Latvian Imports Dive 19% On Month In November, EXPORTS EVEN MORE!

According to Central Statistical Bureau (CSB) of Latvia, see here: http://www.csb.gov.lv/csp/events/?mode=arh&period=01.2009&cc_cat=251&id=8556 :

Total foreign trade turnover at current prices in November 2008 reached 831.7 mln lats – less by 204.6 mln lats or 19.7% than a month before and less by 214.5 mln lats or 20.5% than in November last year, according to Central Statistical Bureau data.

Total foreign trade turnover at current prices in January – November 2008 was 1.3% or 145.5 mln lats more than in the corresponding period of previous year, and its value reached 11015.9 mln lats. Of which exports value increased by 10.5% or 387.6 mln lats, but imports value decreased by 3.4% or 242.1 mln lats.

Latvian imports dive 19% on month in November of 2008. There is, however, no hope that trade balance is improving, as EXPORTS take 20% haircut!