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

The trade gap in Latvia narrowed slightly to EUR 297.7 million in June of 2018 from EUR 300.6 million in June of 2017. Exports rose 10.7% to EUR 1,033.8 million, boosted by higher sales of wood & articles of wood (+17%); machinery & mechanical appliances (+52.4%) and vehicles other than railway or tramway rolling stock, and parts & accessories thereof (+11.5%). The major export partners were Lithuania (15.5% of total exports); Estonia (11.4%); Sweden (6.7%) and Germany (6.4%). Meanwhile, imports advanced at a softer 7.9% to EUR 1,331.5 million, driven by purchases of machinery & mechanical appliances (+71.4%) and vehicles other than railway or tramway rolling stock, and parts & accessories thereof (+8.5%) while those of electrical machinery & equipment (-14.9%) and mineral fuels, mineral oils & products of their distillation (-7.3%) fell during June. Main import partners were Lithuania (17.1% of total imports); Germany (10.4%); Poland (9.6%) and Estonia (7.8%). Balance of Trade in Latvia averaged -165.33 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
2018-06-11 10:00 AM Balance of Trade €-158.7M €-253.8M €-180M
2018-07-11 10:00 AM Balance of Trade €-230.5M €-158.7M €-175M
2018-08-09 10:00 AM Balance of Trade €-297.7M €-230.5M € -350M
2018-09-11 10:00 AM Balance of Trade €-297.7M € -328M
2018-10-10 10:00 AM Balance of Trade € -330M
2018-11-09 11:00 AM Balance of Trade € -330M


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -297.70 -230.50 40.10 -557.10 EUR Million [+]
Exports 1033.80 1047.00 1100.80 53.10 EUR Million [+]
Imports 1331.50 1277.50 1331.50 52.50 EUR Million [+]
Current Account 49.00 -35.00 343.00 -546.00 EUR Million [+]
Current Account to GDP -0.80 1.40 11.90 -20.70 percent [+]
External Debt 35416.00 37824.00 37824.00 825.57 EUR Million [+]
Capital Flows 518000.00 122000.00 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 26.00 47.00 324.00 -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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-297.70 -230.50 40.10 -557.10 1993 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1154.26 Jul/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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