Latvia Balance of Trade  1993-2018 | Data | Chart | Calendar | Forecast

Latvia trade deficit increased to EUR 238.1 million in December of 2017 from EUR 231.2 million in the corresponding month a year ago. Exports advanced 7.3 percent to 951.9 million, boosted by sales of beverages (21.4 percent); mineral fuels and petroleum (18.6 percent); pharmaceutical products (15.3 percent) and machinery and mechanical appliances (12.3 percent). The major export partners were Lithuania (17.6 percent of total exports), Estonia (11.5 percent), Germany (7.2 percent) and Sweden (5.6 percent). Meanwhile, imports grew 6.4 percent to 1190 million, mainly driven by purchases of machinery and mechanical appliances (38.3 percent) and iron and steel products (37.3 percent). Main import partners were Lithuania (17.4 percent of total imports), Germany (11.4 percent), Poland (8.7 percent) and Estonia (8.3 percent).Considering full 2017, Latvia trade gap widened by EUR 746.5 million to EUR 2638 million. Exports rose 0.8 percent yoy and imports went up 2.3 percent. Balance of Trade in Latvia averaged -164.69 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 TEForecast
2017-12-11 11:00 AM Balance of Trade €-166.5M €-211.6M €-146M
2018-01-09 11:00 AM Balance of Trade €-100.8M €-166.5M €-170M
2018-02-09 11:00 AM Balance of Trade €-238.1M €-100.8M €-210M
2018-03-12 11:00 AM Balance of Trade €-238.1M € -197.6M
2018-04-11 10:00 AM Balance of Trade € -179M
2018-05-10 10:00 AM Balance of Trade € -188.7M


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -238.10 -100.80 40.10 -557.10 EUR Million [+]
Exports 951.86 1101.78 1101.78 53.10 EUR Million [+]
Imports 1190.01 1202.58 1291.26 52.50 EUR Million [+]
Current Account -37.00 74.00 343.00 -546.00 EUR Million [+]
Current Account to GDP 1.40 -0.50 11.90 -20.70 percent [+]
External Debt 37552.00 37424.00 37810.39 825.57 EUR Million [+]
Capital Flows -152000.00 190000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.62 6.62 7.75 6.62 Tonnes [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]
Foreign Direct Investment 77.00 58.00 324.00 -340.00 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-238.10 -100.80 40.10 -557.10 1993 - 2017 EUR Million Monthly




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -2050000.00 Dec/17
Switzerland 1323.45 Jan/18
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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