The value of Latvian goods exports decreased by 5.8%, while imports fell by 0.7% 0 11

Thus, the total turnover of Latvia's foreign trade in the first two months of 2026 amounted to 6.757 billion euros, which in current prices is 3.1% or 219.1 million euros less than a year earlier.

In February of this year, Latvia exported goods worth 1.551 billion euros - this is 1.5% (-24.3 million euros) less than in January, and 5% (-80.8 million euros) less than in February 2025. Imports reached 1.885 billion euros - this is 7.9% (138.6 million euros) more than the previous month, and 7.5% (132.1 million euros) more than a year ago.

The Central Statistical Bureau noted that in February 2026, compared to February 2025, the foreign trade balance deteriorated: the share of exports in the total volume of foreign trade decreased from 48.2% to 45.1%.

The largest share of exports in February consisted of wood, wood products, and charcoal - 230.312 million euros (14.9% of total exports), which is 9.9% less than in January and 8.3% less than a year earlier. Electrical equipment was exported for 170.81 million euros (11%) - 3.4% more than the previous month and 4.1% more than a year ago. Mineral fuels, oil, and products of their processing were exported for 157.882 million euros (10.2%), which is 11.9% less than the previous month and 6.8% less than a year ago.

In imports in February, the largest share was occupied by mineral fuels, oil, and petroleum products - 289.09 million euros (15.3% of total imports), which is 33.8% more than in January and 42.1% more than a year ago. Next were electrical equipment - 220.616 million euros (11.7%), which is 5.5% less than the previous month, but 17.3% more than a year ago, as well as machinery and mechanisms - 154.044 million euros (8.2%), which is 6.4% less than the previous month, but 2.5% more than a year ago.

The CSB noted that the increase in imports of mineral fuels, oil, and petroleum products in February 2026 compared to February 2025 is mainly due to an increase in imports of diesel fuel and natural gas in gaseous state - by 38.4 million and 32.2 million euros, respectively.

In February 2026, the share of EU countries in the total volume of exports increased by 5 percentage points to 74.7%, while in imports it decreased by 2.4 percentage points to 83.4%. At the same time, the share of CIS countries in exports increased by 0.1 percentage points to 7.2%, while in imports it decreased by 1.3 percentage points to 0.7%.

The main export partners of Latvia in February were Lithuania (19.4% of total exports), Estonia (12.5%), Germany (7.2%), and Sweden (5.3%), while the main import partners were Lithuania (18.6% of total imports), Germany (11.8%), Poland (10.2%), and Estonia (9.1%).

It is also reported that exports to the USA in February 2026 compared to February 2025 decreased by 39.7% and amounted to 23.5 million euros, mainly due to a reduction in the volume of wood and wood product exports by 65.7% or 5.7 million euros. Imports from the USA increased 2.1 times to 38.5 million euros, largely due to an increase in imports of mineral products by 11.7 million euros.

In February 2026, Latvia's foreign trade balance was positive in trade with 122 countries (exports exceeded imports) and negative with 47 countries.