Latvia Trade Deficit Narrows in July

2026-09-09 10:15 By Mariene Camarillo 1 min. read

Latvia’s trade deficit narrowed to EUR 453.7 million in July 2026 from EUR 532.1 million in the same month a year earlier.

Exports jumped 14.9% year-on-year to EUR 1,778.0 million, lifted by higher shipments of machinery and mechanical appliances (+27.2%), electrical machinery and equipment (+24.7%), and vehicles other than railway or tramway rolling stock, and parts and accessories thereof (+18.4%).

By destination, exports rose to EU countries (15.6%), CIS countries (5.7%), and other countries (16.4%).

Meanwhile, imports rose 7.3% to EUR 2,231.7 million, driven largely by increased purchases of fuels, mineral oils, and products of their distillation (+55.5%), pharmaceutical products (+23.9%), and plastics and articles thereof (+15.8%).

Imports recorded gains from EU countries (6.3%) and other countries (15.1%), while purchases from CIS countries declined by 27.7%.

In the January–July period, the country’s cumulative trade deficit totaled EUR 2,422 million.



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Latvia Trade Deficit Widens in August
Latvia’s trade deficit widened to EUR 342.6 million in August 2026 from EUR 223.2 million in the same month a year earlier. Exports rose 10.9% year-on-year to EUR 1,749.8 million, supported by higher shipments of mineral fuels, oil and refined products (66.2%), electrical appliances and equipment (9.2%), and wood, wood products and charcoal (0.7%). By destination, exports rose to the EU (11.6%), CIS countries (10.9%), and other countries (8.7%). Meanwhile, imports climbed 16.2% to EUR 2,094.2 million, driven by higher purchases of mineral fuels, oil and refined products (52.1%), electrical appliances and equipment (21.6%), and land vehicles and parts thereof (22.1%). Imports increased notably from the EU (14.2%) and other countries (30.4%), while declining from CIS countries (-33.1%). In the January-August period, the country’s trade gap totaled EUR 2,754.4 million, widening from EUR 2,370.4 million in the same period last year.
2026-10-12
Latvia Trade Deficit Narrows in July
Latvia’s trade deficit narrowed to EUR 453.7 million in July 2026 from EUR 532.1 million in the same month a year earlier. Exports jumped 14.9% year-on-year to EUR 1,778.0 million, lifted by higher shipments of machinery and mechanical appliances (+27.2%), electrical machinery and equipment (+24.7%), and vehicles other than railway or tramway rolling stock, and parts and accessories thereof (+18.4%). By destination, exports rose to EU countries (15.6%), CIS countries (5.7%), and other countries (16.4%). Meanwhile, imports rose 7.3% to EUR 2,231.7 million, driven largely by increased purchases of fuels, mineral oils, and products of their distillation (+55.5%), pharmaceutical products (+23.9%), and plastics and articles thereof (+15.8%). Imports recorded gains from EU countries (6.3%) and other countries (15.1%), while purchases from CIS countries declined by 27.7%. In the January–July period, the country’s cumulative trade deficit totaled EUR 2,422 million.
2026-09-09
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