Latvia's trade deficit widened to EUR 332.5 million in September 2022 from EUR 201.8 million in the same period last year. Imports were up 35.9 percent at EUR 2.47 billion, the second-highest on record, boosted by purchases of mineral products, chemical and related products, and machinery and mechanical appliances, electrical equipment. Meanwhile, imports of vehicles and wood and articles of wood were down. The main import partners were Lithuania (27.3 percent of total imports), Estonia (13.5 percent), Poland (9.5 percent) and Germany (8.5 percent). Exports were up 32.3 percent at an all-time high of EUR 2.14 billion on the back of sales of mineral products, vegetables, machinery and mechanical appliances, electrical equipment, and chemicals and related products. The main exports partners were Lithuania (18.6 percent of total exports), Estonia (9.8 percent), Germany (6.4 percent) and the Netherlands (6 percent). source: Central Statistical Bureau of Latvia
Balance of Trade in Latvia averaged -180.47 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 -660.02 EUR Million in May of 2022. 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 December 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.