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.

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Latvia Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-11 10:00 AM Aug €-500.4M €-399.5M
2021-11-10 11:00 AM Sep €-188.7M €-500.4M € -270M
2021-12-10 11:00 AM Oct €-188.7M


Related Last Previous Unit Reference
Balance of Trade -188.70 -500.40 EUR Million Sep/21
Exports 1614.18 1446.40 EUR Million Sep/21
Imports 1802.88 1946.80 EUR Million Sep/21
Tourist Arrivals 107010.00 83909.00 Persons Aug/21

News Stream
Latvia Trade Gap Widens in September
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.
2021-11-10
Latvia August Trade Shortfall Widest Since 2007
Latvia’s trade deficit widened to EUR 500.4 million in August of 2021 from EUR 152.2 million in the same month a year ago. It was the largest monthly trade shortfall since July of 2007, as imports jumped 56.3 percent year-on-year to a record high of EUR 1946.8 million driven by purchases of vehicles, especially aircraft, spacecraft, and parts thereof; mineral products; base metals and articles of base metals thereof; wood and articles of wood. Imports from the European Union increased 32.6 percent and those from CIS countries soared 100 percent. Meanwhile, exports advanced 32.3 percent to EUR 1446.4 million, mostly due to shipments of wood and articles of wood; base metals and articles of base metals and vegetable products. Exports to EU countries rose by 31.8 percent and those to CIS countries went up by 8.8 percent.
2021-10-11
Latvia Trade Shortfall Widest since 2008
Latvia's trade deficit widened to EUR 399.5 million in July of 2021 from EUR 290.5 million in the same month a year ago. It was the largest monthly trade shortfall since September of 2008, as imports jumped 28.1 percent year-on-year to a record high of EUR 1,328.8 million, driven by purchases of mineral products; base metals & articles of base metals; and woods & articles of woods. Imports from the European Union increased 19.7 percent and those from CIS countries soared 116 percent. Meanwhile, exports advanced 25.5 percent to EUR 1,328.8 million, mostly due to shipments of wood & articles of wood; base metals & articles of base metals; and mineral products . Exports to EU countries rose by 23.3 percent and those to CIS countries went up by 5.8 percent.
2021-09-09

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.