The Balance of Trade for Latvia measures the difference between the value of goods exported and the value of goods imported over a specified period. Latvia primarily exports wood products, machinery, and foodstuffs, while importing machinery, chemicals, and fuels. This indicator can provide insight into the country's economic stability and competitiveness in international markets.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.