Latvia - Balance of Goods





Latvia: Balance of Goods

Mnemonic TRBG.ILVA
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 11.62 %
Data Sep 2018 -349.1
Aug 2018 -395

Series Information

Source Central Statistical Bureau of Latvia
Release Trade
Frequency Monthly
Start Date 1/31/1995
End Date 9/30/2018

Latvia: Trade

Reference Last Previous Units Frequency
Balance of Goods Sep 2018 -349.1 -395 Mil. EUR, NSA Monthly
Current Account Balance Sep 2018 -46 -57 Mil. EUR, NSA Monthly
Exports of Goods Sep 2018 1,034 1,078 Mil. EUR, NSA Monthly
Imports of Goods Sep 2018 1,383 1,473 Mil. EUR, NSA Monthly
Exports of Goods and Services 2018 Q2 4,414,115 3,996,560 Ths. EUR, NSA Quarterly
Imports of Goods and Services 2018 Q2 4,258,765 4,037,848 Ths. EUR, NSA Quarterly
Net Exports 2018 Q2 155,350 -41,288 Ths. EUR, NSA Quarterly
Real Exports of Goods and Services 2018 Q2 3,761,515 3,433,972 Ths. Ch. 2010 EUR, NSA Quarterly
Real Imports of Goods and Services 2018 Q2 3,841,255 3,669,839 Ths. Ch. 2010 EUR, NSA Quarterly
Real Net Exports 2018 Q2 -79,740 -235,867 Ths. Ch. 2010 EUR, NSA Quarterly

Release Information

Total Exports

Merchandise exports are shown in current FOB values (including transportation and insurance costs up to the border of the exporting country) according to a scheme of the special trade system (without commodity flows from customs warehouses and free economic zones) and indicating the country of ultimate destination.

Data are compiled in compliance with so-called National principle, which unlike so-called Community principle starting with 2006 does not include information on exports of goods, which certain EU Member State sells in certain third country (which is not EU member state) trough Latvia, but starting from 2008 it does not include also data on commodity dispatches to certain EU Member State, which trough Latvia imports goods from other third country, although in all mentioned cases customs declarations  are done in Latvia.

Total Imports

Merchandise imports are shown in current CIF values (including transportation and insurance costs up to the border of the importing country) according to a scheme of the special trade system (without commodity flows to customs warehouses and free economic zones) and indicating the country of  origin. From 2004 the arrival of goods from the Member States of the European Union is classified to the indicated country of consignment.

Data are compiled in compliance with so-called National principle, which unlike so-called Community principle starting with 2006 does not include information on imports of goods, which certain EU Member State carries out in certain third country (which is not EU member state) trough Latvia, but starting from 2008 it does not include also data on commodity arrivals  from certain EU Member State, which trough Latvia exsports goods to other third country, although in all mentioned cases customs declarations are done in Latvia.

European Union – 15

Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, United Kingdom.

European Union - 25

All European Union - 15 countries and Czech Republic, Cyprus, Estonia, Hungary, Malta, Latvia, Lithuania, Poland, Slovakia, Slovenia after EU enlargement in the 1st of May 2004.

European Union - 27

All European Union - 25 countries, and Romania and Bulgaria after EU enlargement in the 1st of January 2007.

CIS

Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyztan, Russian Federation, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.

Source of Data

1) INTRASTAT monthly surveys of enterprises engaged in trade with EU Member States

2) Customs declarations on trade with third countries

Coverage

The whole territory of Latvia.

Sample Size

Full-scope survey on trade with third countries; sample survey on trade with EU Member States according to a specified parament; calculations.

Description of Data

Merchandise exports and imports by countries and commodity groups.

Methods of calculation

Mathematical imputation to INTRASTAT data for enterprise non-response and for those enterprises that are not subject to INTRASTAT reporting due to the small size of trade volume. 

Classification

EU combined Nomenclature

Data Adjustment

Preliminary data are adjusted monthly.

Data are usually revised.