ANALYSIS OF FOREST SECTOR EXPORTS IN LATVIA.

The aim of this study is to identify opportunities for the development of the Latvian forest sector and to assess competition. Nowadays, the development and sustainability of natural resources is of great importance. The forest resource in Latvia is valued as the most important national natural resource. It is therefore necessary to identify and analyse the factors influencing its development. The study included an analysis of the Latvian forest sector exports. The research methodology includes theoretical concepts and a framework of factors influencing the forest sector. The aim of this paper is to analyse the export performance of the Latvian forest sector and to present data on the export of forest sector products, collected within the framework of the study, depending on the degree of processing of the product, as well as to determine the breakdown of partner countries for forest sector exports. The study involved surveys of companies in the sector and expert interviews. The data from the study show that Latvia's forest sector exports have great potential. The largest share in the forest sector's export structure is occupied by primary processing products, followed by further processing products, which overtake the position of logs and by-products. The total value of Latvia's forest sector exports, like the total value of the country's exports, has tended to increase. The analysis of the data obtained will allow an understanding of the factors influencing the development of forestry exports. [ABSTRACT FROM AUTHOR]