Latvia exported altogether €848.4m in goods, while spending €1,055m on imports, allowing the foreign trade balance to improve slightly from 44.1% in June to 44.6% in July.
Exports of mechanical equipment and electrical supplies grew by €21.8m, or 17.5%. Most of the sector’s growth was attributed to cell phone sales to Lithuania – up €7.4m or 27%, and bypass capacitors sold to Russia – up €3.3m or 20.8%.
However imports of these goods grew by 26.3%, or €47.4m, with 86.9% more coming from China and 37.3% more from Germany.
In the important lumber and wood product sector exports grew by €16.2m, or 11.2% while chemical industrial supplies fell by €11.6m or 16.9%.