FX.co ★ Latvia’s Trade Deficit Widens Sharply in May 2026

Latvia’s trade balance deteriorated in May 2026, with the deficit widening to -€374.0 million, according to data updated on 10 July 2026. This marks a notable deepening from April 2026, when the trade gap stood at -€249.2 million.

The month-on-month shift signals increased pressure on Latvia’s external position, as the country imported significantly more goods than it exported in May. While the figures alone do not specify whether the widening deficit was driven more by rising imports or weakening exports, the scale of the change suggests a material shift in trade dynamics within a single month.

Investors and policymakers will be watching upcoming data releases for signs of whether May’s performance reflects a temporary fluctuation or the start of a more persistent trend in Latvia’s trade balance heading into the second half of 2026.