Value of export of goods up 30.2% in Q1; value of import goods - up 40.5%

Published date11 May 2022

RIGA, May 11 (LETA) - The exports value constituted EUR 4.59 billion (a growth of EUR 1.063 billion or 30.2 percent), whereas the imports value comprised EUR 5.497 billion (a rise of EUR 1.586 billion or 40.5 percent), according to the Central Statistical Bureau.

In March, new records in export and import values were made.

During the first three months of this year foreign trade turnover of Latvia at current prices reached EUR 10.09 billion EUR 2.65 billion or 35.6 percent more than in the corresponding period of 2021.

In March, Latvia exported goods in the amount of EUR 1.75 billion, but imported in the amount of EUR 2.2 billion. Compared to March 2021, foreign trade balance has worsened as exports in total foreign trade amount decreased from 46.4 percent to 44.4 percent.

Main changes in exports in March 2022, compared to March 2021 include exports of mineral products up by EUR 142.2 million or 3.1 times;

exports of wood and articles of wood, wood charcoal up by EUR 95.1 million or 38.8 percent; exports of vegetable products up by EUR 24.5 million or 26.2 percent; exports of live animals and animal products up by EUR 22.9 million or 47.1 percent; exports of miscellaneous manufactured articles up by 21.5 million or 50.9 percent.

Main changes in imports in March 2022, compared to March 2021 included imports of mineral products up by...

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