Latvia’s trade deficit widened to EUR 188.7 million in September of 2021 from EUR 148.1 million in the same month a year ago as imports jumped 24.4 percent year-on year to EUR 1803 million EUR driven by purchases of mineral products; chemical and allied industries products; base metals and articles of base metals; machinery and equipment; and wood and articles of wood. Import from the European Union soared 22.7 percent and those from CIS countries increased 58.6 percent. Meanwhile, exports advanced at a softer 24.1 percent to EUR 1614.2 million, mostly due to shipments of wood and articles of wood; and base metals and articles of base metals. Exports to EU countries rose by 28.8 percent whereas those to CIS countries dropped by 8.3 percent. source: Central Statistical Bureau of Latvia
Balance of Trade in Latvia averaged -173.33 EUR Million from 1993 until 2021, reaching an all time high of 40.13 EUR Million in February of 1993 and a record low of -557.12 EUR Million in July of 2007. 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 November of 2021.
Balance of Trade in Latvia is expected to be -90.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Balance of Trade is projected to trend around -90.00 EUR Million in 2022 and -230.00 EUR Million in 2023, according to our econometric models.