Latvia’s trade deficit narrowed to EUR 453.7 million in July 2026 from EUR 532.1 million in the same month a year earlier. Exports jumped 14.9% year-on-year to EUR 1,778.0 million, lifted by higher shipments of machinery and mechanical appliances (+27.2%), electrical machinery and equipment (+24.7%), and vehicles other than railway or tramway rolling stock, and parts and accessories thereof (+18.4%). By destination, exports rose to EU countries (15.6%), CIS countries (5.7%), and other countries (16.4%). Meanwhile, imports rose 7.3% to EUR 2,231.7 million, driven largely by increased purchases of fuels, mineral oils, and products of their distillation (+55.5%), pharmaceutical products (+23.9%), and plastics and articles thereof (+15.8%). Imports recorded gains from EU countries (6.3%) and other countries (15.1%), while purchases from CIS countries declined by 27.7%. In the January–July period, the country’s cumulative trade deficit totaled EUR 2,422 million.