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Exports of textiles & textile articles down in Dec
18
Feb '08
Compared to November 2007, the value of exports in current prices in December 2007 decreased by 10.8% or 39.8 mln lats, but in comparison with December 2006 it increased by 12.9 % or 37.4 mln lats, reaching 328.0 mln lats, according to Central Statistical Bureau data.

However, the value of imports in current prices in December 2007 was 8.4% or 54.3 mln lats lower compared to November 2007, but in comparison with December 2006 the decrease comprised 6.2% or 39.5 mln lats, reaching 593.0 mln lats.

The total foreign trade turnover in December 2007 was 0.2% or 2.1 mln lats lower than in the corresponding period of the previous year and its value was as high as 921.0 mln lats.

The value of exports in current prices in 2007 reached 4025.2 mln lats – more by 732.0 lats or 22.2% compared to 2006.

However, the value of imports in current prices in 2007 was more by 1342.5 lats or 21.0% compared to 2006 and reached 7721.0 mln lats.

In December 2007, in comparison with December 2006 the value of the one of most important commodity in the exports of base metals and articles of base metals increased by 66.2%. Exports of products of the chemical and allied industries increased by 48.3%, exports of agricultural - by 38.8%, exports of pulp of wood; paper and paperboard – by 3.2%.

But the exports of textiles and textile articles have decreased, by 27.1%, exports of wood and articles of wood – by 7.6%, exports of machinery and mechanical appliances; electrical equipment – by 6.2%.

In December 2007, in comparison with November 2007 the value of exports of raw hides, leather, furskins and articles thereof increased by 32.5%, The exports of pulp of wood; paper and paperboard decreased by 30.1%, exports of textiles and textile articles – by 28.1%, exports of wood and articles of wood – by 21.0%.

The imports of machinery and mechanical appliances; electrical equipment decreased by 21.2%, imports of wood and articles of wood – by 14.4%, imports of textiles and textile articles - by 10.7%, imports of transport vehicles – by 10.5%, imports of products of the chemical and allied industries – by 9.3%, imports of plastics and articles thereof – by 3.1%.

Imports of textiles and textile articles decreased by 26.7%, of plastics and articles thereof; rubber and articles thereof – by 17.8%, of wood and articles of wood – by 16.9%, of transport vehicles - by 13.4%, of products of the chemical and allied industries – by 13.3%, of machinery and mechanical appliances; electrical equipment – by 11.4%.

Central Statistical Bureau of Latvia

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