Imports to Latvia rose 11.2 percent from a year earlier to EUR 1.365 million in March of 2019, mainly due to purchases of aircraft, spacecraft and parts thereof (41.8 percent); electrical machinery and equipment (9.9 percent); pharmaceutical products (20.5 percent) and plastics and articles thereof (10.4 percent). On the other hand, imports fell for machinery and mechanical appliances (-9.2 percent); vehicles other than railway or tramway rolling stock, and parts and accessories thereof (-1.2 percent) and mineral fuels, mineral oils and products of their distillation (-33.6 percent). Main import partners were Lithuania (16.3 percent of total imports), Germany (10.2 percent), Poland (8.9 percent) and Estonia (7.8 percent). Imports in Latvia averaged 605.91 EUR Million from 1993 until 2019, reaching an all time high of 1518.30 EUR Million in October of 2018 and a record low of 52.50 EUR Million in September of 1993.

Imports in Latvia is expected to be 1490.00 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 1360.00 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.

Latvia Imports
Forecast Data Chart
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Latvia Trade Last Previous Highest Lowest Unit
Balance of Trade -273.30 -140.50 40.10 -557.20 EUR Million [+]
Current Account 29.00 247.00 343.00 -546.00 EUR Million [+]
Current Account to GDP -1.00 0.70 11.90 -20.70 percent [+]
Imports 1364.60 1099.48 1518.30 52.50 EUR Million [+]
Exports 1091.30 959.01 1186.50 53.10 EUR Million [+]
External Debt 35732.00 36246.00 37824.00 825.57 EUR Million [+]
Capital Flows -310000.00 330000.00 1032590.00 -1383970.00 EUR THO [+]
Gold Reserves 6.60 6.60 7.75 6.60 Tonnes [+]
Terrorism Index 0.46 0.00 0.66 0.00 [+]
Foreign Direct Investment -9.00 96.00 314.00 -324.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Latvia Imports

Latvia imports machinery and equipment, chemicals, fuels and vehicles. Main import partners are Lithuania, Germany, Russia, Poland and Estonia. This page provides - Latvia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Imports - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1364.60 1099.48 1518.30 52.50 1993 - 2019 EUR Million Monthly