FX.co ★ Latvia Trade Deficit Widens in June

Latvia’s trade deficit in June 2026 widened slightly to EUR 476.0 million from EUR 474.2 million a year earlier. Exports surged by 18.6% year-on-year to EUR 1,695.6 million, primarily reflecting higher shipments of mineral fuels, oils, and products of their distillation (+42.8%), pharmaceutical products (+34.5%), and electrical machinery and equipment (+27.8%). By destination, exports increased to EU countries (+19.0%), CIS countries (+27.5%), and other countries (+14.7%).

Imports rose by 14.1% to EUR 2,171.6 million, supported by greater purchases of iron and steel (+42.7%), vehicles other than railway or tramway rolling stock, and parts and accessories thereof (+25.7%), as well as plastics and articles thereof (+21.9%). Imports from EU countries grew by 13.4% and from other countries by 19.5%, while imports from CIS countries fell by 8.6%. Over the January–June period, Latvia’s cumulative trade deficit reached EUR 1,959.8 million.