Export of goods from Finland and import to Finland Trade Balance
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Finland's foreign trade with Latvia, exports to Latvia and imports from Latvia in August 2026


The text of the following analysis is produced by a computer program.

In August Latvia was Finland's 26. largest foreign trade partner. Rise from the previous month 4 places. Latvia's share of Finland's foreign trade in goods in August 2026 represented a share of 0.9 per cent. Share of Finland's that month's exports was 1.1 % and 0.7 % of imports. Amounting trade to worth of €120 million was 15.0 per cent bigger than in August of the previous year. The trade balance with Latvia during the review month was very favorable for Finland. The surplus was €20 million.

The value of imports from Latvia was 12.8 per cent higher than in August of the previous year, thus amounting now to €50 million. Major product categories of imports from Latvia were Sitc 247 (wood in the rough, whether or not stripped of bark or sapwood, or roughly squared), representing 20.4 per cent of imports, Sitc 691 (structures and parts of structures, n.e.s., of iron, steel or aluminium) 9.9 % and Sitc 634 (veneers, plywood, particle board, and other wood, worked, n.e.s.) 8.9 % of the imports.

The value of exports to Latvia were 16.6 percent higher than in August of the previous year, thus amounting to €70 million. The largest product groups of exports were: Sitc 334 (petroleum oils and oils obtained from bituminous minerals (other than crude); preparations, n.e.s., containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the prepar), which represented a share of 23.7 per cent of total exports, Sitc 781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars) 8.2 % and Sitc 248 (wood, simply worked, and railway sleepers of wood) 5.4 % of the exports.

Development during January-August 2026

The trade in goods between January and August of 2026 was of lesser value than in the corresponding period of the previous year. The value of the trade was €975 million, down 8.1 %. During January-August the value of imports was €296 million. The export value was €679 million. Compared to the corresponding period in 2025, the value of imports decreased by 4.1 % and the value of exports by 9.8 %. The largest product group in terms of imports has been Sitc 247 (wood in the rough, whether or not stripped of bark or sapwood, or roughly squared), worth €37 million. In export the largest value had Sitc 334 (petroleum oils and oils obtained from bituminous minerals (other than crude); preparations, n.e.s., containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the prepar), worth being €231 million. The trade balance between Finland and Latvia between January and August was in surplus for Finland. The timing surplus was €383 million.


Latvia's import to Finland, export from Finland to Latvia, trade and trade balance monthly

Latvia



YearMonthImport
1,000 €		Export
1,000 €		Trade
1,000 €		Trade Balance
1,000 €
2023140,66963,813104,48223,143
2023241,99071,084113,07429,095
2023348,86675,911124,77827,045
2023447,86963,304111,17315,435
2023546,33071,344117,67425,014
2023640,67573,519114,19432,844
2023736,81454,29691,11017,482
2023842,09665,650107,74523,554
2023939,08974,920114,00935,831
20231043,41569,709113,12426,295
20231145,37665,147110,52319,772
20231234,71059,65794,36724,947
2024137,46559,89297,35722,427
2024242,44559,586102,03117,141
2024339,45972,234111,69332,775
2024448,76666,525115,29117,759
2024548,77067,363116,13318,592
2024643,55954,15697,71510,596
2024746,13455,603101,7379,468
2024853,29770,495123,79217,198
2024942,77488,564131,33845,790
20241047,368114,984162,35267,616
20241137,38695,734133,12058,348
20241238,523183,326221,850144,803
2025131,768146,729178,497114,961
2025239,330121,292160,62281,962
2025342,66096,997139,65754,336
2025442,563102,633145,19660,069
2025538,33078,601116,93240,271
2025633,79072,646106,43638,857
2025735,77874,086109,86538,308
2025844,08859,965104,05315,877
2025942,86777,373120,23934,506
20251040,93771,700112,63730,763
20251138,82068,449107,26929,629
20251230,50962,13192,64031,621
2026132,30488,155120,45955,851
2026228,431101,968130,39973,537
2026337,235145,902183,137108,667
2026438,59476,523115,11837,929
2026539,79567,173106,96727,378
2026633,71967,453101,17233,734
2026735,97862,18798,16526,209
2026849,74269,935119,67720,192

Source: Finnish Customs

Latvia

Table: Finland's export to Latvia (LV) in April 2026 - August 2026

2026/42026/52026/62026/72026/8
1000 €%1000 €%1000 €%1000 €%1000 €%
0. Food and live animals 2,1682.8 2,4303.6 2,1543.2 3,0815.0 2,8664.1
1. Beverages and tobacco 1,2841.7 1,2931.9 1,2121.8 1,4182.3 1,3922.0
2. Crude materials,inedible,except fuels 9,98013.0 9,35713.9 7,96211.8 9,40915.1 8,36512.0
3. Mineral fuels etc 14,72619.2 5,5788.3 6,4209.5 9,79415.7 16,69023.9
4. Animal and vegetable oils and fats 100.0 30.0 40.0 30.0 10.0
5. Chemicals and related products,n.e.s. 10,07813.2 8,17912.2 6,2119.2 6,37410.2 7,08510.1
6. Basic manufactures 11,31014.8 10,79416.1 10,94616.2 9,71915.6 11,27816.1
7. Machinery,transport equipment 19,45325.4 22,00232.8 24,60236.5 14,05022.6 17,43624.9
8. Miscellaneous manufactured articles 7,3759.6 7,39911.0 7,80411.6 8,19913.2 4,6866.7
9. Goods not classified elsewhere 1400.2 1370.2 1390.2 1390.2 1370.2
All groups combined 76,523100.0 67,173100.0 67,453100.0 62,187100.0 69,935100.0

Source: Finnish Customs

Latvia

Table: Finland's import from Latvia (LV) in April 2026 - August 2026

2026/42026/52026/62026/72026/8
1000 €%1000 €%1000 €%1000 €%1000 €%
0. Food and live animals 5,47514.2 5,15913.0 4,23412.6 5,21414.5 6,41812.9
1. Beverages and tobacco 450.1 600.2 980.3 430.1 420.1
2. Crude materials,inedible,except fuels 9,47624.6 11,85129.8 6,45219.1 8,13022.6 16,44733.1
3. Mineral fuels etc 7572.0 7701.9 6942.1 7542.1 8001.6
4. Animal and vegetable oils and fats 30.0 20.0 700.2 210.1 190.0
5. Chemicals and related products,n.e.s. 1,5063.9 1,2713.2 1,3153.9 1,5174.2 1,8133.6
6. Basic manufactures 14,36637.2 14,55136.6 15,15945.0 14,72640.9 18,48937.2
7. Machinery,transport equipment 3,1718.2 2,3635.9 2,0446.1 1,8765.2 2,2124.4
8. Miscellaneous manufactured articles 3,7969.8 3,7689.5 3,65410.8 3,69810.3 3,4997.0
9. Goods not classified elsewhere 20.0
All groups combined 38,594100.0 39,795100.0 33,719100.0 35,978100.0 49,742100.0

Source: Finnish Customs

Links to various pages that meet different foreign trade data classifications on Finland's exports to Latvia and imports from Latvia to Finland

ClassificationDescriptionYear levelQuarter levelMonth levelYear 2026 sofar
SITCStandard International Trade Classification (classification system is maintained by the United Nations)████████████
BECThe standard of statistical classification of BEC (Broad Economic Categories) is upheld by the UN and it is based on SITC-nomenclature.████████████
NACENational industrial classification based on Statistical Classification of Economic Activities in the European Community
Nomenclature générale des Activités économiques dans les Communautés européennes		████████████
CPACPA = Classification of Products by Activities████████████
CNThe Combined Nomenclature is the common nomenclature of the European Community.████████████



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