Latvia's trade deficit narrowed to EUR 171.3 million in January 2026, from EUR 218.9 million in the corresponding month of the previous year. Exports declined by 6.6% year-on-year to EUR 1,575.1 million, weighed down by lower sales of wood and articles of wood; wood charcoal (-2.9%), mineral fuels, mineral oils and products of their distillation (-17.1%), machinery and mechanical appliances (-5.1%), and cereals (-41.1%). Exports dropped the most to CIS countries (-16.5%) and other countries (-38.1%). However, exports rose to EU countries (6.2%). Meanwhile, imports slumped 8.3% from a year earlier to EUR 1,746.4 million, primarily due to decreased purchases of electrical machinery and equipment (-5.6%), mineral fuels, mineral oils, and products of their distillation (-16.7%), vehicles and parts (-3.0%), plastics and articles thereof (-12.4%), and iron and steel (-49.6%). Arrivals declined from CIS countries (-64.4%) and EU countries (-8.8%), while it rose for other countries (6.5%). source: Central Statistical Bureau of Latvia

Latvia recorded a trade deficit of 171 EUR Million in January of 2026. Balance of Trade in Latvia averaged -184.81 EUR Million from 1993 until 2026, reaching an all time high of 64.40 EUR Million in January of 2024 and a record low of -611.40 EUR Million in July 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 April of 2026.

Latvia recorded a trade deficit of 171 EUR Million in January of 2026. Balance of Trade in Latvia is expected to be -280.00 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 -620.00 EUR Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-10 11:00 AM
Balance of Trade
Dec €-337M €-326M € -500M
2026-03-12 11:00 AM
Balance of Trade
Jan €-171M €-337M €-250.0M
2026-04-09 10:00 AM
Balance of Trade
Feb €-171M


Related Last Previous Unit Reference
Balance of Trade -171.00 -336.60 EUR Million Jan 2026
Exports 1575.10 1515.60 EUR Million Jan 2026
Imports 1746.40 1852.20 EUR Million Jan 2026
Tourist Arrivals 78197.00 115059.00 Jan 2026


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
-171.00 -336.60 64.40 -611.40 1993 - 2026 EUR Million Monthly

News Stream
Latvia Trade Deficit Narrows in January
Latvia's trade deficit narrowed to EUR 171.3 million in January 2026, from EUR 218.9 million in the corresponding month of the previous year. Exports declined by 6.6% year-on-year to EUR 1,575.1 million, weighed down by lower sales of wood and articles of wood; wood charcoal (-2.9%), mineral fuels, mineral oils and products of their distillation (-17.1%), machinery and mechanical appliances (-5.1%), and cereals (-41.1%). Exports dropped the most to CIS countries (-16.5%) and other countries (-38.1%). However, exports rose to EU countries (6.2%). Meanwhile, imports slumped 8.3% from a year earlier to EUR 1,746.4 million, primarily due to decreased purchases of electrical machinery and equipment (-5.6%), mineral fuels, mineral oils, and products of their distillation (-16.7%), vehicles and parts (-3.0%), plastics and articles thereof (-12.4%), and iron and steel (-49.6%). Arrivals declined from CIS countries (-64.4%) and EU countries (-8.8%), while it rose for other countries (6.5%).
2026-03-12
Latvia Trade Deficit Narrows in December
Latvia’s trade deficit narrowed to EUR 336.6 million in December 2025 from EUR 370.3 million a year earlier, as exports grew at a faster pace than imports. Exports rose 2.7% year-on-year to EUR 1,516 million, mainly driven by higher sales in electrical appliances and equipment (16.2%), alcoholic and non-alcoholic beverages (16.1%), and mechanisms and mechanical devices (13.5%). Export shipments increased to the EU countries (9%), and CIS countries (20.9%). Meanwhile, imports edged up by 0.3% to 1,852 million, supported by higher purchases of electrical appliances and equipment (25.5%), pharmaceutical products (11.9%), and land vehicles and parts (4.6%). However, imports from the EU countries fell (-2.1%), and CIS countries (-21.7%), while for other countries rose (25%).
2026-02-10
Latvia Trade Deficit Widens Sharply
Latvia's trade deficit widened sharply to EUR 325.9 million in November 2025, from EUR 104.7 million in the same month of the previous year. Imports rose 7.4% year-on-year to EUR 1,877 million, mainly driven by higher purchases of electrical appliances and equipment (15.8%), mineral fuels, oil, and refined products (9.6%), and land vehicles and parts (10%). Among major trading partners, imports from the EU increased 7.5%, including an 8% rise from the Euro Area. Imports from CIS countries shrank by 55.2%, while imports from other countries grew 18.3%. Meanwhile, exports declined 5.6% year-on-year to EUR 1,552 million, weighed down by lower sales of wood products and charcoal (-12%), which offset growth in electrical appliances and equipment (1.1%), mineral fuels, oil, and refined products (25.7%), and mechanical devices and machinery (18.7%). Exports to the EU rose 7.4%, including a 9% increase to the Euro Area, while exports to CIS countries (-26.8%) and other regions (-34.3%) fell.
2026-01-09