Latvia’s foreign trade turnover in October 22.2% higher than a year ago

In October 2022 Latvia’s foreign trade turnover accounted for EUR 4.2 billion. In actual prices it was 22.2% higher when compared with the same month of 2021, according to data from the Central Statistical Bureau of Latvia.

In October Latvia exported goods worth EUR 1.82 billion and imported good worth EUR 2.38 billion. The value of export goods, when compared with the previous month, increased by 15.7%, whereas the value of imported goods increased by 27.6%.

Compared with October 2021 the balance of foreign trade became worse in October 2022: exports went down from 45.7% to 43.3%. (It is important to keep in mind that data regarding external trade is reflected in actual prices and calculated based on value in euro, not their physical quantity).

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