Foreign trade continues growth

Take note – story published 5 years ago

Provisional data of the Central Statistical Bureau show that Latvia's foreign trade continues to experience strong double-digit growth.

In March 2019 the foreign trade turnover of Latvia amounted to EUR 2.46 billion, which at current prices was 11.6 % larger than a year ago, of which the exports value of goods was 12 % higher, but imports value of goods – 11.2 % higher. In March, Latvia exported goods in the amount of EUR 1.09 billion, but imported – in the amount of EUR 1.36 billion. 

Compared to March 2018, foreign trade balance has improved slightly as exports in total foreign trade amount increased from 44.3 % to 44.4 %.

Over the first quarter of this year, the foreign trade turnover of Latvia at current prices reached EUR 6.58 billion – EUR 241.6 million or 3.8 % more than in the corresponding period of 2018. The exports value constituted EUR 3.01 billion (an increase of EUR 117.3 million or 4.1 %), whereas the imports value – EUR 3.57 billion (an upturn of EUR 124.3 million or 3.6 %).

Calendar and seasonally adjusted data show that, compared to March 2018, in March 2019 the exports value at current prices went up by 13 % and the imports value – by 12 %, whereas, compared to the previous month, the exports value increased by 4.2 % and the imports value – by 8.5 %.

Latvia export trade March 2019
Latvia export trade March 2019

The exports value of goods in March 2019 exceeded imports value of goods with 130 countries. It was negative in trade with 40 countries. Lithuania led the pack as both an export and import destination.

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