In August 2025, Latvia marked a trade deficit of EUR 230.0 million. This represents an improvement from the deficit of EUR 296.0 million recorded in the same month the previous year. The decline in imports by 1.6% year-on-year to EUR 1,769.1 million significantly contributed to this improvement. The decrease was primarily due to reduced purchases of mineral products (down 17.5%), chemical and allied industry products (down 7.7%), and prepared foodstuffs (down 4.1%). Regionally, imports from CIS countries and the EU decreased by 69.2% and 0.6%, respectively. However, imports from other international markets grew by 4.6%, with a notable increase in imports from the United States, which surged 4.3 times, largely due to machinery, mechanical appliances, electrical equipment, and mineral products.
On the export side, there was a 2.5% increase, bringing the total to EUR 1,539.1 million. This rise was driven by an uptick in shipments of mineral products (up 20.8%), vehicles and associated transport equipment (up 22.6%), and live animals and animal products (up 21.0%). By destination, exports to EU nations increased by 3.7%, and to other countries marginally by 0.04%, but there was a slight decline in exports to CIS countries by 0.3%. Exports to the United States, however, saw an 8.7% drop, mainly resulting from reduced sales in chemical and allied industry products.
