The trade gap in Latvia increased to EUR 349.1 million in September of 2018 from EUR 209.4 million in the same month of the previous year. Imports went up 0.3 percent to EUR 1,383.6 million, boosted by higher purchases of mineral fuels, mineral oils and products of their distillation (24.2 percent); machinery and mechanical appliances (10.3 percent) and electrical machinery and equipment (8.1 percent). The major import partners were Lithuania (17.2 percent of total imports), Germany (9.4 percent), Poland (8.2 percent) and Estonia (6.8 percent). Additionally, exports fell 1 percent to EUR 1,034.5 million, dragged down by lower sale of electrical machinery and equipment (-4.8 percent) and machinery and mechanical appliances (-8.9 percent); while shipments of wood and articles of wood; wood charcoal rose 17.2 percent. Main export partners were Lithuania (15.6 percent of total exports), Estonia (10.7 percent), Germany (7.4 percent) and Sweden (7.1 percent). Balance of Trade in Latvia averaged -167.36 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
2018-09-11 10:00 AM Balance of Trade €-405.6M €-297.7M € -328M
2018-10-10 10:00 AM Balance of Trade €-395M €-405.6M € -330M
2018-11-09 11:00 AM Balance of Trade €-349.1M €-395M € -330M
2018-12-11 11:00 AM Balance of Trade €-349.1M € -250M


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -349.10 -394.90 40.10 -557.10 EUR Million [+]
Exports 1034.46 1078.35 1110.32 53.10 EUR Million [+]
Imports 1383.59 1473.29 1473.29 52.50 EUR Million [+]
Current Account -46.00 -57.00 343.00 -546.00 EUR Million [+]
Current Account to GDP -0.80 1.40 11.90 -20.70 percent [+]
External Debt 35568.00 35416.00 37824.00 825.57 EUR Million [+]
Capital Flows 576000.00 518000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.60 6.60 7.75 6.60 Tonnes [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]
Foreign Direct Investment 154.00 54.00 314.00 -324.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-349.10 -394.90 40.10 -557.10 1993 - 2018 EUR Million Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 11671.20 Aug/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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