Commission Report (2002): Latvia
Imports and exports (current prices). The data
is based upon the special trade system, according to which; external trade
comprises goods crossing the customs border of the country. Trade data
excludes direct re-exports, trade in services and trade with customs free
zones as well as licences, know-how and patents. Value of external trade
turnover includes the market value of the goods and the additional costs
(freight, insurance etc.). The term FOB means that all costs incurred in
course of transport up to the customs frontier are charged to the seller. The
term CIF means that the purchaser pays the additional costs.
Trade Classifications.Merchandise trade flows
are using the commodity classification according to the Combined
Nomenclature. Imports are recorded on CIF basis. Exports are recorded here on
FOB basis.
External trade price indices.Export unit value
index is calculated using two sources of information for index calculation:
the main source is customs data and other is a price data collected from
manufacturing enterprises that export their products. The index is calculated
according to a Laspeyre`s type formula. The base price (the average price of
the previous year) is calculated as the weighted average price of the
previous year.
Imports and exports with EU-15. Data declared
by the Republic of Latvia.
© European Commission
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