Latvia’s trade deficit narrowed to EUR 336.6 million in December 2025 from EUR 370.3 million a year earlier, as exports grew at a faster pace than imports. Exports rose 2.7% year-on-year to EUR 1,516 million, mainly driven by higher sales in electrical appliances and equipment (16.2%), alcoholic and non-alcoholic beverages (16.1%), and mechanisms and mechanical devices (13.5%). Export shipments increased to the EU countries (9%), and CIS countries (20.9%). Meanwhile, imports edged up by 0.3% to 1,852 million, supported by higher purchases of electrical appliances and equipment (25.5%), pharmaceutical products (11.9%), and land vehicles and parts (4.6%). However, imports from the EU countries fell (-2.1%), and CIS countries (-21.7%), while for other countries rose (25%). source: Central Statistical Bureau of Latvia

Latvia recorded a trade deficit of 336.60 EUR Million in December of 2025. Balance of Trade in Latvia averaged -184.75 EUR Million from 1993 until 2025, reaching an all time high of 64.40 EUR Million in January of 2024 and a record low of -611.40 EUR Million in July of 2022. This page provides - Latvia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Latvia recorded a trade deficit of 336.60 EUR Million in December of 2025. Balance of Trade in Latvia is expected to be -220.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Balance of Trade is projected to trend around -620.00 EUR Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 11:00 AM
Balance of Trade
Nov €-326M €-290M €-170.0M
2026-02-10 11:00 AM
Balance of Trade
Dec €-337M €-326M € -500M
2026-03-12 11:00 AM
Balance of Trade
Jan €-337M


Related Last Previous Unit Reference
Balance of Trade -336.60 -325.90 EUR Million Dec 2025
Exports 1515.60 1551.63 EUR Million Dec 2025
Imports 1852.20 1877.47 EUR Million Dec 2025
Tourist Arrivals 99700.00 120615.00 Nov 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
-336.60 -325.90 64.40 -611.40 1993 - 2025 EUR Million Monthly

News Stream
Latvia Trade Deficit Narrows in December
Latvia’s trade deficit narrowed to EUR 336.6 million in December 2025 from EUR 370.3 million a year earlier, as exports grew at a faster pace than imports. Exports rose 2.7% year-on-year to EUR 1,516 million, mainly driven by higher sales in electrical appliances and equipment (16.2%), alcoholic and non-alcoholic beverages (16.1%), and mechanisms and mechanical devices (13.5%). Export shipments increased to the EU countries (9%), and CIS countries (20.9%). Meanwhile, imports edged up by 0.3% to 1,852 million, supported by higher purchases of electrical appliances and equipment (25.5%), pharmaceutical products (11.9%), and land vehicles and parts (4.6%). However, imports from the EU countries fell (-2.1%), and CIS countries (-21.7%), while for other countries rose (25%).
2026-02-10
Latvia Trade Deficit Widens Sharply
Latvia's trade deficit widened sharply to EUR 325.9 million in November 2025, from EUR 104.7 million in the same month of the previous year. Imports rose 7.4% year-on-year to EUR 1,877 million, mainly driven by higher purchases of electrical appliances and equipment (15.8%), mineral fuels, oil, and refined products (9.6%), and land vehicles and parts (10%). Among major trading partners, imports from the EU increased 7.5%, including an 8% rise from the Euro Area. Imports from CIS countries shrank by 55.2%, while imports from other countries grew 18.3%. Meanwhile, exports declined 5.6% year-on-year to EUR 1,552 million, weighed down by lower sales of wood products and charcoal (-12%), which offset growth in electrical appliances and equipment (1.1%), mineral fuels, oil, and refined products (25.7%), and mechanical devices and machinery (18.7%). Exports to the EU rose 7.4%, including a 9% increase to the Euro Area, while exports to CIS countries (-26.8%) and other regions (-34.3%) fell.
2026-01-09
Latvia Trade Deficit Widens in October
Latvia's trade deficit widened to EUR 290 million in October 2025, from EUR 270 million in the same month of the previous year. Imports rose by 2.9% year-on-year to EUR 2,095 million, primarily driven by higher purchases of electrical appliances and equipment (27.1%), land vehicles, parts thereof (15.6%), and machinery and mechanical devices (9.5%). Among major trading partners, imports from the EU rose 2.2%, including a 2.7% increase from the Euro Area. Imports from CIS countries slumped 56.4%, while those from third countries grew 16.5%. Meanwhile, exports rose by 2.2% year-on-year to EUR 1,806 million, supported by increased sales of wood and its products, charcoal (2.8%), electrical appliances and equipment (10.5%), and mineral fuels, oil, and refined products (17.1%). Exports to the EU rose 6.8%, including a 6.1% gain to the Euro Area, while sales declined to both CIS countries (-1.6%) and other regions (-8.2%), particularly a 5% drop in exports to the US.
2025-12-10