Latvia Trade Deficit Narrows In April

Latvia’s foreign trade deficit decreased in April from a year ago, as exports rose and imports fell, figures from the Central Statistical Bureau showed Tuesday.

The trade deficit fell to EUR 158.4 million in April from EUR 232.1 million in the same month of the prior year. In March, the shortfall was EUR 192.5 million.

Exports surged 7.0 percent annually in April, while imports dropped by 1.4 percent. Month-on-month, both exports and imports climbed by 4.5 percent and 0.5 percent, respectively.

The country’s main export partners during April were Lithuania, Estonia, Germany and the United Kingdom. Imports largely came from Lithuania, Poland, Germany and Estonia.

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