Latvia Balance of Trade

Last Release

Apr 30, 2025

Actual

-268

Units In

EUR Million

-272.8

Frequency

Monthly

Next Release

Jul 10, 2025

Time to Release

28 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
40.13 Feb 1993	-650.57 Dec 2022	-191.8 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 narrowed to EUR 268 million in April 2025 from EUR 318 million in the same month last year, as exports rose more than imports. Year-on-year, exports advanced by 8.9% to EUR 1,671.9 million, driven by higher sales of mineral fuels, mineral oils and products of their distillation (59.6%), dairy produce, bird’s eggs, natural honey (42.3%), and pharmaceutical products (24.9%). Shipments to the EU (11.2%) and other countries (11%) rose, while exports to CIS (-14.1%) dropped. Meanwhile, imports increased at a softer 4.7% to EUR 1,939.9 million, mainly due to increased purchases of mineral fuels, mineral oils and products of their distillation (40.5%), optical, medical or surgical instruments and apparatus (24%), and pharmaceutical products (14.6%). Imports from both the EU (6.1%) and other countries (9.7%) increased, while arrivals dropped significantly from CIS (-50.4%).