Latvia - Exports of Goods





Latvia: Exports of Goods

Mnemonic TREG.ILVA
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 10.05 %
Data Jan 2024 1,637
Dec 2023 1,488

Series Information

Source Central Statistical Bureau of Latvia
Release Trade
Frequency Monthly
Start Date 1/31/1995
End Date 1/31/2024

Latvia: Trade

Reference Last Previous Units Frequency
Balance of Goods Jan 2024 40.07 -378.63 Mil. EUR, NSA Monthly
Current Account Balance Jan 2024 208 31 Mil. EUR, NSA Monthly
Exports of Goods Jan 2024 1,637 1,488 Mil. EUR, NSA Monthly
Imports of Goods Jan 2024 1,597 1,867 Mil. EUR, NSA Monthly
Exports of Goods and Services 2023 Q4 6,503,564 6,392,103 Ths. EUR, NSA Quarterly
Imports of Goods and Services 2023 Q4 6,855,695 6,812,308 Ths. EUR, NSA Quarterly
Real Exports of Goods and Services 2023 Q4 4,996,919 4,890,008 Ths. Ch. 2015 EUR, NSA Quarterly
Real Imports of Goods and Services 2023 Q4 5,735,989 5,739,836 Ths. Ch. 2015 EUR, NSA Quarterly
Net Exports 2019 Q2 -67,796 103,354 Ths. EUR, NSA Quarterly
Real Net Exports 2019 Q2 -278,929 -151,814 Ths. Ch. 2010 EUR, NSA Quarterly

Release Information

For Latvia, summary of monthly external merchandise trade (imports, exports, trade balance).

Active:

  • Measurement: Millions of euros (Mil. EUR)
  • Seasonal adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: As early as 1995m1

Predecessor:

  • In lats (LVL) - 1995 to 2013

The source writes:

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) through Latvia, but starting from 2008 it does not include also data on commodity arrivals  from certain EU Member State, which trough Latvia exports goods to other third country, although in all mentioned cases customs declarations are done in Latvia.

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.

Geographies

European Union – 15
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, United Kingdom.
European Union - 25 [geo code IEU25]
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 (2007-2013) [geo code IEU27]
All European Union - 25 countries, and Romania and Bulgaria after EU enlargement in the 1st of January 2007. Originally: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
European Union - 27 (from 2020) [geo code IEU27B]
Post Brexit EU. Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
CIS
Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyztan, Russian Federation, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.

We compute trade balance.

Data are usually revised.

Further reading

At the source:

At IMF (SDDS Plus):