Trade in goods with USA SITC (Standard International Trade Classification)
Suomeksi - in Finnish

Latvia trade flows with USA by SITC*) product sections during 2020/3 - 2020/7

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/3
%
2020/4
%
2020/5
%
2020/6
%
2020/7
%
Export0.00.00.00.00.0
Import0.00.00.00.00.0
Trade in Goods0.00.00.00.00.0

USA's foreign trade with Latvia, exports to Latvia and imports from Latvia in Juli 2020


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli Latvia was USA's 84. largest foreign trade partner. Decrease from the previous month was 17 places. $97 million worth of trade was 25.6 per cent lower than in Juli of the previous year. In Juli the trade balance with Latvia was $40 million in deficit for United States of America.

The value of imports from Latvia was 28.5 per cent higher than in Juli of the previous year, thus amounting to $69 million. Major product categories of imports from Latvia were Sitc714 (engines and motors, non-electric (other than those of groups 712, 713 and 718); parts, n.e.s., of these engines and motors), representing 49.4 percent of imports, Sitc112 (alcoholic beverages) 14.9 % and Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76) 8.0 % of the imports.

The value of exports to Latvia declined considerably,by 63.2 per cent, compared to in Juli of the previous year, thus amounting to $28 million in Juli 2020. The largest product groups of exports were: Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76), which represented a share of 12.5 per cent of total exports, Sitc784 (parts and accessories of the motor vehicles of groups 722, 781, 782 and 783) 9.8 % and Sitc112 (alcoholic beverages) 8.7 % of the exports.

Development during January-Juli 2020

During January-Juli, trade in goods between the two countries declined sharply (-32.9 %) over the same period last year. The value of the trade was $477 million. During January-Juli the value of imports was $309 million. The export value was $168 million. Compared to the corresponding period in 2019, the value of both imports and exports decreased significantly. The decline in imports was -22.3 % and in the value of exports -46.3 %. The largest value in imports was in Sitc714 (engines and motors, non-electric (other than those of groups 712, 713 and 718); parts, n.e.s., of these engines and motors), worth $102 million. In export the largest value had Sitc112 (alcoholic beverages), worth being $29 million. From USA's point of view, the trade balance between the countries in January-Juli remained in deficit. The trade deficit was $141 million. The trade deficit continued to widen compared to the corresponding period in 2019. At that time, the deficit was $85 million.


Table: USA's export to Latvia (LV) during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 1,2 3.2 1,6 7.0 0,9 3.8 1,5 7.4 1,7 6.0
01. Meat and meat preparations 0,4 0.9 0,2 0.6 0,3 1.0 0,6 2.6 0,10 3.2
05. Vegetables and fruit 0,4 1.0 0,8 3.3 0,2 0.9 0,5 2.1 0,2 0.6
1. Beverages and tobacco 6,1 16.8 5,5 24.7 5,4 23.0 2,8 13.7 2,6 8.9
11. Beverages 6,1 16.8 5,5 24.7 5,4 23.0 2,7 13.3 2,6 8.9
5. Chemicals and related products,n.e.s. 2,8 7.8 2,4 10.5 2,7 11.5 1,5 7.4 1,3 4.5
54. Medicinal and pharmaceutical products 0,3 0.6 0,2 0.7 0,8 3.4 0,2 0.5 0,1 0.2
57. Plastics in primary forms 0,7 1.8 0,5 1.9 0,8 3.2 0,3 1.2 0,2 0.7
59. Chemical materials and products,n.e.s. 1,2 3.3 0,8 3.2 0,8 3.2 0,8 3.7 0,6 2.0
6. Basic manufactures 1,1 3.1 1,4 6.2 1,2 5.2 1,1 5.5 1,8 6.1
63. Wood and cork manufactures 0,1 0.0 0 0.0 0,1 0.1 0,1 0.0 0,7 2.1
65. Textile yarn,fabrics,made up articles,etc. 0,4 1.0 0,4 1.6 0,2 0.7 0,2 0.6 0,6 2.0
69. Manufactures of metals,n.e.s. 0,5 1.2 0,3 1.0 0,9 3.5 0,8 3.6 0,3 0.8
7. Machinery,transport equipment 19,7 54.7 7,8 35.3 8,1 34.7 9,6 48.3 14,10 52.7
71. Power generating machinery and equipment 0,3 0.6 0,9 4.0 0,9 3.7 0,3 1.4 0,3 1.1
72. Machinery for specialized industries 0,7 1.7 0,10 4.3 0,5 2.0 0,9 4.2 0,6 2.1
74. General industrial machinery n.e.s. 1,9 5.3 1,5 6.5 0,7 2.9 0,7 3.5 0,8 2.7
75. Office machines and adp machines 0,5 1.3 0,7 2.9 0,4 1.4 0,5 2.2 0,3 0.8
76. Telecommunications and sound recording equipment 0,9 2.5 1,4 6.0 1,1 4.3 1,3 6.5 3,6 12.6
77. Electric machinery,n.e.s.and parts 0,6 1.6 0,9 3.8 0,10 4.0 3,8 18.8 3,5 12.2
78. Road vehicles 0,6 1.5 0,5 2.0 0,7 2.7 1,1 5.2 4,7 16.6
79. Other transport equipment 14,5 40.1 1,3 5.8 3,2 13.5 1,3 6.3 1,2 4.0
8. Miscellaneous manufactured articles 3,6 9.8 2,0 9.1 4,0 17.3 2,7 13.3 4,2 14.8
87. Instruments and apparates n.e.s. 1,6 4.2 0,8 3.5 3,0 12.9 1,5 7.3 1,10 6.8
88. Photographic equipment,optical goods etc. 0,7 1.8 0,3 1.2 0,6 2.5 0,5 2.1 0,7 2.3
89. Miscellaneous manufactured articles,n.e.s. 1,1 3.0 0,8 3.6 0,4 1.4 0,6 3.0 1,2 4.0
9. Goods not classified elsewhere 1,3 3.4 1,0 4.4 0,8 3.4 0,8 3.7 1,9 6.4
93. Special transactions and commodities not classified 1,1 3.0 0,9 3.7 0,7 2.7 0,7 3.2 1,7 5.8
0-9. All groups combined 35,10 100.0 22,0 100.0 23,1 100.0 19,9 100.0 28,4 100.0

Source: US Census Bureau

Table: Import from Latvia (LV) to USA during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 0,8 1.1 0,9 2.7 0,8 2.2 1,1 3.8 1,0 1.4
03. Fish and fish preparations 0,5 0.6 0,8 2.3 0,6 1.6 0,8 2.8 0,9 1.3
1. Beverages and tobacco 15,7 21.6 10,6 32.0 7,1 19.0 7,4 27.6 10,3 14.9
11. Beverages 15,7 21.6 10,6 32.0 7,1 19.0 7,4 27.6 10,3 14.9
2. Crude materials,inedible,except fuels 1,10 2.6 2,2 6.5 1,2 3.2 1,4 5.1 2,3 3.3
24. Cork and wood 1,9 2.6 2,1 6.4 1,2 3.2 1,4 5.1 2,3 3.3
3. Mineral fuels etc 1,6 2.1 0,9 2.5 0,8 2.0 2,9 10.6 0,8 1.1
32. Coal,coke and briquettes 0,9 1.2 0,9 2.5 0,8 2.0 0,7 2.3 0,8 1.1
33. Petroleum and products 0,7 0.9 0 0.0 0 0.0 2,3 8.3 0 0.0
5. Chemicals and related products,n.e.s. 0,2 0.3 0,1 0.2 0,6 1.5 0,4 1.2 0,5 0.6
6. Basic manufactures 5,5 7.5 6,3 19.0 5,7 15.4 3,9 14.4 5,5 8.0
63. Wood and cork manufactures 2,1 2.8 3,7 11.1 2,5 6.7 1,6 5.9 3,3 4.7
65. Textile yarn,fabrics,made up articles,etc. 2,1 2.8 1,2 3.6 2,2 5.8 0,10 3.5 1,4 2.0
66. Non-metallic mineral manufactures,n.e.s. 0,7 0.9 0,7 2.0 0,3 0.8 0,3 1.0 0,3 0.4
69. Manufactures of metals,n.e.s. 0,5 0.6 0,8 2.2 0,7 1.9 0,9 3.2 0,6 0.8
7. Machinery,transport equipment 41,8 57.7 8,2 24.7 17,2 46.3 6,9 25.6 43,1 62.5
71. Power generating machinery and equipment 34,1 47.0 0,1 0.1 11,6 31.3 0,1 0.0 34,0 49.4
72. Machinery for specialized industries 1,3 1.8 1,6 4.8 0,9 2.4 0,8 2.9 1,3 1.8
74. General industrial machinery n.e.s. 1,7 2.3 0,7 1.8 0,7 1.7 1,6 5.7 0,8 1.0
76. Telecommunications and sound recording equipment 2,2 2.9 4,4 13.3 3,1 8.1 3,4 12.7 5,6 8.0
77. Electric machinery,n.e.s.and parts 1,6 2.2 1,0 3.0 0,9 2.3 0,9 3.1 0,7 1.0
79. Other transport equipment 0,6 0.8 0 0.0 0 0.0 0,1 0.0 0 0.0
8. Miscellaneous manufactured articles 3,6 4.9 3,3 10.0 2,8 7.5 2,5 9.0 4,2 6.1
82. Furniture and parts thereof 1,5 2.0 1,0 2.9 1,1 2.9 0,6 2.0 1,1 1.5
84. Articles of apparel and clothing accessories 0,2 0.2 0,2 0.5 0,1 0.1 0,1 0.3 0,6 0.8
87. Instruments and apparates n.e.s. 0,9 1.2 1,2 3.4 0,6 1.5 0,7 2.5 1,2 1.7
88. Photographic equipment,optical goods etc. 0,6 0.7 0,7 2.1 0,6 1.5 0,6 2.1 0,6 0.7
89. Miscellaneous manufactured articles,n.e.s. 0,5 0.7 0,4 1.0 0,6 1.6 0,6 2.1 0,9 1.3
9. Goods not classified elsewhere 1,7 2.2 0,8 2.4 1,1 2.9 0,7 2.5 1,6 2.2
93. Special transactions and commodities not classified 1,2 1.6 0,5 1.3 0,8 2.1 0,4 1.1 1,1 1.6
0-9. All groups combined 72,4 100.0 32,9 100.0 37,1 100.0 26,8 100.0 68,9 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - Juli (Sitc)

USA's Trade in Goods Start Page