Latvia exported 1.883 billion worth of forestry industry products during the first 11 months of 2015. This represented a 3.1% growth from the same period of 2014, according to LETA, referring to the Latvian Agriculture Ministry. Regarding the timber and timber products, Latvia exported a worth of 1.607 billion, representing a 2.4% growth from the first 11 months of 2014.
Forestry industry exports reached a high level in 2014, when Latvia exported 2.015 billion euros worth of forestry products. Thus, the forestry industry import value rose to 688.74 million euros.
Latvia exported 18.7% of its forestry products to the UK during January-November 2015, while 10.6% went to Germany and 8.6% to Sweden. The exports to the UK brought Latvia 352 million euros. Another 199 million euros came from Germany and 161 million euros from the exports to Sweden. During the same period, Latvia imported forestry products worth 650 million euros. This amount represented a 4.8% increase from the same period of 2014.
The largest supplier for Latvia was Lithuania, who imported 113 million euros worth forestry products in January-November 2015, making for the 17.4% from the total imports. Estonia supplied another 82.6 million euros (12.7%) and Poland imported 82.8 million euros worth products (12.7%).