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
150
Terms of Trade
(2015-100)
Export price
140
-Import price
13.9% y-o-y
100%
TOP 3 product group in the structure of export and import of goods
in 2022 (% of total)
130
-Terms of trade
90%
120
14.6% yo-y
80%
70%
110
60%
100
50%
90
80
2015Q1
2015Q3
2016Q1
201603
22
Source: Central Statistical Bureau of Latvia
2017Q1
2017Q3
2018Q1
2018Q3
2019Q1
2019Q3
2020Q1
2020Q3
2021Q1
40%
30%
20%
17
10%
2021Q3
2022Q1
2022Q3
2023Q1
17
0%
21
Wood
Export
Other
Food and agriculture
â– Mineral fuels
Import
Source: Central Statistical Bureau of LatviaView entire presentation