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Latvia Trade Summary

1998

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 1998

Overall Exports and Imports for Latvia 1998

Exports and imports of Latvia in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,811 million.
  • The total value of imports (CIF) was 3,191 million.
  • At the HS6 digit level, 2,958 products were exported to 121 countries and 4,315 products were imported from 109 countries.

Latvia top 5 Export and Import partners 1998

Top five countries to which Latvia exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Germany worth US$ 283 million, with a partner share of 15.61 percent.
  2. Latvia exports to United Kingdom worth US$ 245 million, with a partner share of 13.50 percent.
  3. Latvia exports to Russian Federation worth US$ 219 million, with a partner share of 12.07 percent.
  4. Latvia exports to Sweden worth US$ 186 million, with a partner share of 10.29 percent.
  5. Latvia exports to Lithuania worth US$ 134 million, with a partner share of 7.42 percent.

Top five countries from which Latvia imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Germany worth US$ 535 million, with a partner share of 16.77 percent.
  2. Latvia imports from Russian Federation worth US$ 375 million, with a partner share of 11.76 percent.
  3. Latvia imports from Finland worth US$ 304 million, with a partner share of 9.52 percent.
  4. Latvia imports from Sweden worth US$ 229 million, with a partner share of 7.18 percent.
  5. Latvia imports from Estonia worth US$ 212 million, with a partner share of 6.63 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 1998

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$ 283,216.67 million.
  2. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 79,555.34 million.
  3. Latvia exported Wood, nes in the rough..., (excl. treated) , worth US$ 46,900.62 million.
  4. Latvia exported Fuel wood, in logs, in billets... or in similar , worth US$ 44,279.82 million.
  5. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 42,662.94 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$ 176,556.16 million.
  2. Latvia imported Natural gas in gaseous state , worth US$ 101,125.94 million.
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 91,085.08 million.
  4. Latvia imported Automobiles with reciprocating piston engine di , worth US$ 64,251.48 million.
  5. Latvia imported Diesel powered trucks with a GVW exc five tonne , worth US$ 48,464.11 million.

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Latvia in 1998 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 1998

Key Development Indicators of Latvia in 1998 are below

  • Latvia GDP in current US dollar was 7,166 million.
  • GNI per capita, Atlas method (current US$) was 2,870.00 .
  • Latvia Trade balance: as % of GDP was -12.08.
  • Trade balance in current US$ was -866.00 million.
  • Trade as percentage of GDP was 90.55 .
  • Trade in services as percentage of GDP was 28.40 .

Trade Indicators 1998

Trade Indicators for Latvia in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 2.87.
  • World Growth in percentage was -0.47 and Latvia Country Growth was -4.20 .