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

The trade deficit in Latvia narrowed by 9.7% year-on-year to EUR 158.7 million in April of 2018 from a downwardly revised EUR 175.8 million in the same month of the previous year. Exports rose 15.3% to EUR 985.9 million, boosted by higher sales of wood & articles of wood (24.4%); machinery & mechanical appliances (40.3%); vehicles & parts thereof (23.3%); cereal products (98.3%); beverages (24.9%); mineral fuels, petroleum & products thereof (10%) and iron & steel products (24.1%). The major export partners were Lithuania (15.1%); Estonia (10.7%); Germany (7.9%) and Sweden (7.8%). Meanwhile, imports increased 11% to EUR 1,144 million, mainly driven by purchases of machinery & mechanical appliances (24.9%); vehicles & parts thereof (3.7%); plastics & articles thereof (16.1%); iron & steel (35.3%), and its products (19.1%); pharmaceutical products (8.3%) and wood & articles thereof (37.5%). Main import partners were Lithuania (17.7%); Germany (11.3%); Poland (9.1%) and Estonia (7.9%). Balance of Trade in Latvia averaged -164.68 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
2018-04-09 10:00 AM Balance of Trade €-156.5M €-129.5M €-184M
2018-05-11 10:00 AM Balance of Trade €-253.8M €-156.5M €-200M
2018-06-11 10:00 AM Balance of Trade €-158.7M €-253.8M €-180M
2018-07-11 10:00 AM Balance of Trade €-158.7M
2018-08-09 10:00 AM Balance of Trade € -350M
2018-09-11 10:00 AM Balance of Trade


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -158.70 -253.80 40.10 -557.10 EUR Million [+]
Exports 985.92 966.24 1100.80 53.10 EUR Million [+]
Imports 1144.55 1220.00 1291.26 52.50 EUR Million [+]
Current Account 23.00 -83.00 343.00 -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 64.00 -7.00 324.00 -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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-158.70 -253.80 40.10 -557.10 1993 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -830631.00 Mar/18
Switzerland 2798.79 Apr/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


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