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.