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The Latvian trade balance has seen a further decline, with the latest figures indicating an increased negative balance in November 2025. The trade deficit has widened from -289.4 million in October 2025 to a notable -326.0 million in November, as per the data updated on January 9, 2026.
This marks a substantial month-over-month shift, reflecting ongoing challenges in Latvia's trade dynamics. Analysts suggest that the growing deficit could be attributed to various factors, including fluctuating international demand, import price changes, or shifts in domestic production capacities.
This development highlights the need for strategic responses to enhance export activities, balance trade practices, and stabilize the national economic outlook as Latvia navigates these challenging economic conditions. Stakeholders and policymakers will need to assess the underlying causes of this deficit escalation to implement effective measures targeting economic growth and sustainability.
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