Latvia's Economic Relationship with Canada For the first half of 2004(data from Latvia's Central Statistical Bureau)
Trade: with Canada in comparison to top trading partners
Exports
|
1. |
Germany |
$ 118,347,851. USD |
or |
13.93% of Latvia's total export |
|
2. |
Great Britain |
$ 115,885,891. USD |
or |
13.64% |
|
3. |
Sweden |
$ 102,928,484. USD |
or |
12.12% |
|
4. |
Lithuania |
$ 71,343,094. USD |
or |
8.40% |
|
5. |
Estonia |
$ 68,402,133. USD |
or |
8.05% |
|
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|
|
|
|
|
25. |
Canada |
$ 3,124,667. USD |
or |
0.37% |
Imports
|
1. |
Germany |
$ 222,717,043. USD |
or |
15.14% of total imports in Latvia |
|
2. |
Russia |
$ 146,339,781. USD |
or |
9.95% |
|
3. |
Lithuania |
$ 141,383,035. USD |
or |
9.61% |
|
4. |
Estonia |
$ 99,321,254. USD |
or |
6.75% |
|
5. |
Finland |
$ 99,167,918. USD |
or |
6.74% |
|
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|
|
|
|
|
25. |
Canada |
$ 4,419,283. USD |
or |
0.21% |
Main export products to Canada for the 1st half of 2004 listed by commodity
|
Type of Goods |
$USD (in mil.) |
Percentage of total ExpoRTs |
| In Total |
3.12 |
100% |
|
Prepared foodstuffs |
1.09 |
34.90% |
|
Wood, pulp and other wood /paper related products |
1.00 |
32.06% |
|
Non-metalic mineral products |
0.46 |
14.92% |
|
Textiles and textile products |
0.31 |
10.22% |
Main import goods from Canada for the 1st half of 2004 listed by commodity
|
Type of Goods |
$USD (in mil.) |
Percentage of total imports |
| In Total |
2.78 |
100% |
|
Chemical and related industry products |
0.73 |
26.54% |
|
Machinery and mechanical appliances, electrical equipment |
0.57 |
20.60% |
|
Prepared foodstuffs |
0.48 |
17.33% |
|
Transport vehicles |
0.24 |
8.68% |
|
Plastics and plastic products; rubber products |
0.15 |
5.49% |
|
Textiles and textile products |
0.15 |
5.40% |
The dynamics of Latvia-Canada trade 1999 to 2003 in $USD
|
Year |
Exports |
Imports |
|
1999 |
$7,187, 994 |
$7,008,633 |
|
2000 |
$18,287,253 |
$7,542,657 |
|
2001 |
$4,626,375 |
$8,410,162 |
|
2002 |
$9,996,800 |
$6,407,523 |
|
2003 |
$12,343,308 |
$10,412,155 |
Investments (according to data from the Central Statistical Bureau of Latvia)
At the end of 2003, Canadian base capital investment in Latvian registered companies totaled approx $4.9 mil. USD
As of August 2, 2004 there were 81 Latvian-Canadian companies registered with the Republic of Latvia Business Registry.
The dynamics of Canadian investment in Latvia 1998 - 2003
|
Year |
Investments, $USD (thou.) |
|
1998 |
$200.5 |
|
1999 |
$945.6 |
|
2000 |
$4,536.5 |
|
2001 |
$4,646.5 |
|
2002 |
$4,813.3 |
|
2003 |
$4,948.7 |
Canada's investors in base capital registered with the Business Registry (as perRepublic of Latvia Business Registry compiled data to 19.02.2004):
1. Riga Overseas Investments Inc. – 1.0 (mil.)$USD