FX.co ★ Latvia’s Trade Deficit Narrows Sharply in January 2026

Latvia’s trade balance showed a marked improvement at the start of 2026, with the deficit narrowing to -171.0 million euros in January 2026 from -336.5 million euros in December 2025. The latest figures, updated on 12 March 2026, indicate that the monthly gap between exports and imports has roughly halved.

While the data do not specify the drivers of the shift, the move from December’s deeper deficit suggests a notable adjustment in Latvia’s external trade position heading into the new year. Market participants and policymakers are likely to watch upcoming releases closely to see whether this improvement signals the beginning of a more sustained rebalancing in the country’s trade dynamics.