The trade gap in Latvia rose to EUR 132.4 million in November of 2018 from EUR 87.3 million in the same month of the previous year. Imports climbed 8.6% to EUR 1,300.6 million, boosted by higher purchases of machinery and mechanical appliances (2.6%); mineral fuels, mineral oils and products of their distillation (22.5%) and pharmaceutical products (22.7%). On the other hand, imports fell for electrical machinery and equipment (-1.5%) and vehicles other than railway or tramway rolling stock, and parts and accessories thereof (-12.9%). Meantime, exports grew at a softer 5.2% to EUR 1,168.2 million, led by shipments of wood and articles of wood; wood charcoal (14.8%); electrical machinery and equipment (9.2%); machinery and mechanical appliances (58.6%) and beverages, spirits and vinegar (6.8%). Balance of Trade in Latvia averaged -167.74 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.

Balance of Trade in Latvia is expected to be -220.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Latvia to stand at -228.02 in 12 months time. In the long-term, the Latvia Balance of Trade is projected to trend around -210.00 EUR Million in 2020, according to our econometric models.

Latvia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-10 10:00 AM Balance of Trade €-395M €-405.6M € -330M
2018-11-09 11:00 AM Balance of Trade €-349.1M €-395M € -330M
2018-12-11 11:00 AM Balance of Trade €-342.1M €-349.1M € -250M
2019-01-09 11:00 AM Balance of Trade €-132.4M €-342.1M € -140M
2019-02-12 11:00 AM Balance of Trade €-132.4M € -280M
2019-03-12 11:00 AM Balance of Trade € -150M
2019-04-09 10:00 AM Balance of Trade € -175M


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -132.40 -342.10 40.10 -557.10 EUR Million [+]
Current Account 92.00 -42.00 343.00 -546.00 EUR Million [+]
Current Account to GDP 0.70 1.60 11.90 -20.70 percent [+]
Imports 1300.64 1499.10 1499.10 52.50 EUR Million [+]
Exports 1168.22 1157.05 1168.22 53.10 EUR Million [+]
External Debt 36246.00 35568.00 37824.00 825.57 EUR Million [+]
Capital Flows 330000.00 576000.00 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 99.00 84.00 314.00 -324.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-132.40 -342.10 40.10 -557.10 1993 - 2018 EUR Million Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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