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Latvia Trade Summary

1997

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 1997

Overall Exports and Imports for Latvia 1997

Exports and imports of Latvia in 1997 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,672 million.
  • The total value of imports (CIF) was 2,721 million.
  • At the HS6 digit level, 2,927 products were exported to 106 countries and 4,260 products were imported from 111 countries.

Latvia top 5 Export and Import partners 1997

Top five countries to which Latvia exported in 1997 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Russian Federation worth US$ 350 million, with a partner share of 20.95 percent.
  2. Latvia exports to United Kingdom worth US$ 240 million, with a partner share of 14.34 percent.
  3. Latvia exports to Germany worth US$ 230 million, with a partner share of 13.77 percent.
  4. Latvia exports to Sweden worth US$ 139 million, with a partner share of 8.30 percent.
  5. Latvia exports to Lithuania worth US$ 126 million, with a partner share of 7.51 percent.

Top five countries from which Latvia imported goods in 1997 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Germany worth US$ 435 million, with a partner share of 16.00 percent.
  2. Latvia imports from Russian Federation worth US$ 425 million, with a partner share of 15.60 percent.
  3. Latvia imports from Finland worth US$ 264 million, with a partner share of 9.69 percent.
  4. Latvia imports from Sweden worth US$ 209 million, with a partner share of 7.67 percent.
  5. Latvia imports from Lithuania worth US$ 173 million, with a partner share of 6.37 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 1997

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 US$ 270,481.54 million.
  2. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 54,679.42 million.
  3. Latvia exported Prepared or preserved sardines, sardinella, bri , worth US$ 49,245.95 million.
  4. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 41,805.66 million.
  5. Latvia exported Untreated coniferous wood in the rough... , worth US$ 32,528.51 million.

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 US$ 199,590.42 million.
  2. Latvia imported Natural gas in gaseous state , worth US$ 103,223.00 million.
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 63,818.89 million.
  4. Latvia imported Electrical energy , worth US$ 41,621.58 million.
  5. Latvia imported Automobiles with reciprocating piston engine di , worth US$ 41,528.22 million.

Exports and Imports of Product Groups 1997

Exports and imports of products by stages of processing in 1997 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1997

Tariffs imposed by Latvia in 1997 are below

  • The maximum rate of tariff in percentage on any product was 75 percent.
  • The simple average tariff across all products was 4.93 percent.
  • The trade weighted average tariff was 3.21 .
  • The total duty free imports in thousands of US dollars were 670,877.89 and duty free tariff line items share was 6.45 percent.

Development Indicators 1997

Key Development Indicators of Latvia in 1997 are below

  • Latvia GDP in current US dollar was 6,528 million.
  • GNI per capita, Atlas method (current US$) was 2,720.00 .
  • Latvia Trade balance: as % of GDP was -9.04.
  • Trade balance in current US$ was -590.00 million.
  • Trade as percentage of GDP was 88.44 .
  • Trade in services as percentage of GDP was 27.70 .

Trade Indicators 1997

Trade Indicators for Latvia in 1997 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 2.67.
  • World Growth in percentage was 3.05 and Latvia Country Growth was 5.95 .