Investor Presentaiton slide image

Investor Presentaiton

TERMS OF TRADE STAY FAVOURABLE DESPITE SWINGS IN ENERGY PRICES Declining energy prices have decreased import prices more substantially, leading to overall more favourable terms of trade Terms of Trade (2015-100) TOP 3 product group in the structure of export and import of goods in 2022 (% of total) 150 Export price 100% 140 -Import price 13.9% y-o-y 90% -Terms of trade 130 80% 120 14.6% yo-y 70% 60% 110 100 90 80 80 2016Q3 2015Q1 2015Q3 2016Q1 2017Q1 22 Source: Central Statistical Bureau of Latvia 2017Q3 2018Q1 2018Q3 2019Q1 2019Q3 2020Q1 2020Q3 2021Q1 2021Q3 2022Q1 2022Q3 2023Q1 50% 40% 30% 17 20% 10% 17 21 0% Export Wood Import Other Food and agriculture â– Mineral fuels Source: Central Statistical Bureau of Latvia
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