Latvia's trade deficit widened to EUR 306 million in November 2022 from EUR 55.3 million in the same month last year. Imports rose 34.2 percent to EUR 2.25 billion, mainly due to purchases of mineral products, machinery & mechanical appliances; electrical equipment, prepared foodstuffs and vehicles & associated transport equipment. Main import partners were Lithuania (28.7 percent of total imports), Germany (10.2 percent), Poland (9.3 percent) and Estonia (8.6 percent). Meanwhile, exports were up at a slower 20 percent to EUR 1.94 billion, driven by sales of mineral products, vegetable products, prepared foodstuffs and machinery & mechanical appliances; electrical equipment. The main exports partners were Lithuania (16.1 percent of total exports), Estonia (12.5 percent), Russia (6.6 percent), Germany (6.1 percent) and Sweden (5.3 percent). source: Central Statistical Bureau of Latvia

Balance of Trade in Latvia averaged -181.74 EUR Million from 1993 until 2022, reaching an all time high of 40.13 EUR Million in February of 1993 and a record low of -660.02 EUR Million in May of 2022. This page provides - Latvia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

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Latvia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-12 11:00 AM Oct €-565.1M €-332.5M €-295M
2023-01-10 11:00 AM Nov €-305.6M €-565.1M
2023-02-09 11:00 AM Dec €-305.6M € -90M


Related Last Previous Unit Reference
Balance of Trade -305.60 -565.14 EUR Million Nov 2022
Imports 2254.82 2380.63 EUR Million Nov 2022
Exports 1949.20 1815.49 EUR Million Nov 2022
Tourist Arrivals 74761.00 100190.00 Nov 2022

Latvia Balance of Trade
Latvia exports mainly wood and wood products, machinery and equipment, iron and steel, textiles and foodstuffs. Latvia's main export partners are Lithuania, Russia, Estonia, Germany and Sweden. Latvia imports machinery and equipment, chemicals, fuels and vehicles. Main import partners are Lithuania, Germany, Russia, Poland and Estonia.
Actual Previous Highest Lowest Dates Unit Frequency
-305.60 -565.14 40.13 -660.02 1993 - 2022 EUR Million Monthly

News Stream
Latvia Trade Gap Widens in November
Latvia's trade deficit widened to EUR 306 million in November 2022 from EUR 55.3 million in the same month last year. Imports rose 34.2 percent to EUR 2.25 billion, mainly due to purchases of mineral products, machinery & mechanical appliances; electrical equipment, prepared foodstuffs and vehicles & associated transport equipment. Main import partners were Lithuania (28.7 percent of total imports), Germany (10.2 percent), Poland (9.3 percent) and Estonia (8.6 percent). Meanwhile, exports were up at a slower 20 percent to EUR 1.94 billion, driven by sales of mineral products, vegetable products, prepared foodstuffs and machinery & mechanical appliances; electrical equipment. The main exports partners were Lithuania (16.1 percent of total exports), Estonia (12.5 percent), Russia (6.6 percent), Germany (6.1 percent) and Sweden (5.3 percent).
2023-01-10
Latvia Trade Gap Widens Amid a Surge in Imports
Latvia's trade deficit widened to EUR 565.1 million in October 2022 from EUR 296.8 million in the same month last year, as imports surged 27.6 percent to EUR 2.38 billion, boosted by purchases of mineral products, machinery and mechanical appliances; electrical equipment, and prepared foodstuffs. Main import partners were Lithuania (29.2 percent of total imports), Estonia (9.9 percent), Germany (8.9 percent), Poland (8.7 percent) and Russia (5.6 percent). Meanwhile, exports were up at a slower 15.7 percent to EUR 1.82 billion, driven by sales of mineral products, prepared foodstuffs, and machinery and mechanical appliances; electrical equipment. The main exports partners were Lithuania (17.5 percent of total exports), Estonia (11.5 percent), Germany (7.2 percent), Sweden (6.7 percent) and Russia (6.7 percent).
2022-12-12
Latvia Trade Gap Widens in September
Latvia's trade deficit widened to EUR 332.5 million in September 2022 from EUR 201.8 million in the same period last year. Imports were up 35.9 percent at EUR 2.47 billion, the second-highest on record, boosted by purchases of mineral products, chemical and related products, and machinery and mechanical appliances, electrical equipment. Meanwhile, imports of vehicles and wood and articles of wood were down. The main import partners were Lithuania (27.3 percent of total imports), Estonia (13.5 percent), Poland (9.5 percent) and Germany (8.5 percent). Exports were up 32.3 percent at an all-time high of EUR 2.14 billion on the back of sales of mineral products, vegetables, machinery and mechanical appliances, electrical equipment, and chemicals and related products. The main exports partners were Lithuania (18.6 percent of total exports), Estonia (9.8 percent), Germany (6.4 percent) and the Netherlands (6 percent).
2022-11-10