Latvia’s trade deficit widened slightly to EUR 476 million in June 2026 from EUR 474.2 million in the same month a year earlier. Exports jumped 18.6% year-on-year to EUR 1,695.6 million, driven largely by higher shipments of mineral fuels, oils, and products of their distillation (+42.8%), pharmaceutical products (+34.5%), and electrical machinery and equipment (+27.8%). By destination, exports rose to EU countries (19.0%), CIS countries (27.5%), and other countries (14.7%). Meanwhile, imports grew by 14.1% to EUR 2,171.6 million, supported by increased purchases of iron and steel (+42.7%), vehicles other than railway or tramway rolling stock, and parts and accessories thereof (+25.7%), and plastics and articles thereof (+21.9%). Imports from EU countries (13.4%) and other countries (19.5%) saw gains, while purchases from CIS countries declined by 8.6%. In the January–June period, the country’s cumulative trade deficit totaled EUR 1,959.8 million. source: Central Statistical Bureau of Latvia

Latvia recorded a trade deficit of 476 EUR Million in June of 2026. Balance of Trade in Latvia averaged -186.63 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 August of 2026.

Latvia recorded a trade deficit of 476 EUR Million in June of 2026. 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. In the long-term, the Latvia Balance of Trade is projected to trend around -330.00 EUR Million in 2027 and -470.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-10 10:00 AM
Balance of Trade
May €-374M €-249M €-280.0M
2026-08-11 10:15 AM
Balance of Trade
Jun €-476M €-374M €-280.0M
2026-09-09 10:00 AM
Balance of Trade
Jul €-476M


Related Last Previous Unit Reference
Balance of Trade -476.00 -374.00 EUR Million Jun 2026
Exports 1695.60 1743.70 EUR Million Jun 2026
Imports 2171.60 2117.70 EUR Million Jun 2026
Tourist Arrivals 146001.00 113366.00 May 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
-476.00 -374.00 64.50 -611.40 1993 - 2026 EUR Million Monthly

News Stream
Latvia Trade Deficit Widens in June
Latvia’s trade deficit widened slightly to EUR 476 million in June 2026 from EUR 474.2 million in the same month a year earlier. Exports jumped 18.6% year-on-year to EUR 1,695.6 million, driven largely by higher shipments of mineral fuels, oils, and products of their distillation (+42.8%), pharmaceutical products (+34.5%), and electrical machinery and equipment (+27.8%). By destination, exports rose to EU countries (19.0%), CIS countries (27.5%), and other countries (14.7%). Meanwhile, imports grew by 14.1% to EUR 2,171.6 million, supported by increased purchases of iron and steel (+42.7%), vehicles other than railway or tramway rolling stock, and parts and accessories thereof (+25.7%), and plastics and articles thereof (+21.9%). Imports from EU countries (13.4%) and other countries (19.5%) saw gains, while purchases from CIS countries declined by 8.6%. In the January–June period, the country’s cumulative trade deficit totaled EUR 1,959.8 million.
2026-08-11
Latvia Trade Deficit Widens in May
Latvia’s trade deficit widened to EUR 374 million in May 2026 from EUR 301.1 million in the same month a year earlier. Imports rose 9.6% year-on-year to EUR 2,118 million, driven by higher purchases of mineral fuels, oil and refined petroleum products (58.3%), electrical machinery and equipment (18%), and vehicles and related parts (10.3%). By destination, imports increased from EU countries (6.7%), other countries (31.3%), while it fell to CIS countries (-20.4%). Meanwhile, exports grew 6.9% to EUR 1,744 million, supported by stronger shipments of mineral fuels, oil and refined petroleum products (65.1%), electrical machinery and equipment (13%), vehicles and related parts (8.9%), and machinery and mechanical appliances (8.9%). Exports to EU countries increased 10.7%, while shipments to CIS countries fell 2.8% and those to other countries edged down 0.5%. In the first five months of the year, the country's cumulative trade deficit totaled EUR 1,486 million.
2026-07-10
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