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 LatviaView entire presentation