Letónia Balança Comercial

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.