Exports from Latvia fell 0.6 percent year-on-year to EUR 962.5 million in January 2019, mainly dragged down by lower sales of machinery and mechanical appliances (-46.3 percent); mineral fuels, mineral oils (-13 percent) and cereals (-6.9 percent). The major export partners were Lithuania (16 percent of total exports), Estonia (12.2 percent), Germany (8.4 percent) and Sweden (7.8 percent) Exports in Latvia averaged 433.73 EUR Million from 1993 until 2019, reaching an all time high of 1168.22 EUR Million in November of 2018 and a record low of 53.10 EUR Million in January of 1994.
Exports in Latvia is expected to be 1250.00 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 1210.00 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.