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Latvia

Large grain harvests in the autumn show growing exports, but further forecasts are not so rosy

Latvia’s exports of goods have closed the third quarter very strongly. Thus, bank analysts describe the value of exports in September an increase of 13% compared to the same period last year. However, optimism could be dampened by the fact that more than half of the total increase in exports of goods this autumn is provided by agricultural products: wheat and rapeseed. Farmers will soon have sold the lion’s share of the harvest, and export prospects are being worsened by the fact that we are not doing much at all with the sale of services outside due to the pandemic.

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