Latvia’s trade deficit widened to EUR 537 million in April of 2022 from EUR 269.8 million in the corresponding month of the previous year. Imports jumped by 42.5 percent on year to EUR 2159.2 million, driven by purchases of mineral products (250 percent), vehicles and associated transport equipment (64.5 percent), and chemical and allied industries (28.3 percent). Purchases from the EU rose by 42.2 percent, while those from CIS countries rose 16.8 percent. Meanwhile, exports rose at a softer 30.2 percent to 1,622.2 million, amid higher sales of wood and articles of wood (49.8 percent), mineral products (110 percent). Sales to EU countries advanced 38.9 percent, while those to CIS countries fell by 30 percent. source: Central Statistical Bureau of Latvia

Balance of Trade in Latvia averaged -175.71 EUR Million from 1993 until 2022, reaching an all time high of 40.13 EUR Million in February of 1993 and a record low of -557.12 EUR Million in July of 2007. This page provides - Latvia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Balance of Trade in Latvia is expected to be -90.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Balance of Trade is projected to trend around -90.00 EUR Million in 2023 and -230.00 EUR Million in 2024, according to our econometric models.

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Latvia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 10:00 AM Mar €-441.5M €-256.1M € -90M
2022-06-09 10:00 AM Apr €-537M €-441.5M €-350M
2022-07-11 10:00 AM May €-537M


Related Last Previous Unit Reference
Balance of Trade -537.00 -441.46 EUR Million Apr 2022
Imports 2159.20 2195.35 EUR Million Apr 2022
Exports 1622.20 1753.90 EUR Million Apr 2022
Tourist Arrivals 47115.00 36445.00 Mar 2022

Latvia Balance of Trade
Latvia exports mainly wood and wood products, machinery and equipment, iron and steel, textiles and foodstuffs. Latvia's main export partners are Lithuania, Russia, Estonia, Germany and Sweden. Latvia imports machinery and equipment, chemicals, fuels and vehicles. Main import partners are Lithuania, Germany, Russia, Poland and Estonia.
Actual Previous Highest Lowest Dates Unit Frequency
-537.00 -441.46 40.13 -557.12 1993 - 2022 EUR Million Monthly

News Stream
Latvia Trade Gap Widens in April
Latvia’s trade deficit widened to EUR 537 million in April of 2022 from EUR 269.8 million in the corresponding month of the previous year. Imports jumped by 42.5 percent on year to EUR 2159.2 million, driven by purchases of mineral products (250 percent), vehicles and associated transport equipment (64.5 percent), and chemical and allied industries (28.3 percent). Purchases from the EU rose by 42.2 percent, while those from CIS countries rose 16.8 percent. Meanwhile, exports rose at a softer 30.2 percent to 1,622.2 million, amid higher sales of wood and articles of wood (49.8 percent), mineral products (110 percent). Sales to EU countries advanced 38.9 percent, while those to CIS countries fell by 30 percent.
2022-06-09
Latvia Trade Gap Widens in March
Latvia’s trade deficit widened to EUR 441.5 million in March of 2022 from EUR 205.7 million in the corresponding month of the previous year. Imports jumped by 42.5 percent on year to EUR 2,195.4 million, driven by purchases of mineral products (370 percent), chemicals and allied industries products (32.1 percent) and base metals and articles of base metals (28.8 percent). Purchases from the EU rose by 44.1 percent, while those from CIS countries surged 63.8 percent. Meanwhile, exports rose at a softer 31.4 percent to 1,753.9 million, amid higher sales of mineral products (210 percent); wood and articles of wood (38.8 percent), and vegetable products (26.2 percent). Sales to EU countries advanced 42.3 percent, while those to CIS countries fell by 14.7 percent.
2022-05-11
Latvia Trade Gap Widens in February
Latvia’s trade deficit widened to EUR 256.1 million in February of 2022 from EUR 73.2 million in the corresponding month of the previous year. Imports jumped by 42.6 percent on the year to EUR 1,724 million, driven by purchases of vehicles and transport equipment (99 percent), mineral products (250 percent), chemicals and allied industries (51.6 percent), and machinery and mechanical appliances (19.2 percent). Purchases from the EU rose by 29.4 percent, while those from CIS countries surged 70.5 percent. Exports rose at a softer 29.2 percent to 1,467 million, amid higher sales of wood and articles of wood (35.6 percent), base metals (61 percent), and mineral products (82 percent). Sales to EU countries advanced 48.1 percent, while those to CIS countries fell by 8.5 percent.
2022-04-11