Latvia's foreign trade up 26% during first nine months of 2021

Provisional data published by the Central Statistical Bureau (CSB) November 10 show that in September 2021 the foreign trade turnover of Latvia amounted to EUR 3.42 billion, which at current prices was 24.3 % larger than a year ago.

The exports value of goods was 24.1 % higher, but imports value of goods – 24.4 % higher. In September Latvia exported goods worth EUR 1.61 billion, and imported EUR 1.8 billion.

Compared to September 2020, the foreign trade balance worsened slightly as exports in total foreign trade amount decreased from 47.3 % to 47.2 %.

During the first nine months of this year foreign trade turnover of Latvia at current prices reached EUR 25.95 billion – EUR 5.39 billion or 26.2 % more than in the corresponding period of 2020. The exports value constituted EUR 11.74 billion (a growth of EUR 2.18 billion or 22.8 %), whereas the imports value comprised EUR 14.21 billion (a rise of EUR 3.22 billion or 29.3 %).

Calendar and seasonally adjusted data show that, compared to September 2020, in September 2021 the exports value at current prices went up by 23.2 %, but the imports value – by 24.6 %, whereas, compared to the previous month, the exports value went up by 1.8 %, but the imports value – went down by 8.8 %.

In September main exports partners were Lithuania (18.1 % of total exports ), Estonia (9.6 %), United Kingdom (8.3 %) and Germany (6.9 %), whereas the main import partners were Lithuania (17.4 % of total imports), Estonia (10.5 %), Poland (9.6 %) and Germany (9.3 %).

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