Exports from Latvia fell 1 percent year-on-year to EUR 1,034.5 million in September of 2018, dragged down by lower sale of electrical machinery and equipment (-4.8 percent) and machinery and mechanical appliances (-8.9 percent); while shipments of wood and articles of wood; wood charcoal rose 17.2 percent. Main export partners were Lithuania (15.6 percent of total exports), Estonia (10.7 percent), Germany (7.4 percent) and Sweden (7.1 percent). Exports in Latvia averaged 425.55 EUR Million from 1993 until 2018, reaching an all time high of 1110.32 EUR Million in November of 2017 and a record low of 53.10 EUR Million in January of 1994.
Exports in Latvia is expected to be 1040.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Latvia to stand at 1032.99 in 12 months time. In the long-term, the Latvia Exports is projected to trend around 1380.00 EUR Million in 2020, according to our econometric models.