September Foreign Trade Surge
- Latvia experienced a surge in both exports and imports in September, driven by varied trade patterns with key partners.
- Latvia's export volumes demonstrated a mixed performance in September.Exports increased to several key European partners, including Italy (cereals, wood), Lithuania (vehicles, dairy products), and Romania (cereals).
- Specifically, exports to Belarus decreased in paper pulp, while exports to Russia saw a 1% increase, primarily in pharmaceutical products and shoes.
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Latvia’s Trade Performance: September Sees Export & Import Growth
Latvia experienced a surge in both exports and imports in September, driven by varied trade patterns with key partners. This report details the shifts in trade volume, identifies key commodities, and analyzes regional trends.
Export Performance in September
Latvia’s export volumes demonstrated a mixed performance in September.Exports increased to several key European partners, including Italy (cereals, wood), Lithuania (vehicles, dairy products), and Romania (cereals). However,overall export volumes to CIS countries decreased by 2.4%.
Specifically, exports to Belarus decreased in paper pulp, while exports to Russia saw a 1% increase, primarily in pharmaceutical products and shoes. A significant portion of exports to russia continues to be alcoholic beverages.
Exports to other countries experienced a slight decrease of 3.3%, largely due to reduced cereal exports to Nigeria and the Ivory coast, and a decline in oilseed exports to Egypt. Conversely, exports to Turkey increased, driven by iron and steel.
| destination | Change | Key Exports |
|---|---|---|
| Italy | Increased | Cereals, Wood |
| Lithuania | Increased | Vehicles, Dairy Products |
| romania | Increased | Cereals |
| CIS Countries (Overall) | Decreased 2.4% | Various |
| Belarus | Decreased | Paper Pulp |
| Russia | Increased 1% | Pharmaceutical Products, Shoes, Alcoholic Beverages |
| Nigeria & Ivory Coast | Decreased | Cereals |
| Egypt | Decreased | Oilseeds |
| Turkey | Increased | Iron and Steel |
Import Trends in September
The year-on-year increase in Latvia’s imports in September was positively influenced by increased values in several key categories: vehicles, electrical appliances, pharmaceutical products, and weapons and ammunition. Though, imports of railway transport decreased during the same period.