Latvia Balance of Trade

Last Release

Oct 31, 2025

Actual

-289.5

Units In

EUR Million

-356.3

Frequency

Monthly

Next Release

Jan 09, 2026

Time to Release

28 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
40.13 Feb 1993	-650.57 Dec 2022	-194.35 EUR Million	1993-2025	Central Statistical Bureau of Latvia

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.

Latest Updates

Latvia's trade deficit widened to EUR 290 million in October 2025, from EUR 270 million in the same month of the previous year. Imports rose by 2.9% year-on-year to EUR 2,095 million, primarily driven by higher purchases of electrical appliances and equipment (27.1%), land vehicles, parts thereof (15.6%), and machinery and mechanical devices (9.5%). Among major trading partners, imports from the EU rose 2.2%, including a 2.7% increase from the Euro Area. Imports from CIS countries slumped 56.4%, while those from third countries grew 16.5%. Meanwhile, exports rose by 2.2% year-on-year to EUR 1,806 million, supported by increased sales of wood and its products, charcoal (2.8%), electrical appliances and equipment (10.5%), and mineral fuels, oil, and refined products (17.1%). Exports to the EU rose 6.8%, including a 6.1% gain to the Euro Area, while sales declined to both CIS countries (-1.6%) and other regions (-8.2%), particularly a 5% drop in exports to the US.