Latvia Balance of Trade  1993-2017 | Data | Chart | Calendar | Forecast

Latvia trade deficit increased to EUR 310.1 million in June of 2017 from a EUR 163.6 million shortfall a year ago. Exports rose 12.2 percent to EUR 920.3 million, driven by sales of base metals (41.7 pct); electrical machinery (14.5 pct); machinery and mechanical appliances (12.3 pct); prepared foodstuffs (25.7 pct); live animals and related products (28.6 pct) and wood and wood products (5 pct). Imports jumped 25.1 percent to EUR 1230.4 million, as purchases increased for base metals (42.4 pct); prepared foodstuffs (33.7 pct); electrical machinery (16.4 pct); mineral products (19.2 pct); pharmaceuticals (38.9 pct); chemicals and allied industries (25.9 pct), iron and steel (80.4 pct) and alcoholic and non-alcoholic beverages (88.3 pct). Main export partners were: Lithuania (16.8 percent of total exports), Estonia (11.5 pct), Germany (6.9 pct) and Sweden (6.6 pct). The most important import partners were: Lithuania (19.5 pct), Germany (10.6 pct), Poland (9.1 pct) and Estonia (7.3 pct). Balance of Trade in Latvia averaged -163.53 EUR Million from 1993 until 2017, reaching an all time high of 40.10 EUR Million in February of 1993 and a record low of -557.10 EUR Million in July of 2007.