Latvia’s trade deficit widened to EUR 342.6 million in August 2026 from EUR 223.2 million in the same month a year earlier. Exports rose 10.9% year-on-year to EUR 1,749.8 million, supported by higher shipments of mineral fuels, oil and refined products (66.2%), electrical appliances and equipment (9.2%), and wood, wood products and charcoal (0.7%). By destination, exports rose to the EU (11.6%), CIS countries (10.9%), and other countries (8.7%). Meanwhile, imports climbed 16.2% to EUR 2,094.2 million, driven by higher purchases of mineral fuels, oil and refined products (52.1%), electrical appliances and equipment (21.6%), and land vehicles and parts thereof (22.1%). Imports increased notably from the EU (14.2%) and other countries (30.4%), while declining from CIS countries (-33.1%). In the January-August period, the country’s trade gap totaled EUR 2,754.4 million, widening from EUR 2,370.4 million in the same period last year.