From January to October in 2015, Latvia’s imports & exports volume was USD 22.04 billion, down 18.3% by year according to Eurostat. The exports volume was USD 10.04 billion, down 17.7% and imports volume was USD 12 billion, down 18.8%. The trade deficit was USD 1.96 billion, down 23.8%.
In October, Latvia’s imports & exports value was USD 2.44 billion, down 19.2% by year. Exports value was USD1.17 billion, down 18.4% and imports value was USD 1.27 billion, down 19.9%.The trade deficit was USD 100 million, down 35.2%.
From January to October, imports & exports value between Latvia and China was USD 490 million, down 4.4%. Latvia’s exports value was USD 100 million, down 12.9%. It accounted for 1.0% of Latvia’s total exports, up 0.1%. Latvia’s imports from China reached USD 390 million, down 1.9%. It accounted for 3.2% of total imports, up 0.6%.
Latvia’s trade deficit with China was USD 290 million from January to October, up 2.7%.China was the fifth largest deficit source for Latvia.
Up to October, China has become the 21st largest market for Latvia’s exports and the tenth largest import source of Latvia.