Latvia Trade Deficit Narrows in April

2026-06-09 10:17 By Jereli Escobar 1 min. read

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.



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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
Latvia Trade Deficit Widens in March
Latvia’s trade deficit widened to EUR 394.6 million in March 2026 from EUR 270.1 million in the corresponding month a year earlier. Imports climbed 11.4% year-on-year to EUR 2,241.7 million, driven by higher purchases of mineral fuels, oil and refined petroleum products (58.2%), mechanisms and mechanical devices (13.9%), and pharmaceutical products (43.5%). Imports also increased from EU countries (11.4%) and non-EU countries (16.2%). Meanwhile, exports rose at a slower pace of 6% to EUR 1,847.1 million, supported by higher shipments of mineral fuels, oil and refined petroleum products (15.6%), electrical equipment and appliances (4.6%), machinery and mechanical appliances (10%), and alcoholic and non-alcoholic beverages (33.9%). Among key trading partners, exports rose to EU countries (11.5%), and CIS countries (25.8%). In the first three months of the year, the country’s trade deficit widened to EUR 900.1 million from EUR 610.3 million in the same period last year.
2026-05-11
Latvia Trade Deficit Widens in February
Latvia’s trade deficit widened to EUR 334.2 million in February 2026 from EUR 121.3 million in the same month a year earlier. Exports fell 5% year-on-year to EUR 1,550.8 million, weighed down by lower sales of wood and wood products, charcoal (-8.3%), mineral fuels and refined petroleum products (-6.8%), and plastics and related products (-11.5%). Among major partners, exports to CIS countries declined 2.8%. Meanwhile, imports rose 7.5% to EUR 1,885 million, driven by higher purchases of mineral fuels, oil and refined petroleum products (42.1%), electrical machinery and equipment (17.3%), mechanical appliances (2.5%), and pharmaceutical products (20%). Imports increased across EU countries (83.4%), CIS countries (0.7%), and other markets (15.9%). Over the first two months of the year, the country’s trade deficit rose to EUR 505.5 million, up from EUR 340.2 million in the same period last year.
2026-04-09