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Latvia Trade Summary

1996

Latvia exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR LATVIA 1996

Overall Exports and Imports for Latvia 1996

Exports and imports of Latvia in 1996 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,443 million.
  • The total value of imports (CIF) was 2,319 million.
  • At the HS6 digit level, 2,788 products were exported to 100 countries and 4,194 products were imported from 121 countries.

Latvia top 5 Export and Import partners 1996

Top five countries to which Latvia exported in 1996 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Russian Federation worth US$ 330 million, with a partner share of 22.84 percent.
  2. Latvia exports to Germany worth US$ 199 million, with a partner share of 13.78 percent.
  3. Latvia exports to United Kingdom worth US$ 160 million, with a partner share of 11.10 percent.
  4. Latvia exports to Lithuania worth US$ 107 million, with a partner share of 7.44 percent.
  5. Latvia exports to Sweden worth US$ 95 million, with a partner share of 6.56 percent.

Top five countries from which Latvia imported goods in 1996 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Russian Federation worth US$ 469 million, with a partner share of 20.22 percent.
  2. Latvia imports from Germany worth US$ 321 million, with a partner share of 13.84 percent.
  3. Latvia imports from Finland worth US$ 214 million, with a partner share of 9.21 percent.
  4. Latvia imports from Sweden worth US$ 183 million, with a partner share of 7.87 percent.
  5. Latvia imports from Lithuania worth US$ 146 million, with a partner share of 6.31 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 1996

The top five exported HS 6 digit level products to world by Latvia along with trade value are:

  1. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth 178,908.85 (US$ Thousands).
  2. Latvia exported Prepared or preserved sardines, sardinella, bri , worth 60,006.12 (US$ Thousands).
  3. Latvia exported Bars & rods, i/nas, hr,in irreg wound coils,cnt , worth 36,154.52 (US$ Thousands).
  4. Latvia exported Other medicaments of mixed or unmixed products, , worth 31,789.91 (US$ Thousands).
  5. Latvia exported Untreated coniferous wood in the rough... , worth 28,061.27 (US$ Thousands).

The top five imported HS 6 digit level products from world by Latvia along with trade value are

  1. Latvia imported Petroleum oils, etc, (excl. crude); preparation , worth 319,023.58 (US$ Thousands).
  2. Latvia imported Natural gas in gaseous state , worth 81,971.50 (US$ Thousands).
  3. Latvia imported Electrical energy , worth 79,077.90 (US$ Thousands).
  4. Latvia imported Other medicaments of mixed or unmixed products, , worth 47,609.64 (US$ Thousands).
  5. Latvia imported Parts and accessories of automatic data process , worth 29,756.68 (US$ Thousands).

Exports and Imports of Product Groups 1996

Exports and imports of products by stages of processing in 1996 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1996

Tariffs imposed by Latvia in 1996 are below

  • The maximum rate of tariff in percentage on any product was 45 percent.
  • The simple average tariff across all products was 3.67 percent.
  • The trade weighted average tariff was 2.18 .
  • The total duty free imports in thousands of US dollars were 662,547.73 and duty free tariff line items share was 9.20 percent.

Development Indicators 1996

Key Development Indicators of Latvia in 1996 are below

  • Latvia GDP in current US dollar was 5,975 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Latvia Trade balance: as % of GDP was -9.01.
  • Trade balance in current US$ was -538.00 million.
  • Trade as percentage of GDP was 89.84 .
  • Trade in services as percentage of GDP was 32.32 .

Trade Indicators 1996

Trade Indicators for Latvia in 1996 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 2.62.
  • World Growth in percentage was 3.55 and Latvia Country Growth was 13.07 .