Export and import dynamics of mineral resources in Latvia in the period of 2000-2012
2013
Jekabsone, S., University of Latvia, Riga (Latvia) | Sproge, I., Latvian Academy of Sciences, Riga (Latvia). Inst. of Economics | Curkina, I., Latvian Academy of Sciences, Riga (Latvia). Inst. of Economics
Mineral resources are among the most important natural resources of Latvia and they are widely used both on the domestic market as a fuel; a raw material for construction, production of construction materials, in agriculture and metallurgy; and they are exported as well. According to the data of the Central Statistical Bureau, in 2011, the export of mineral products accounted for 9.1% of the total export of goods from Latvia; and the demand for various mineral resources available in Latvia (cement, dolomite, gypsum rock etc. that can be used for the production of construction materials) is increasing every year. This article aims to present an analysis of the development of the external trade on non-metallic mineral products across various product groups during the period from 2000 to 2012. The major export markets (regions and countries) and groups of products as well as the major sources of import have been identified as a result of the analysis. The conclusions of the article summarise the measures that are required for ensuring sustainable use of Latvian mineral resources in the medium term, since the potential of mineral resources of Latvia is not fully utilised either for the satisfaction of domestic needs or for export.
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