Latvia shows EU’s slowest export growth last year

In 2019, Latvia showed the slowest export growth among European Union member states compared to the same period a year ago, according to the data released on February 15 by Eurostat.

Last year, Latvian exports grew 1 percent against 2018.

In 2019, exports grew at the same rate also in Greece, Slovakia and Germany, and remained unchanged on year in Estonia and Belgium.

A bit faster export growth was recorded in Austria, Italy, Spain, Romania and Sweden (2 percent in all five countries), France and the Netherlands (3 percent each), the Czech Republic, Portugal and Hungary (4 percent in all three countries), Lithuania, Bulgaria, Croatia and Malta (5 percent in all four countries), Denmark, Luxembourg and Poland (6 percent in each), Slovenia (7 percent), as well as Ireland (8 percent).

Meanwhile, exports fell 28 percent on year in Cyprus, but in Estonia and Belgium remained unchanged.

While 15 EU member states recorded import growth in 2019, imports declined in Slovenia, Estonia, Belgium and Italy (-1 percent in all four countries), Finland and Sweden (-2 percent in both countries), Bulgaria (-3 percent), Ireland (-4 percent) and Cyprus (-10 percent). In Denmark and Latvia imports remained unchanged.

The steepest increases were recorded in Malta (18 percent), Portugal (7 percent), Croatia and Luxembourg (5 percent in each). In Lithuania imports grew 3 percent against 2018.

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