Lettonie Balance Commerciale

Latvia’s trade deficit widened to EUR 291.9 million in October 2024, from EUR 205.3 million in the corresponding month of the previous year. Exports increased by 1.3% year-on-year to EUR 1,718.9 million, driven by higher sales in mineral fuels, oils & its refined products (44.8%), wood & its products, charcoal (16.2%), and dairy products, bird eggs, honey (15.4%). Most exports were to Lithuania (17.5% of total exports), followed by Estonia (11.1%), Germany (6.4%) and the United Kingdom (5.5%). Meanwhile, imports rose faster at 5.8% to EUR 2,010.8 million, where purchases advanced for woods & its products, charcoal (27.4%), mineral fuels, oils & its refined products (21.2%), and plastics & their products (16.2%). The main import partners were Lithuania (20.9% of total imports), followed by Poland (11.3%), Germany (10.9%) and Estonia (9.6%).