FX.co ★ Latvia’s Trade Deficit Widens in March as Import-Export Gap Deepens

Latvia’s trade balance deteriorated in March 2026, with the deficit expanding to -394.6 million euros, up from -334.2 million euros in February 2026. The latest data, updated on 11 May 2026, indicate a notable monthly widening of the trade gap.

The figures suggest that Latvia’s import bill is outpacing export growth, or that exports have weakened relative to imports, putting additional pressure on the external balance. While no detailed breakdown of goods or trading partners is provided, the shift from February to March underscores a worsening in net trade performance over the period.

The continued negative trade balance may raise concerns about Latvia’s external position if the trend persists, particularly in the context of global trade uncertainty and shifting demand patterns. Market participants and policymakers will likely watch upcoming releases closely to assess whether March’s wider deficit marks the start of a longer-term deterioration or a short-term fluctuation in trade dynamics.