Latvia’s trade deficit widened to EUR 394.6 million in March 2026 from EUR 270.1 million in the corresponding month a year earlier. Imports climbed 11.4% year-on-year to EUR 2,241.7 million, driven by higher purchases of mineral fuels, oil and refined petroleum products (58.2%), mechanisms and mechanical devices (13.9%), and pharmaceutical products (43.5%). Imports also increased from EU countries (11.4%) and non-EU countries (16.2%). Meanwhile, exports rose at a slower pace of 6% to EUR 1,847.1 million, supported by higher shipments of mineral fuels, oil and refined petroleum products (15.6%), electrical equipment and appliances (4.6%), machinery and mechanical appliances (10%), and alcoholic and non-alcoholic beverages (33.9%). Among key trading partners, exports rose to EU countries (11.5%), and CIS countries (25.8%). In the first three months of the year, the country’s trade deficit widened to EUR 900.1 million from EUR 610.3 million in the same period last year.