Latvia’s trade deficit narrowed slightly to EUR 249.2 million in April 2026 from EUR 262.2 million in the same month a year earlier. Exports increased 13.9% year-on-year to EUR 1,939 million, driven by stronger sales of mineral fuels, oil and refined products (89.1%), wood and wood products, including charcoal (6.5%), electrical machinery and equipment (17.6%), and vehicles and related parts (12%). Among major trading partners, exports grew to EU countries (9.4%), CIS countries (1.9%), and other markets (31%). Meanwhile, imports rose 11.4% to EUR 2,188.2 million, supported by higher purchases of mineral fuels, oil and refined products (75.1%), electrical machinery and equipment (10.5%), vehicles and related parts (2.9%), and machinery and mechanical appliances (15.2%). Imports also increased from EU countries (10.2%) and other countries (21.4%), while declining from CIS countries (-12.9%). In the first four months of the year, the country’s trade deficit amounted to EUR 1,132 million. source: Central Statistical Bureau of Latvia

Latvia recorded a trade deficit of 249.20 EUR Million in April of 2026. Balance of Trade in Latvia averaged -185.54 EUR Million from 1993 until 2026, reaching an all time high of 64.50 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 July of 2026.

Latvia recorded a trade deficit of 249.20 EUR Million in April of 2026. Balance of Trade in Latvia is expected to be -320.00 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
2026-05-11 10:00 AM
Balance of Trade
Mar €-395M €-334M € -220M
2026-06-09 10:00 AM
Balance of Trade
Apr €-249M €-395M €-420.0M
2026-07-10 10:00 AM
Balance of Trade
May €-249M €-280.0M


Related Last Previous Unit Reference
Balance of Trade -249.20 -394.60 EUR Million Apr 2026
Exports 1939.00 1847.10 EUR Million Apr 2026
Imports 2188.20 2241.70 EUR Million Apr 2026
Tourist Arrivals 113366.00 90291.00 Apr 2026


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
-249.20 -394.60 64.50 -611.40 1993 - 2026 EUR Million Monthly

News Stream
Latvia Trade Deficit Narrows in April
Latvia’s trade deficit narrowed slightly to EUR 249.2 million in April 2026 from EUR 262.2 million in the same month a year earlier. Exports increased 13.9% year-on-year to EUR 1,939 million, driven by stronger sales of mineral fuels, oil and refined products (89.1%), wood and wood products, including charcoal (6.5%), electrical machinery and equipment (17.6%), and vehicles and related parts (12%). Among major trading partners, exports grew to EU countries (9.4%), CIS countries (1.9%), and other markets (31%). Meanwhile, imports rose 11.4% to EUR 2,188.2 million, supported by higher purchases of mineral fuels, oil and refined products (75.1%), electrical machinery and equipment (10.5%), vehicles and related parts (2.9%), and machinery and mechanical appliances (15.2%). Imports also increased from EU countries (10.2%) and other countries (21.4%), while declining from CIS countries (-12.9%). In the first four months of the year, the country’s trade deficit amounted to EUR 1,132 million.
2026-06-09
Latvia Trade Deficit Widens in March
Latvia’s trade deficit widened to EUR 394.6 million in March 2026 from EUR 270.1 million in the corresponding month a year earlier. Imports climbed 11.4% year-on-year to EUR 2,241.7 million, driven by higher purchases of mineral fuels, oil and refined petroleum products (58.2%), mechanisms and mechanical devices (13.9%), and pharmaceutical products (43.5%). Imports also increased from EU countries (11.4%) and non-EU countries (16.2%). Meanwhile, exports rose at a slower pace of 6% to EUR 1,847.1 million, supported by higher shipments of mineral fuels, oil and refined petroleum products (15.6%), electrical equipment and appliances (4.6%), machinery and mechanical appliances (10%), and alcoholic and non-alcoholic beverages (33.9%). Among key trading partners, exports rose to EU countries (11.5%), and CIS countries (25.8%). In the first three months of the year, the country’s trade deficit widened to EUR 900.1 million from EUR 610.3 million in the same period last year.
2026-05-11
Latvia Trade Deficit Widens in February
Latvia’s trade deficit widened to EUR 334.2 million in February 2026 from EUR 121.3 million in the same month a year earlier. Exports fell 5% year-on-year to EUR 1,550.8 million, weighed down by lower sales of wood and wood products, charcoal (-8.3%), mineral fuels and refined petroleum products (-6.8%), and plastics and related products (-11.5%). Among major partners, exports to CIS countries declined 2.8%. Meanwhile, imports rose 7.5% to EUR 1,885 million, driven by higher purchases of mineral fuels, oil and refined petroleum products (42.1%), electrical machinery and equipment (17.3%), mechanical appliances (2.5%), and pharmaceutical products (20%). Imports increased across EU countries (83.4%), CIS countries (0.7%), and other markets (15.9%). Over the first two months of the year, the country’s trade deficit rose to EUR 505.5 million, up from EUR 340.2 million in the same period last year.
2026-04-09