In June Latvia exported goods in the amount of EUR 1.3 billion, but imported – in the amount of EUR 1.68 billion. Compared to June 2020, foreign trade balance has widened as exports in total foreign trade amount decreased from 45.6 % to 43.6 %.
During the first half of this year foreign trade turnover of Latvia at current prices reached EUR 16 billion – EUR 2.94 billion or 22.5 % more than in the corresponding period of 2020. The exports value constituted EUR 7.35 billion (a growth of EUR 1.24 billion or 20.3 %), whereas the imports value comprised EUR 8.65 billion (a rise of EUR 1.7 billion or 24.5 %).
Calendar and seasonally adjusted data show that, compared to June 2020, in June 2021 the exports value at current prices went up by 32.6 %, but the imports value – by 44.3 %, whereas, compared to the previous month, the exports value went up by 4.1 %, but the imports value – by 4.8 %.
In June, the main export partners of Latvia in trade with EU countries were Lithuania (18 % of total exports), Estonia (12 %), Germany (7.1 %) and Sweden (6.1 %), whereas the main import partners were Lithuania (15 % of total imports), Germany (9.5 %), Poland (9.2 %) and Estonia (8.3 %). United Kingdom was the main export partner in trade with third countries; its share in total Latvian exports in June accounted for 8.7 %, whereas the main import partner was Russian Federation – 10.9 % of total imports.