Trade in goods with USA SITC (Standard International Trade Classification)
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Latvia trade flows with USA by SITC*) product sections during 2021/7 - 2021/11

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


Share of USA's2021/7
%
2021/8
%
2021/9
%
2021/10
%
2021/11
%
Export0.0 0.0 0.0 0.0 0.0
Import0.0 0.0 0.0 0.0 0.0
Trade in Goods0.0 0.0 0.0 0.0 0.0

USA's foreign trade with Latvia, exports to Latvia and imports from Latvia in November 2021


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 November Latvia was USA's 93. most important foreign trade partner. Improvement from the previous month was 6 places. Amounting trade to worth of $114 million was 45.6 per cent bigger than in November of the previous year. In November the trade balance with Latvia was $18 million in deficit for United States of America.

The value of imports from Latvia was 45.8 per cent higher than in November of the previous year, thus amounting to $66 million. Major product categories of imports from Latvia were Sitc112 (alcoholic beverages), representing 29.1 percent of imports, Sitc634 (veneers, plywood, particle board, and other wood, worked, n.e.s.) 26.0 % and Sitc764 (telecommunications equipment, n.e.s., and parts, n.e.s., and accessories of apparatus falling within division 76) 5.4 % of the imports.

The value of exports to Latvia were 45.3 percent higher than in November of the previous year, thus amounting to $48 million. The largest product groups of exports were: Sitc792 (aircraft and associated equipment; spacecraft (including satellites) and spacecraft launch vehicles; parts thereof), which represented a share of 56.3 per cent of total exports, Sitc112 (alcoholic beverages) 7.7 % and Sitc874 (measuring, checking, analysing and controlling instruments and apparatus, n.e.s.) 4.4 % of the exports.

Significant increase in trade in goods in early 2021

During January-November, trade in goods with Latvia has grown faster than USA's trade in goods with the rest of the world. During this year trade in goods between countries was significantly higher than in January-November of the previous year. Growth was as high as 31.5 per cent and the value of the trade increased to $1.0 billion. During January-November the value of imports was $630 million. The export value was $386 million. Compared to the corresponding period of the previous year, the value of imports increased by 29.3 % and the value of exports by 35.3 %. The largest product group in terms of imports has been Sitc112 (alcoholic beverages), worth $122 million. In export the largest value had Sitc792 (aircraft and associated equipment; spacecraft (including satellites) and spacecraft launch vehicles; parts thereof), worth being $107 million. From USA's point of view, the trade balance between the countries in January-November remained in deficit. The trade deficit was $244 million. The trade deficit continued to widen compared to the corresponding period in 2020. At that time, the deficit was $202 million.


Table: USA's export to Latvia (LV) during 2021/7 - 2021/11

2021 / 72021 / 82021 / 92021 / 102021 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 2.2 8.7 1.2 2.9 1.6 4.0 3.2 9.9 2.2 4.5
01. Meat and meat preparations 0.4 1.7 0.1 0.1 0.4 1.1 1.3 4.0 0.3 0.6
05. Vegetables and fruit 0.7 2.8 0.5 1.1 0.2 0.5 0.8 2.4 1.2 2.6
09. Miscellaneous edible products and preparations 0.9 3.4 0.6 1.5 0.6 1.6 0.8 2.5 0.5 1.1
1. Beverages and tobacco 4.6 18.4 14.1 32.9 4.1 10.6 9.4 28.8 3.7 7.7
11. Beverages 4.6 18.4 14.1 32.9 4.1 10.6 9.4 28.7 3.7 7.7
5. Chemicals and related products,n.e.s. 2.5 9.9 2.6 6.0 2.5 6.3 1.9 5.9 2.6 5.4
54. Medicinal and pharmaceutical products 0.5 2.1 0.7 1.7 0.7 1.7 0.1 0.3 0.9 1.9
55. Perfume,cleaning etc.preparations 0.5 2.2 0.8 1.8 0.6 1.5 0.8 2.4 0.6 1.2
57. Plastics in primary forms 0.8 3.1 0.8 1.9 0.6 1.6 0.5 1.4 0.8 1.6
6. Basic manufactures 1.9 7.6 1.3 3.1 1.7 4.3 1.3 4.1 1.8 3.7
65. Textile yarn,fabrics,made up articles,etc. 0.7 2.8 0.6 1.3 0.6 1.6 0.5 1.5 0.7 1.4
69. Manufactures of metals,n.e.s. 0.6 2.2 0.4 0.9 0.6 1.5 0.6 1.7 0.4 0.9
7. Machinery,transport equipment 9.9 39.6 19.4 45.2 26.1 66.6 9.8 29.8 32.6 68.2
72. Machinery for specialized industries 0.6 2.5 0.2 0.5 0.8 2.1 0.3 1.0 0.5 1.1
74. General industrial machinery n.e.s. 0.9 3.7 1.2 2.8 1.3 3.3 1.8 5.6 0.9 1.8
75. Office machines and adp machines 1.1 4.3 0.4 0.9 0.5 1.2 0.1 0.4 0.2 0.3
76. Telecommunications and sound recording equipment 1.0 4.0 0.4 1.0 5.2 13.2 1.5 4.5 1.1 2.3
77. Electric machinery,n.e.s.and parts 2.1 8.3 0.8 1.9 1.4 3.6 1.4 4.3 1.0 2.0
78. Road vehicles 1.9 7.6 1.8 4.2 1.0 2.7 3.2 9.6 1.7 3.6
79. Other transport equipment 1.9 7.5 14.3 33.3 15.7 40.1 1.2 3.8 26.9 56.3
8. Miscellaneous manufactured articles 3.3 13.2 3.4 8.0 2.6 6.5 4.9 15.1 4.4 9.2
82. Furniture and parts thereof 0.2 0.7 0.5 1.1 0.1 0.2 0.3 1.0 0.5 1.0
87. Instruments and apparates n.e.s. 1.9 7.4 2.2 5.0 1.4 3.5 2.2 6.7 2.6 5.5
88. Photographic equipment,optical goods etc. 0.5 2.1 0.2 0.5 0.4 1.1 1.0 3.0 0.3 0.6
89. Miscellaneous manufactured articles,n.e.s. 0.6 2.3 0.5 1.1 0.5 1.3 1.2 3.7 0.6 1.3
9. Goods not classified elsewhere 0.2 0.8 0.4 1.0 0.4 1.1 1.6 4.9 0.3 0.7
93. Special transactions and commodities not classified 0.0 0.2 0.2 0.5 0.2 0.6 1.4 4.2 0.2 0.4
0-9. All groups combined 25.0 100.0 42.9 100.0 39.2 100.0 32.7 100.0 47.7 100.0

Source: US Census Bureau

Table: Import from Latvia (LV) to USA during 2021/7 - 2021/11

2021 / 72021 / 82021 / 92021 / 102021 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 1.8 2.9 1.8 1.9 1.3 2.0 1.2 2.1 1.0 1.5
00. Live animals 00 0.9 0.9 0.0 0.1 0.0 0.1 00
03. Fish and fish preparations 0.9 1.4 0.5 0.5 1.0 1.6 0.7 1.3 0.7 1.1
08. Feeding stuff for animals 0.6 1.0 0.1 0.1 00 00 00
1. Beverages and tobacco 10.2 16.4 13.2 14.3 12.2 19.2 16.8 30.5 19.2 29.1
11. Beverages 10.2 16.4 13.2 14.3 12.2 19.2 16.8 30.5 19.2 29.1
2. Crude materials,inedible,except fuels 5.4 8.6 7.9 8.6 2.1 3.4 3.0 5.3 2.6 4.0
24. Cork and wood 5.3 8.5 7.9 8.6 2.1 3.2 3.0 5.3 2.6 4.0
3. Mineral fuels etc 0.8 1.2 12.8 13.9 0.8 1.3 1.4 2.5 1.8 2.8
32. Coal,coke and briquettes 0.8 1.2 1.0 1.0 0.8 1.3 1.4 2.5 1.8 2.8
33. Petroleum and products 00 11.8 12.8 00 00 00
5. Chemicals and related products,n.e.s. 0.6 0.9 0.3 0.3 0.4 0.6 0.4 0.7 0.3 0.4
6. Basic manufactures 24.8 39.7 25.4 27.5 15.3 24.1 12.3 22.2 22.7 34.5
63. Wood and cork manufactures 21.0 33.5 20.4 22.1 9.9 15.5 9.2 16.6 18.2 27.6
65. Textile yarn,fabrics,made up articles,etc. 1.7 2.7 1.7 1.8 2.0 3.2 1.3 2.3 1.8 2.7
66. Non-metallic mineral manufactures,n.e.s. 1.1 1.8 0.9 0.9 0.8 1.3 0.8 1.4 0.9 1.4
67. Iron and steel 0.0 0.0 1.2 1.3 1.8 2.9 0.0 0.0 0.0 0.0
69. Manufactures of metals,n.e.s. 1.0 1.6 1.3 1.4 0.8 1.2 1.0 1.9 1.7 2.6
7. Machinery,transport equipment 11.5 18.5 23.0 25.0 24.3 38.2 11.8 21.5 9.1 13.8
71. Power generating machinery and equipment 0.1 0.1 11.5 12.4 11.4 17.9 0.0 0.1 0.2 0.3
72. Machinery for specialized industries 1.4 2.3 1.4 1.6 1.2 1.8 1.3 2.3 0.6 1.0
74. General industrial machinery n.e.s. 2.3 3.7 1.3 1.4 4.1 6.4 3.6 6.4 1.9 2.9
76. Telecommunications and sound recording equipment 5.1 8.1 6.1 6.6 5.0 7.8 4.0 7.3 3.6 5.5
77. Electric machinery,n.e.s.and parts 2.0 3.2 1.8 1.9 1.5 2.3 1.8 3.3 1.9 2.9
78. Road vehicles 0.4 0.7 0.4 0.5 1.0 1.6 1.0 1.8 0.4 0.6
8. Miscellaneous manufactured articles 6.4 10.3 6.8 7.3 5.2 8.2 6.5 11.9 7.6 11.6
82. Furniture and parts thereof 1.1 1.7 1.4 1.5 0.9 1.4 0.8 1.5 1.4 2.1
87. Instruments and apparates n.e.s. 3.1 4.9 3.3 3.5 1.7 2.7 2.9 5.3 3.3 5.0
88. Photographic equipment,optical goods etc. 0.8 1.3 0.9 0.9 0.7 1.1 1.2 2.1 1.0 1.6
89. Miscellaneous manufactured articles,n.e.s. 0.9 1.5 0.9 1.0 1.2 1.9 1.2 2.2 1.6 2.4
9. Goods not classified elsewhere 1.0 1.5 1.1 1.1 2.0 3.2 1.8 3.3 1.5 2.2
93. Special transactions and commodities not classified 0.4 0.6 0.5 0.6 1.5 2.4 1.3 2.3 0.9 1.4
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 0.6 0.9 0.5 0.6 0.5 0.8 0.6 1.1 0.5 0.8
0-9. All groups combined 62.5 100.0 92.3 100.0 63.7 100.0 55.2 100.0 65.8 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - November (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - November (ATP)

USA's Trade in Goods Start Page