Letónia Balança Comercial

Latvia's trade deficit widened to EUR 290 million in October 2025, from EUR 270 million in the same month of the previous year. Imports rose by 2.9% year-on-year to EUR 2,095 million, primarily driven by higher purchases of electrical appliances and equipment (27.1%), land vehicles, parts thereof (15.6%), and machinery and mechanical devices (9.5%). Among major trading partners, imports from the EU rose 2.2%, including a 2.7% increase from the Euro Area. Imports from CIS countries slumped 56.4%, while those from third countries grew 16.5%. Meanwhile, exports rose by 2.2% year-on-year to EUR 1,806 million, supported by increased sales of wood and its products, charcoal (2.8%), electrical appliances and equipment (10.5%), and mineral fuels, oil, and refined products (17.1%). Exports to the EU rose 6.8%, including a 6.1% gain to the Euro Area, while sales declined to both CIS countries (-1.6%) and other regions (-8.2%), particularly a 5% drop in exports to the US.