The exports value of goods was 20.6% higher, but imports value of goods – 11.9% higher.
In March Latvia exported goods in the amount of EUR 1.34 billion, but imported – in the amount of EUR 1.5 billion. Compared to March 2020, foreign trade balance has improved as exports in total foreign trade amount increased from 45.3 % to 47.1 %.
During the first quarter of this year foreign trade turnover of Latvia at current prices reached EUR 7.38 billion – EUR 395.9 million or 5.7% more than in the corresponding period of 2020. The exports value constituted EUR 3.55 billion (a growth of EUR 282.5 million or 8.6%), whereas the imports value comprised EUR 3.83 billion (a rise of EUR 113.4 million or 3%).
Calendar and seasonally adjusted data show that, compared to March 2020, in March 2021 the exports value at current prices went up by 18%, but the imports value – by 8.5%, whereas, compared to the previous month, the exports value went up by 3.7%, but the imports value – by 4.6%.
In March, the main export partners of Latvia in trade with EU countries were Lithuania (18.2 % of total exports), Estonia (10.8 %), Germany (7.2 %) and Sweden (5.7 %), whereas the main import partners were Lithuania (18.2 % of total imports), Germany (11.6 %), Poland (10.7 %) and Estonia (8.3 %). Russian Federation was the main export partner in trade with third countries; its share in total Latvian exports in March accounted for 7.4 %, whereas in imports – for 5.6 %.
The full report is available on the official statistics website.