In August 2026, Latvia's foreign trade turnover amounted to 3.84 billion euros, which was 13.7% more in current prices than a year ago, according to preliminary data from the Central Statistical Bureau (CSB) published on October 12th.
The rise included an increase in the value of exports by 10.9%, while the value of imports increased by 16.2%. In August, Latvia exported goods worth 1.75 billion euros, but imported goods worth 2.09 billion euros.
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Consequently, compared to August 2025, the foreign trade balance deteriorated, with exports in the total foreign trade volume decreasing from 46.7% to 45.5%.
In the first eight months of this year, Latvia's foreign trade turnover at current prices reached 30.78 billion euros – 8.6% more than in the corresponding period of 2025. The value of exports amounted to 14.01 billion euros (an increase of 7.9%), while imports amounted to 16.76 billion euros (an increase of 9.2%).
According to calendar and seasonally adjusted data, in August 2026, compared to August 2025, the value of exports in current prices was 11.4% higher, and the value of imports was 14.5% higher. Compared to the previous month, the value of exports increased by 0.7%, and imports – by 1%.
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In August, the most important export partners were Lithuania (18.6% of total exports), Estonia (10.9%), Germany (6.6%) and the Russian Federation (5.6%). The most important import partners were Lithuania (22.8% of total imports), Germany (11.4%), Poland (10.7%) and Estonia (9.4%).
In August 2026, Latvia's foreign trade balance was positive with 123 partner countries, with the value of exports exceeding the value of imports. It was negative in trade with 47 countries.
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