A delegation of more than 180 Latvian entrepreneurs begins a trade mission in Hamburg and Rostock

By Investment and Development Agency of Latvia | 25 September 2025

From September 24 to 26, Minister of Economics Viktors Valainis, together with 180 representatives of businesses and organizations, will participate in a trade mission to Hamburg and Mecklenburg-Western Pomerania. On September 25, Prime Minister Evika Siliņa will also join the trade mission to participate in a business forum and meet with senior officials from Mecklenburg-Western Pomerania.

This trade mission brings together more than 100 Latvian companies from various sectors – from biotechnology and sustainable energy to financial technology, information technology, and the defense industry.

Germany is the third largest economy in the world and one of the leading innovation and industrial powers. It is Latvia’s second most important foreign trade partner, with a total trade volume of €4.98 billion in 2024. Germany is also Latvia’s third largest export market, second largest import partner and main destination for Latvian service exports. In the first half of 2025, exports of goods to Germany increased by 4% to EUR 641.7 million, while exports of services increased by 6% to EUR 355 million.

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Originally published on 24 Sep

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