Latvia balance of trade
Latvia balance of trade: -240.16 (-699.29%)
Last Update: February 29, 2024
Last Update: February 29, 2024
Latvia balance of trade closed down -240.16 as of February 29, 2024 from 40.07 from the previous month and -202.73 from last year.
Latvia balance of trade Analytics & Data
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Latvia balance of trade
| Date | Values |
|---|---|
| 2024-02-29 | -240.16 |
| 2024-01-31 | 40.07 |
| 2023-12-31 | -378.63 |
| 2023-11-30 | -330.12 |
| 2023-10-31 | -238 |
| 2023-09-30 | -517.6 |
| 2023-08-31 | -411.18 |
| 2023-07-31 | -424.46 |
| 2023-06-30 | -472.89 |
| 2023-05-31 | -508.26 |
| 2023-04-30 | -432 |
| 2023-03-31 | -279.41 |
| 2023-02-28 | -202.73 |
| 2023-01-31 | -225.31 |
| 2022-12-31 | -650.57 |
| 2022-11-30 | -305.62 |
| 2022-10-31 | -565.14 |
| 2022-09-30 | -332.52 |
| 2022-08-31 | -565.78 |
| 2022-07-31 | -647.32 |
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Latvia balance of trade Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | lv.balanceoftrade | -411.18 | -424.46 | -3 | -27 | Down | UP | 27 | 2023-10-31 |
Latvia balance of trade Factors
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What is the Latvia balance of trade
Introduction: Welcome to our webpage featuring comprehensive information on Latvia's balance of trade. Here, you can explore the current and historical data, trends, and signals that drive Latvia's trade activities. By understanding the balance of trade, users can gain valuable insights into the country's economic performance, competitiveness, and international exchange patterns.What is Balance of Trade? The balance of trade measures the difference between a country's exports and imports over a specific period. It provides key information on the overall economic health and competitiveness of a nation in the global marketplace. A positive balance of trade, known as a trade surplus, occurs when a country's exports exceed its imports. Conversely, a negative balance of trade, known as a trade deficit, indicates that a country's imports surpass its exports.
Interpreting Latvia's Balance of Trade: Understanding Latvia's balance of trade can shed light on various economic factors and trends. Here's how you should interpret the data:
1. Economic Performance: A positive balance of trade implies that Latvia's exports are contributing more to its GDP than its imports. This indicates a competitive and thriving export sector, which positively impacts economic growth.
2. Competitiveness: By examining the composition of exports, one can gauge Latvia's comparative advantage in specific industries and identify potential growth sectors. A diversified export portfolio indicates a country's ability to compete in various markets and adapt to changing global demand.
3. Exchange Rates: A country's balance of trade can be influenced by currency fluctuations. An appreciation in the domestic currency may make imports cheaper and lead to a trade deficit, while a depreciating currency can make exports more competitive and lead to a trade surplus.
Current and Historical Data: On our webpage, you can access up-to-date balance of trade data for Latvia, including monthly, quarterly, and annual figures. The data is presented in user-friendly charts and tables, enabling easy visualization and comparison of trends over time. Additionally, you can export the historical data for free, empowering you to perform further analysis and create customized reports.
Trends and Signals: Our webpage provides detailed analytical insights into the balance of trade trends for Latvia. By utilizing MacroVar signals and analysis, you can uncover hidden patterns, identify early warnings of economic fluctuations, and make informed decisions regarding trade activities. These signals are generated using advanced statistical models and expert analysis to enhance your understanding of the market dynamics.
Conclusion: The balance of trade is a critical indicator of a country's economic performance and international competitiveness. By exploring the current and historical data, trends, and signals available on our webpage, you can gain valuable insights into Latvia's trade dynamics. Through in-depth analysis and the use of MacroVar signals, you can effectively navigate the ever-changing global marketplace and make informed business decisions.
Latvia Financial Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| Latvia 2-year bond yield | LT.2Y | 0.605 | -1 | -1 | -1.24216 | 47.5249 | 0 | 0 | 0 | -0.4485 |
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | lv.balanceoftrade | -411.18 | -424.46 | -3 | -27 | Down | UP | 27 | 2023-10-31 |
| bank lending rate | lv.banks.lendingrate | 6 | 6.07 | -1 | 81 | UP | UP | 96 | 2023-06-30 |
| banks balance sheet | lv.banks.bs | 28239.1 | 27809.5 | 2 | 6 | UP | UP | 71 | 2024-02-29 |
| business confidence | lv.bizconfidence | -1.6 | -2.4 | -33 | -52 | UP | UP | 50 | 2024-03-31 |
| capacity utilization | lv.caputilization | 71.4 | 72.3 | -1 | -2 | Down | Down | 28 | 2024-03-31 |
| car registrations | lv.carregistrations | 1217 | 1202 | 1 | -65 | Down | Down | 13 | 2024-03-31 |
| central bank balance sheet | lv.cb.assets | 25088.2 | 25129.8 | -0 | -3 | Down | Down | 3 | 2024-03-31 |
| consumer confidence | lv.consconfidence | -12.8 | -8.4 | 52 | -43 | UP | UP | 32 | 2024-03-31 |
| consumer price index cpi | lv.cpi | 145.1 | 143.4 | 1 | 1 | UP | UP | 27 | 2024-03-31 |
| core inflation rate | lv.coreinflationrate | 3.5 | 3.8 | -8 | -68 | Down | Down | 17 | 2024-01-31 |
| current account | lv.currentaccount | 28 | 208 | -87 | -115 | UP | UP | 34 | 2024-02-29 |
| current account to gdp | lv.currentaccountgdp | -4 | -4.8 | -17 | 21 | Down | Down | 0 | 2023-01-31 |
| exports | lv.exports | 1519.15 | 1466.52 | 4 | -29 | Down | Down | 2 | 2023-09-30 |
| external debt | lv.externaldebt | 39728 | 40256 | -1 | 9 | UP | UP | 54 | 2023-12-31 |
| fiscal expenditure | lv.fiscalexp | 1506670 | 1419120 | 6 | 1 | Down | UP | 21 | 2024-02-29 |
| foreign exchange reserves | lv.fxreserves | 4669 | 4527 | 3 | 9 | UP | UP | 87 | 2024-03-31 |
| gdp | lv.gdp | 41.15 | 39.73 | 4 | 73 | UP | UP | 0 | 2022-01-31 |
| Real GDP | lv.realgdp | 7682800 | 7467110 | 3 | 10 | UP | UP | 55 | 2024-06-30 |
| gdp growth | lv.gdpgrowth | 0.8 | 0.2 | 300 | 0 | UP | UP | 0 | 2024-03-31 |
| gdp growth annual | lv.gdpgrowthan | 0.1 | -0.6 | -117 | -111 | Down | UP | 36 | 2024-03-31 |
| gold reserves | lv.goldres | 6.66 | 6.66 | 0 | 1 | UP | UP | 96 | 2021-06-30 |
| government budget | lv.govbudget | -4.6 | -7.2 | -36 | 12 | Down | Down | 0 | 2023-01-31 |
| Government budget | lv.govbudgetvalue | -113615000 | 146817000 | -177 | -9 | Down | UP | 55 | 2024-02-29 |
| government debt | lv.govdebt | 16739.4 | 15896.7 | 5 | 27 | UP | UP | 57 | 2023-09-30 |
| government debt to gdp | lv.govdebtgdp | 41 | 44 | -7 | -6 | UP | Down | 0 | 2023-01-31 |
| government revenues | lv.govrev | 1433800 | 1672860 | -14 | 2 | UP | UP | 30 | 2024-02-29 |
| imports | lv.imports | 2036.67 | 1877.7 | 8 | -18 | Down | Down | 8 | 2023-09-30 |
| industrial production | lv.indproduction | -0.3 | -5 | -94 | -86 | UP | UP | 62 | 2024-02-29 |
| industrial production mom | lv.indproductionmm | 2.8 | -2.6 | -208 | 12 | UP | UP | 0 | 2024-02-29 |
| inflation cpi | lv.inflationcpi | 0.9 | 0.4 | 125 | -95 | Down | Down | 38 | 2024-03-31 |
| interbank rate | lv.interbankrate | 0.17 | 0.17 | 0 | 0 | Down | Down | 51 | 2023-08-15 |
| loans to private sector | lv.loanprivate | 4807.5 | 4766.7 | 1 | 4 | UP | UP | 78 | 2024-02-29 |
| long term unemployment rate | lv.ltunemploymentrate | 1.8 | 1.7 | 6 | -14 | Down | Down | 69 | 2023-12-31 |
| money supply m0 | lv.msm0 | 12548.4 | 12185.1 | 3 | 21 | UP | UP | 100 | 2024-02-29 |
| money supply m1 | lv.msm1 | 15875.4 | 15968.7 | -1 | -12 | Down | Down | 3 | 2024-02-29 |
| money supply m2 | lv.msm2 | 20695.2 | 20533.5 | 1 | 4 | UP | UP | 15 | 2024-02-29 |
| Producer Price Index | lv.producerprices | 127.3 | 128.2 | -1 | -22 | Down | Down | 2 | 2024-02-29 |
| PPI Index | lv.producerpricesch | -7.9 | -7.9 | 0 | -136 | Down | Down | 37 | 2024-02-29 |
| retail sales MoM | lv.retailsales | 0.6 | -1.3 | -146 | 20 | UP | UP | 0 | 2024-02-29 |
| retail sales | lv.retailsalesan | -0.4 | -2 | -80 | -116 | UP | Down | 45 | 2024-02-29 |
| unemployment rate | lv.unemploymentrate | 6.8 | 6.5 | 5 | -6 | Down | Down | 63 | 2023-12-31 |
| youth unemployment rate | lv.ytunemploymentrate | 13.4 | 13.9 | -4 | 3 | UP | UP | 48 | 2024-02-29 |
| Construction Confidence | lv.esi.constr | -10.6 | -11.9 | -1100 | -1300 | UP | UP | 4000 | 2024-01-22 |
| Consumer Confidence | lv.esi.cons | -23.6 | -18.1 | 3000 | -2500 | Down | UP | 3500 | 2024-01-22 |
| Industrial Confidence | lv.esi.man | -8 | -8.3 | -400 | -900 | Down | UP | 6200 | 2024-01-22 |
| Retail Confidence | lv.esi.ret | 2.6 | 4.1 | -3700 | -3200 | Down | Down | 0 | 2024-01-22 |
| Services Confidence | lv.esi.serv | -0.5 | -2.1 | -7600 | 0 | Down | Down | 0 | 2024-01-22 |
| ESI - Economic Composite | lv.esi.conf | 93.1 | 93.7 | -1 | 2 | Down | UP | 79 | 2023-06-30 |