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

Latvia trade deficit increased to EUR 310.1 million in June of 2017 from a EUR 163.6 million shortfall a year ago. Exports rose 12.2 percent to EUR 920.3 million, driven by sales of base metals (41.7 pct); electrical machinery (14.5 pct); machinery and mechanical appliances (12.3 pct); prepared foodstuffs (25.7 pct); live animals and related products (28.6 pct) and wood and wood products (5 pct). Imports jumped 25.1 percent to EUR 1230.4 million, as purchases increased for base metals (42.4 pct); prepared foodstuffs (33.7 pct); electrical machinery (16.4 pct); mineral products (19.2 pct); pharmaceuticals (38.9 pct); chemicals and allied industries (25.9 pct), iron and steel (80.4 pct) and alcoholic and non-alcoholic beverages (88.3 pct). Main export partners were: Lithuania (16.8 percent of total exports), Estonia (11.5 pct), Germany (6.9 pct) and Sweden (6.6 pct). The most important import partners were: Lithuania (19.5 pct), Germany (10.6 pct), Poland (9.1 pct) and Estonia (7.3 pct). Balance of Trade in Latvia averaged -163.53 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 Forecast (i)
2017-06-09 10:00 AM Apr €-162.3M €-229.5M €-197M
2017-07-11 10:00 AM May €-208.9M €-162.3M €-156M
2017-08-09 10:00 AM Jun €-310.1M €-208.9M €-158M
2017-09-11 10:00 AM Jul €-310.1M
2017-10-10 10:00 AM Aug
2017-11-09 11:00 AM Sep


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -310.10 -208.90 40.10 -557.10 EUR Million [+]
Exports 920.28 936.90 1061.69 53.10 EUR Million [+]
Imports 1230.43 1145.80 1230.43 52.50 EUR Million [+]
Current Account -187.00 -58.40 343.50 -546.30 EUR Million [+]
Current Account to GDP 1.50 -0.80 11.90 -20.70 percent [+]
External Debt 37244.91 36853.29 37810.39 825.57 EUR Million [+]
Capital Flows 243880.00 277700.00 1035230.00 -1395300.00 EUR THO [+]
Gold Reserves 6.62 6.62 7.75 6.62 Tonnes [+]
Foreign Direct Investment -39.77 16.10 267.87 -339.12 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 Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-310.10 -208.90 40.10 -557.10 1993 - 2017 EUR Million Monthly



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17