Latvia recorded a deficit of EUR 262.1 million in March 2024 compared to EUR 275.4 million deficit in the corresponding month of the previous year. Exports dropped by 18.8% to EUR 1,522 million, led by lower sales of wood, articles of wood & wood charcoal (-14.1%), electrical machinery & equipment (-20.6%) and mineral fuels, mineral oils & products of their distillation (-47%). Most exports were to Lithuania (18.2%) of total exports, followed by Estonia (12.8%) and Germany (6.9%). Moreover, imports also fell by -17% to EUR 1,784 million as purchases decreased for electrical machinery & equipment (-18.2%), vehicles & their parts (-32.4%) and machinery & mechanical appliances (-23%). The main importing partners for the period were Lithuania, accounting for (19.6%) of total imports, followed by Poland (11.6%) and Germany (11.2%). source: Central Statistical Bureau of Latvia
Latvia recorded a trade deficit of 262.10 EUR Million in March of 2024. Balance of Trade in Latvia averaged -187.39 EUR Million from 1993 until 2024, reaching an all time high of 40.13 EUR Million in February of 1993 and a record low of -641.97 EUR Million in December 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 June of 2024.
Latvia recorded a trade deficit of 262.10 EUR Million in March of 2024. Balance of Trade in Latvia is expected to be -470.00 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 -325.00 EUR Million in 2025, according to our econometric models.