Geographical tendencies of main produce imports of Latvia 2000-2015
2017
Berjoza, A., University of Latvia, Riga (Latvia) | Paiders, J., University of Latvia, Riga (Latvia)
Foreign trade as part of the main economic relationship between a country and the global market, its regions and super-players is a significant research object. This paper deals with a particular case, exploring Latvian import in first one and a half decade of the 21st century. Since in Latvian academic society economic issues are largely dominated by economic scientist, this is an attempt by geographer to look at special aspects of mentioned ties and relationships. Research is focused around main producing sectors of economy such as agriculture, fisheries and forestry. With the aim of establishing clear ties between Latvia and its major import markets, the statistics of foreign trade was analysed using frequency analysis. The research shows that Latvian major import markets, although, similarly with its export markets, are located in the Baltic Sea region and have some differences. Major import markets are usually countries with bigger internal market, than Latvia’s. Import does follow the pattern of export markets in its separation into East and West groups with similar characteristics. Major difference, however, is differentiation of markets, where majority of high quality goods are being imported from a wider variety of markets, in contrast to export, where consolidation was a major pattern. This shows a rather close competition on world markets for potential clients, and a way for further economic change in Latvian industrial structure and operations.
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