Latvia's trade landscape is showing signs of improvement as the country's trade deficit narrowed significantly in February 2025. According to the latest data updated on April 9, 2025, the trade balance for February recorded a deficit of -147.1 million euros, substantially better than January's figure, which stood at -240.0 million euros.
This notable decline in the trade deficit suggests a promising turn of events for Latvia's economy, driven by either increased exports, decreased imports, or a combination of both. The figures highlight a positive trend that policymakers and businesses in Latvia can potentially capitalize on to further stabilize and grow the national economy.
As Latvia continues to navigate the complexities of global trade dynamics, these latest figures may serve as a foundation for shaping economic strategies aimed at further reducing the deficit and achieving a healthier trade balance in the coming months. Market analysts and stakeholders will be keenly observing the forthcoming data to determine if this improvement is indicative of a longer-term trend.
