The exports value of goods was 32.3 % higher, but imports value of goods – 56.3 % higher. In August Latvia exported goods in the amount of EUR 1.45 billion, but imported – in the amount of EUR 1.95 billion. Compared to August 2020, the foreign trade balance has worsened as exports in total foreign trade decreased from 46.7 % to 42.6 %.
During the eight months of this year foreign trade turnover of Latvia at current prices reached EUR 22.53 billion – EUR 4.73 billion or 26.6 % more than in the corresponding period of 2020. The exports value constituted EUR 10.14 billion (a growth of EUR 1.88 billion or 22.8 %), whereas the imports value comprised EUR 12.39 billion (a rise of EUR 2.85 billion or 29.8 %).
Calendar and seasonally adjusted data show that, compared to August 2020, in August 2021 the exports value at current prices went up by 28.3 %, but the imports value – by 50.1 %, whereas, compared to the previous month, the exports value went up by 4.5 %, but the imports value – by 9.5 %.
In August, the main export partners of Latvia in trade with EU countries were Lithuania (17.3 % of total exports), Estonia (10.5 %), Germany (8.8 %) and Sweden (5.6 %), whereas the main import partners were Lithuania (17.7 % of total imports), Estonia (8.6 %), Germany (8.2 %) and Poland (8.2 %). United Kingdom was the main export partner in trade with third countries; its share in total Latvian exports in August accounted for 9.7 %, whereas the main import partner was Canada (as a result of the purchase of aircraft worth EUR 245.1 million) – 12.7 % of total imports.