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

Latvia trade deficit increased to EUR 328.8 million in August of 2017 from a EUR 179.3 million shortfall a year ago. It is the largest trade gap since October of 2008. Imports jumped 21.2 percent to EUR 1287.1 million, mostly led by purchases of machinery (48 percent); mineral fuels (60.8 percent) and alcoholic and non-alcoholic beverages (91.9 percent). The most important import partners were: Lithuania (19.7 percent of total imports), Germany (10.4 percent), Poland (8.8 percent) and Estonia (7 percent). Exports advanced at a slower 8.5 percent to EUR 958.3 million, as sales grew for wood and related articles (15.6 percent); machinery (26.5 percent); mineral fuels (24.5 percent) and iron and steel products (43 percent). Main export partners were: Lithuania (17.4 percent of total exports), Estonia (11.9 percent), Germany (7.4 percent) and Sweden (5.7 percent). Balance of Trade in Latvia averaged -164.48 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.

Latvia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-09 10:00 AM Balance of Trade €-310.1M €-208.9M €-158M
2017-09-11 10:00 AM Balance of Trade €-321.9M €-310.1M €-220M
2017-10-10 10:00 AM Balance of Trade €-328.8M €-321.9M €-282M
2017-11-09 11:00 AM Balance of Trade €-328.8M
2017-12-11 11:00 AM Balance of Trade


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -328.80 -321.90 40.10 -557.10 EUR Million [+]
Exports 958.27 858.20 1061.70 53.10 EUR Million [+]
Imports 1287.14 1180.10 1287.14 52.50 EUR Million [+]
Current Account -56.00 -145.00 343.50 -546.30 EUR Million [+]
Current Account to GDP 1.50 -0.80 11.90 -20.70 percent [+]
External Debt 37424.00 37244.91 37810.39 825.57 EUR Million [+]
Capital Flows 190000.00 243880.00 1035230.00 -1395300.00 EUR THO [+]
Gold Reserves 6.62 6.62 7.75 6.62 Tonnes [+]
Foreign Direct Investment 42.00 73.00 267.87 -340.00 EUR Million [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-328.80 -321.90 40.10 -557.10 1993 - 2017 EUR Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 113.64 Aug/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17