Latvia's export dynamics are expected to remain relatively stable into early 2026 despite price fluctuations and global trade risks, according to the Ministry of Finance.
The Latvian Ministry of Finance has indicated that the country's export dynamics are likely to show continued stability as they approach the start of 2026. This prediction comes despite concerns regarding fluctuating prices and ongoing global trade risks that could potentially impact performance. According to the latest data from the Central Statistical Bureau, there has been a 5.4% increase in total foreign trade turnover in 2025 compared to 2024, amounting to an increase of approximately 2.199 billion euros.
The specific figures reveal that exports have seen a 3.7% increase, which translates to an additional 698.1 million euros, while imports experienced a 6.9% rise, adding 1.501 billion euros. The total value of goods exported reached 19.54 billion euros, whereas the total value of imported goods stood at 23.19 billion euros. The Ministry of Finance attributes this positive outlook to a somewhat favorable economic sentiment—not only in Latvia but also among key trading partners such as Lithuania, Estonia, and Germany, as well as within the Eurozone and the broader European Union.
As we look ahead, the Ministry's optimistic forecast underscores the resilience of the Latvian economy amidst global challenges. Despite the risks posed by price fluctuations and trade dynamics, the expected continuous growth in exports represents not only an economic boost but could also impact overall employment and investment in the region, highlighting the interconnectedness of regional economic conditions.
