Latvia's foreign trade continued to grow April

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Provisional data released June 11 by the Central Statistical Bureau (CSB) show that in April 2018 the foreign trade turnover of Latvia amounted to EUR 2.13 billion, which at current prices was 13.0 % more than in April 2017.

The export value of goods was 15.3 % higher and import value of goods was 11.0 % higher. 

In April, the main export partners of Latvia in trade with EU countries were Lithuania (15.1 % of total exports), Estonia (10.7 %), Germany (7.9 %) and Sweden (7.8 %), whereas the main import partners were Lithuania (17.7 % of total imports), Germany (11.3 %), Poland (9.1 %) and Estonia (7.9 %). The main partner in trade with third countries was Russia, share of which in total Latvian exports in April accounted for 8.7 %, but in imports – 6.4 %.

In April, Latvia exported goods in the amount of EUR 985.9 million while importing EUR 1.14 billion of goods. Compared to April 2017, the foreign trade balance has improved as exports in total foreign trade increased from 45.3 % to 46.3 %.

Over the first four months of this year, the foreign trade turnover of Latvia at current prices reached EUR 8.41 billion – EUR 613.9 million or 7.9 % more than in the corresponding period of 2017. The exports value constituted EUR 3.85 billion (an increase of EUR 317.5 million or 9.0 %), whereas the imports value – EUR 4.56 billion (an upturn of EUR 296.4 million or 7.0 %).

More information on the foreign trade of Latvia by month and quarter, as well as by country group and commodity group is available in the Foreign trade section of the CSB database.

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