Baltic Industry Overview
Industrial production across the Baltic states showed limited momentum in December 2025, confirming a broader pattern of stabilisation following a year of moderate recovery. While short-term monthly data indicated slight declines in most countries, full-year results point to continued resilience of the region’s industrial base.
Manufacturing remained the primary growth engine across all three Baltic economies. Latvia recorded the strongest industrial expansion in 2025, supported by steady performance in manufacturing and strong growth in energy supply. Lithuania demonstrated balanced and stable industrial growth, while Estonia continued a slower recovery path following structural adjustments in the energy sector.
Energy production remained the most volatile component of Baltic industry, reflecting ongoing transformation of generation structures and energy market dynamics. Meanwhile, declining mining activity across the region suggests a gradual shift away from traditional resource-based industrial segments.
Overall, the 2025 data indicates that Baltic industry continues transitioning toward manufacturing-driven and export-oriented production models, with engineering, electronics, and industrial services gaining importance as long-term growth pillars.
🇱🇻 Latvia
Latvia’s industrial production showed moderate growth at the end of 2025, supported mainly by manufacturing and energy supply. In December, industrial output increased year-on-year, although monthly data indicated a slight contraction, reflecting short-term seasonal volatility.
Manufacturing output remained broadly stable, while electricity and gas supply recorded strong growth. At the same time, mining and quarrying continued to decline significantly. Over the full year, Latvia demonstrated the strongest industrial recovery among the Baltic states, confirming its manufacturing-driven rebound.
📊 Latvia Industry
December 2025
• Industrial production YoY: +1.0%
• Manufacturing YoY: +0.3%
• Electricity and gas YoY: +8.8%
• Mining and quarrying YoY: −18.9%
• Industrial production MoM: −1.4%
Full Year 2025
• Industrial production: +4.0%
🇪🇪 Estonia
Estonia’s industrial production remained largely stable in December 2025, showing marginal year-on-year growth but declining slightly compared with the previous month. Manufacturing output recorded limited expansion, reflecting a gradual recovery following earlier energy-sector adjustments.
Throughout 2025, Estonia’s industrial sector continued to stabilise, although growth remained weaker than in neighbouring Baltic economies. Structural changes in the energy sector and external demand conditions remained key factors influencing industrial performance.
📊 Estonia Industry
December 2025
• Industrial production YoY: +0.2%
• Manufacturing YoY: +0.4%
• Industrial production MoM: −1.8%
Full Year 2025
• Industrial production: +1.7%
🇱🇹 Lithuania
Lithuania’s industrial production showed near-stable performance in December 2025, supported by moderate growth in manufacturing. However, the energy sector recorded a significant decline, which limited overall industrial expansion.
Monthly data indicated a slight contraction in total output, reflecting typical year-end adjustments. For the full year, Lithuania demonstrated steady industrial growth, positioning itself between Latvia and Estonia in terms of overall performance.
📊 Lithuania Industry
December 2025
• Industrial production YoY: +0.2%
• Manufacturing YoY: +1.4%
• Electricity and gas YoY: −13.6%
• Industrial production MoM: −0.3%
Full Year 2025
# Industrial production: +2.8% BSM@2026
Image: photos/photo_194@10-02-2026_21-43-52.jpg