The exports value of goods was 17.8 % higher, but imports value of goods – 28.8 % higher.
In October Latvia exported goods in the amount of EUR 1.56 billion, but imported – in the amount of EUR 1.83 billion. Compared to October 2020, foreign trade balance has worsened as exports in total foreign trade amount decreased from 48.2 % to 46 %.
During the ten months of this year foreign trade turnover of Latvia at current prices reached EUR 29.35 billion – EUR 6.06 billion or 26 % more than in the corresponding period of 2020. The exports value constituted EUR 13.3 billion (a growth of EUR 2.41 billion or 22.2 %), whereas the imports value comprised EUR 16.05 billion (a rise of EUR 3.64 billion or 29.3 %).
Calendar and seasonally adjusted data show that, compared to October 2020, in October 2021 the exports value at current prices went up by 22.8 %, but the imports value – by 33.1 %, whereas, compared to the previous month, the exports value went down by 0.8 % ,but the imports value – went up by 10.1 %.
In October main exports partners were Lithuania (17.6 % of total exports ), Estonia (10.8 %), Germany (8.3 %) and United Kingdom (8 %), whereas the main import partners were Lithuania (16 % of total imports), Russian Federation (13.6 %), Poland (9.4 %) and Germany (9.1 %).
