FX.co ★ Latvia Trade Deficit Narrows in April

Latvia’s trade deficit narrowed slightly to EUR 249.2 million in April 2026, down from EUR 262.2 million in the same month a year earlier. Exports rose by 13.9% year-on-year to EUR 1,939 million, supported by robust growth in sales of mineral fuels, oil and refined products (up 89.1%), wood and wood products including charcoal (6.5%), electrical machinery and equipment (17.6%), and vehicles and related parts (12%).

By destination, exports increased to EU countries (9.4%), CIS countries (1.9%), and other markets (31%).

Imports grew 11.4% to EUR 2,188.2 million, driven by higher purchases of mineral fuels, oil and refined products (75.1%), electrical machinery and equipment (10.5%), vehicles and related parts (2.9%), and machinery and mechanical appliances (15.2%). Imports rose from EU countries (10.2%) and from other countries (21.4%), but declined from CIS countries (-12.9%).

Over the first four months of the year, Latvia’s cumulative trade deficit reached EUR 1,132 million.