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

The trade deficit in Latvia narrowed 7.6% year-on-year to EUR 156.5 million in February 2018 from EUR 169.3 million gap a year earlier. Exports advanced 11.5% to EUR 932.7 million, boosted by sales of plant products (56.8%); wood & articles of wood (15%); machinery, mechanical appliances & electrical equipment (13.6%); chemical products & related industries (19.4%) and base metals & articles of base metals (8.4%). The major export partners were Lithuania (15.5%), Estonia (10.2%), Sweden (8.1%) and Germany (7.2%). Meanwhile, imports rose at a slower pace of 8.2% to EUR 1,089.2 million, mainly driven by purchases of machinery, mechanical appliances & electrical equipment (19.4%); base metals & articles of base metals (28.5%); wood & articles of wood (39.4%); mineral products (19.1%) and traffic vehicles & equipment (15.1%). Main import partners were Lithuania (18.1%), Germany (10.5%), Poland (8.6%) and Estonia (8%). Balance of Trade in Latvia averaged -164.58 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
2018-02-09 11:00 AM Balance of Trade €-238.1M €-100.8M €-210M
2018-03-12 11:00 AM Balance of Trade €-129.5M €-238.1M € -197.6M
2018-04-09 10:00 AM Balance of Trade €-156.5M €-129.5M €-184M
2018-05-10 10:00 AM Balance of Trade €-156.5M €-200M
2018-06-08 10:00 AM Balance of Trade
2018-07-11 10:00 AM Balance of Trade


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -156.50 -129.50 40.10 -557.10 EUR Million [+]
Exports 932.70 958.95 1101.78 53.10 EUR Million [+]
Imports 1089.20 1088.48 1291.26 52.50 EUR Million [+]
Current Account 198.00 120.00 343.00 -546.00 EUR Million [+]
Current Account to GDP -0.80 1.40 11.90 -20.70 percent [+]
External Debt 37824.00 37552.00 37824.00 825.57 EUR Million [+]
Capital Flows 122000.00 -152000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.60 6.62 7.75 6.60 Tonnes [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]
Foreign Direct Investment 82.00 39.00 324.00 -340.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-156.50 -129.50 40.10 -557.10 1993 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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