Exports of Latvian mechanical engineering and metalworking companies grew 7 % in 2015 in comparison with 2014 and reached turnover of 817.314 million EUR.

As the Latvian Association of Mechanical Engineering and Metalworking explained that finished metal products accounted for the largest share of the industry's exports last year. The value of finished metal products exported in 2015 reached 252.931 million, while exports of electrical equipment were worth 148.708 million and exports of autos, trailers and semi-trailers were 122.843 million EUR.

In 2015, the Latvian mechanical engineering and metalworking companies also exported 122.637 million EUR worth of metals or 2.1 times more than in 2014. While equipment, machinery and machine tools not classified elsewhere were up by 14% and reached 118.038 million EUR turnover.

The Latvian Association of Mechanical Engineering and Metalworking Industries unites over 170 companies. 

photo by masoc.lv
Latvian Institute, 18.02.2016, Economy, Business, Statistics