 million, while imports amounted to LVL 7.986 billion - 13.2 percent or LVL 928.5 million more than a year ago.

This past November, total foreign trade turnover at current prices comprised LVL 1.456 billion - 4.1 percent or LVL 63 million more than a month before, and 16.3 percent or LVL 204.5 million more than in November 2011.

As compared to October, export value in November of last year increased 1.4 percent and import value decreased 8.7 percent.

In November 2012, the most significant share in Latvia's exports, 67 percent, was made up of exports to the countries of the European Union, followed by exports to CIS countries - 16.1 percent. The main export partners were Lithuania (16.6 percent of total exports), Estonia (12 percent), Russia (11.6 percent), Germany (8.9 percent) and Sweden (4.9 percent).

The most significant share of Latvia's imports, 75.5 percent, was import from the countries of the European Union, followed by imports from CIS countries - 16.3 percent. Main import partners were Lithuania (18.5 percent of total imports), Germany (11.5 percent), Russia (9.2 percent), Poland (8.1 percent) and Estonia (7.5 percent).
leta.lv

09-01-2013
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