Imports from CIS countries to Latvia decreased tenfold
Latvia's foreign trade balance remains negative, and imports from CIS countries have decreased approximately ten times, becoming almost insignificant.
Trade balance remains negative
Latvia's export-import balance continues to be negative – each quarter, the value of imported goods and services exceeds exports by an average of half a billion to one billion euros. This trend is stable and indicates structural issues in foreign trade.
Dramatic decline in imports from the CIS
When analyzing data by country groups, imports from the Commonwealth of Independent States (CIS) are particularly notable. They have fallen about tenfold and are now approaching such a small amount that they become statistically insignificant. Although exact figures are not given, such a drop points to significant changes in trade flows with the region.
