Latvia Balance of Trade  1993-2018 | Data | Chart | Calendar | Forecast

The trade deficit in Latvia increased to EUR 394.9 million in August 2018 from EUR 291.6 million in the same month of the previous year. Imports grew 14 percent to EUR 1,473.3 million, boosted by stronger purchases of mineral fuels, mineral oils & products of their distillation (81.9%) and electrical machinery & equipment (0.8%). Contrarily, imports fell for machinery & mechanical appliances (-0.7%) and land vehicles (-20%). The major import partners were Lithuania (18.9% of total purchases), Germany (8.6%), Poland (8.5%) and Estonia (6.9%). Meantime, exports rose at a softer 7.8 percent to EUR 1,078.3 million, mainly driven by sales of wood & articles of wood; wood charcoal (30.9%) and machinery & mechanical appliances (15.6%). Main export partners were Lithuania (15.3% of total shipments), Estonia (11.9%), Sweden (8%) and Germany (7.2%). Balance of Trade in Latvia averaged -166.73 EUR Million from 1993 until 2018, 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.

Latvia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-09 10:00 AM Balance of Trade €-297.7M €-230.5M € -350M
2018-09-11 10:00 AM Balance of Trade €-405.6M €-297.7M € -328M
2018-10-10 10:00 AM Balance of Trade €-395M €-405.6M € -330M
2018-11-09 11:00 AM Balance of Trade €-395M € -330M
2018-12-11 11:00 AM Balance of Trade € -250M


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -394.90 -405.70 40.10 -557.10 EUR Million [+]
Exports 1078.35 949.75 1110.32 53.10 EUR Million [+]
Imports 1473.29 1355.42 1473.29 52.50 EUR Million [+]
Current Account -57.00 -29.00 343.00 -546.00 EUR Million [+]
Current Account to GDP -0.80 1.40 11.90 -20.70 percent [+]
External Debt 35568.00 35416.00 37824.00 825.57 EUR Million [+]
Capital Flows 576000.00 518000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.60 6.60 7.75 6.60 Tonnes [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]
Foreign Direct Investment 54.00 77.00 314.00 -324.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Latvia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-394.90 -405.70 40.10 -557.10 1993 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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