Imports from Latvia went up 0.3 percent year-on-year to EUR 1,383.6 million in September of 2018, boosted by higher purchases of mineral fuels, mineral oils and products of their distillation (24.2 percent); machinery and mechanical appliances (10.3 percent) and electrical machinery and equipment (8.1 percent). The major import partners were Lithuania (17.2 percent of total imports), Germany (9.4 percent), Poland (8.2 percent) and Estonia (6.8 percent). Imports in Latvia averaged 592.91 EUR Million from 1993 until 2018, reaching an all time high of 1473.29 EUR Million in August of 2018 and a record low of 52.50 EUR Million in September of 1993.
Imports 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 Imports in Latvia to stand at 1395.69 in 12 months time. In the long-term, the Latvia Imports is projected to trend around 1590.00 EUR Million in 2020, according to our econometric models.
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