Latvia’s trade deficit narrowed to EUR 453.7 million in July 2026 from EUR 532.1 million a year earlier. Exports increased 14.9% year-on-year to EUR 1,778.0 million, driven by higher shipments of machinery and mechanical appliances, electrical machinery and equipment, and vehicles and related parts. Exports grew to EU countries, CIS countries and other destinations. Imports rose 7.3% to EUR 2,231.7 million, led by stronger purchases of fuels, mineral oils and distillation products, pharmaceutical products, and plastics and related articles. Imports from EU countries and other countries increased, while purchases from CIS countries fell 27.7%. Latvia’s cumulative trade deficit for January-July reached EUR 2,422 million.