Latvia Raises Exports of Forestry Products in Jan-Nov 2011 by 16.8% Year-On-Year
By admin at 25 January, 2012, 4:54 pm
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During the first eleven months of last year, Latvia exported 1.089 billion lats (EUR 1.54 billion) worth of forestry industry products at a 16.8 percent rise year-on-year, announced the Latvian Agriculture Ministry, the Baltic News Service reported.
According to the Rīga-based newswire, exports of timber and timber products reached 947.877 million lats (EUR 1.345 billion) in the first eleven months of 2011, growing by 15.9 percent from the same period last year and accounting for 87.1 percent of total Latvian exports of forestry products in January-November last year.
Sawn timber exports grew 2.3 percent year-on-year to 265.744 million lats (EUR 378.12 million), BNS reported, and made up 24.4 percent of total forestry industry exports in January-November 2011. Round timber was exported for 149.484 million lats (EUR 212.69), up 17.2 percent from last year, and made up 13.7 percent of the industry’s total exports during the 11-month period
last year. According to BNS, firewood exports increased by 8 percent to 133.678 million lats (EUR 190.20 million) and amounted to 12.3 percent of total Latvian forestry industry exports.
The newswire also reported that during the first eleven months of 2011, Latvia also exported 93.226 million lats (EUR 132.64 million) worth of plywood at a 23 percent rise from the same period in 2010, which accounted for 8.6 percent of total forestry industry exports. Chipboard exports grew by 4.2 percent to 79.192 million lats (EUR 112.68 million), making up 7.3 percent of total exports in the first eleven months of last year.
In January-November 2011, BNS reported, Latvia also exported 71.154 million lats (EUR 101.24 million) worth of paper, cardboard and their products at a 40.2 percent rise year-on-year, accounting for 6.5 percent of total forestry industry exports. Wooden furniture exports rose 3.6 percent to 55.183 million lats (EUR 78.51 million), making up 5.1 percent of total exports.
According to the newswire, during the first eleven months of 2011, Latvia supplied its forestry products mainly to Sweden (16.2 percent), Germany (11.8 percent) and the UK (11.6 percent). As compared to the first eleven months of 2010, forestry industry exports to Sweden increased by 19.2 percent to 176.659 million lats (EUR 251.36 million), exports to Germany increased by 15.1 percent to 128.247 million lats (EUR 182.48 million), and exports to the UK grew 10.2 percent to 125.988 million lats (EUR 179.26 million).
During the first eleven months of 2010, Latvia exported 932.64 million lats (EUR 1.327 billion) worth of forestry industry products, BNS reported.
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