The trade gap in Latvia decreased to EUR 225.9 million in June of 2019 from EUR 301.6 million in the same month a year earlier. Exports dropped 8.2 percent to EUR 982.9 million, dragged down by lower sales of wood & articles of wood (-9.0 percent); electrical machinery & equipment (-4.7 percent) and machinery & mechanical appliances (-36.2 percent). Main export partners were: Lithuania (17.8 percent of total exports), Estonia (12.5 percent), Germany (6.7 percent) and Sweden (6.6 percent). Imports went down at a faster 11.9 percent to EUR 1,209 million, driven by lower purchases of electrical machinery & equipment (-1.2 percent); vehicles other than railway or tramway rolling stock (-4.8 percent) and machinery & mechanical appliances (-39.8 percent). The most important import partners were: Lithuania (18.4 percent of total imports), Germany (11.4 percent), Poland (9.4 percent) and Estonia (9.2 percent). Balance of Trade in Latvia averaged -169.34 EUR Million from 1993 until 2019, reaching an all time high of 40.10 EUR Million in February of 1993 and a record low of -557.20 EUR Million in July of 2007.

Balance of Trade in Latvia is expected to be -330.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Latvia to stand at -300.00 in 12 months time. In the long-term, the Latvia Balance of Trade is projected to trend around -230.00 EUR Million in 2020, according to our econometric models.

Latvia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-10 10:00 AM Balance of Trade Mar €-273.3M €-140.5M € -220M
2019-06-11 10:00 AM Balance of Trade Apr €-290.6M €-271.1M € -180M
2019-07-10 10:00 AM Balance of Trade May €-361.7M €-290.6M € -210M
2019-08-09 10:00 AM Balance of Trade Jun €-225.9M €-361.7M € -310M
2019-09-10 10:00 AM Balance of Trade Jul €-225.9M € -350M
2019-10-10 10:00 AM Balance of Trade Aug € -330M
2019-11-12 11:00 AM Balance of Trade Sep € -330M


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -225.90 -361.70 40.10 -557.20 EUR Million [+]
Current Account 41.00 -13.00 343.00 -546.00 EUR Million [+]
Current Account to GDP -1.00 0.70 11.90 -20.70 percent [+]
Imports 1208.78 1429.97 1547.79 52.50 EUR Million [+]
Exports 982.94 1068.28 1213.62 53.10 EUR Million [+]
External Debt 36107.00 35732.00 37824.00 825.57 EUR Million [+]
Capital Flows 555000.00 -310000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.60 6.60 7.75 6.60 Tonnes [+]
Terrorism Index 0.46 0.00 0.66 0.00 [+]
Foreign Direct Investment 1.00 79.00 314.00 -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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-225.90 -361.70 40.10 -557.20 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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