Latvia Balance of Trade  1993-2017 | Data | Chart | Calendar | Forecast

Latvia trade gap increased to EUR 166.5 million in October of 2017 from EUR 139.6 million in the same month a year ago. Imports surged 10.9 percent to EUR 1237.1 million, underpinned by purchases of machinery and mechanical appliances (24.2 percent); chemicals and allied industries products (28.1 percent); mineral fuels (3.7 percent); articles of iron and steel (40.5 percent) and beverages and spirits (47.9 percent). The major import partners were Lithuania (18.3 percent of total imports), Germany (11.4 percent), Poland (8.9 percent) and Estonia (7.4 percent). Exports grew at a slower 9.7 percent to EUR 1070.6 million, mainly driven by sales of wood and wood articles (18.8 percent); iron and steel (81.1 percent); base metals and metal products (43.3 percent); chemicals and allied industries products (18.2 percent) and prepared foodstuffs (37.8 percent). Main export partners were Lithuania (16 percent), Estonia (11.3 percent), Germany (6.7 percent) and Sweden (6.2 percent). Balance of Trade in Latvia averaged -164.66 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
2017-10-10 10:00 AM Balance of Trade €-328.8M €-321.9M €-282M
2017-11-09 11:00 AM Balance of Trade €-211.6M €-328.8M €-180M
2017-12-11 11:00 AM Balance of Trade €-166.5M €-211.6M €-146M
2018-01-09 11:00 AM Balance of Trade €-166.5M
2018-02-09 11:00 AM Balance of Trade
2018-03-12 11:00 AM Balance of Trade


Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -166.50 -211.60 40.10 -557.10 EUR Million [+]
Exports 1070.56 1034.37 1070.56 53.10 EUR Million [+]
Imports 1237.10 1245.95 1287.14 52.50 EUR Million [+]
Current Account 95.00 -45.00 343.00 -546.00 EUR Million [+]
Current Account to GDP 1.50 -0.80 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 0.00 324.00 324.00 -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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-166.50 -211.60 40.10 -557.10 1993 - 2017 EUR Million Monthly




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 18923.20 Oct/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -13829.20 Nov/17
Indonesia 127.20 Nov/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 5157.00 Oct/17
Russia 9832.00 Oct/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17