Merchandise Trade Balance in Latvia
The merchandise trade balance averaged EUR -2.6 billion in the decade to 2022. The 2022 reading was EUR -4.1 billion. For more trade information, visit our dedicated page.
Latvia Trade Chart
Note: This chart displays Merchandise Trade Balance (EUR bn) for Latvia from 2014 to 2023.
Source: Macrobond.
Latvia Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (EUR bn) | -2.6 | -1.6 | -2.8 | -4.1 | -3.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian trade projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Latvian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian trade projections.
Want to get access to the full dataset of Latvian trade forecasts? Send an email to info@focus-economics.com.