Lettonie Balance Commerciale

Latvia recorded a trade deficit of EUR 230.0 million in August 2025, narrowing from EUR 296.0 million a year earlier. Imports declined 1.6% year-on-year to EUR 1,769.1 million, led by lower purchases of mineral products (-17.5%), products of the chemical and allied industries (-7.7%), and prepared foodstuffs (-4.1%). By region, imports fell from CIS countries (-69.2%) and EU (-0.6%), while purchases rose from other countries (+4.6%). Notably, imports from the US surged 4.3 times, driven by machinery and mechanical appliances, and electrical equipment and mineral products. Exports rose 2.5% to EUR 1,539.1 million, supported by higher shipments of mineral products (+20.8%), vehicles and associated transport equipment (+22.6%), and live animals and animal products (+21.0%). By destination, exports increased to EU countries (+3.7%) and other countries (+0.04%), but declined to CIS (-0.3%). Exports to the US dropped 8.7%, mainly due to a reduction in chemical and allied industries products.