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Wednesday, March 12, 2008

Latvia External Trade January 2008

Well Latvia does seem to be managing to export, at least at present. Exports in January were up by 0.8% from December and 18.1% from January 2007, while imports were down 2.5% on December and up 3.1% on January 2007.

The trade deficit was consequently down from 265 million Lat in December to 247.5 million Lat in January.

In terms of products, agricultural products which constitute 16.8% of total exporst were up 58.9% y-o-y, machinery and equipment which is 10.3% of the total is up 15.6% y-o-y, while wood products which are 21.3% of the total are up 17.2% y-o-y.

In terms of countries exports to both Lithuania and Estonia (which are up significantly year on year) are both down in January from December, while exports to Germany are up massively on the month.

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