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Latvia Trade Summary

2004

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 2004

Overall Exports and Imports for Latvia 2004

Exports and imports of Latvia in 2004 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,379 million.
  • The total value of imports (CIF) was 7,311 million.
  • At the HS6 digit level, 3,451 products were exported to 154 countries and 4,496 products were imported from 130 countries.

Latvia top 5 Export and Import partners 2004

Top five countries to which Latvia exported in 2004 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Germany worth US$ 534 million, with a partner share of 12.19 percent.
  2. Latvia exports to United Kingdom worth US$ 525 million, with a partner share of 11.98 percent.
  3. Latvia exports to Sweden worth US$ 428 million, with a partner share of 9.77 percent.
  4. Latvia exports to Lithuania worth US$ 380 million, with a partner share of 8.68 percent.
  5. Latvia exports to Estonia worth US$ 334 million, with a partner share of 7.62 percent.

Top five countries from which Latvia imported goods in 2004 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Germany worth US$ 989 million, with a partner share of 13.53 percent.
  2. Latvia imports from Lithuania worth US$ 872 million, with a partner share of 11.93 percent.
  3. Latvia imports from Russian Federation worth US$ 680 million, with a partner share of 9.30 percent.
  4. Latvia imports from Estonia worth US$ 501 million, with a partner share of 6.85 percent.
  5. Latvia imports from Sweden worth US$ 453 million, with a partner share of 6.19 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2004

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$ 496,010.53 million.
  2. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 341,846.56 million.
  3. Latvia exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 138,967.07 million.
  4. Latvia exported Plywood with >=1 outer ply of non-coniferous wo , worth US$ 103,299.53 million.
  5. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 100,898.02 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$ 622,207.95 million.
  2. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 207,199.70 million.
  3. Latvia imported Automobiles with reciprocating piston engine di , worth US$ 147,117.47 million.
  4. Latvia imported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 133,022.76 million.
  5. Latvia imported Natural gas in gaseous state , worth US$ 132,405.96 million.

Exports and Imports of Product Groups 2004

Exports and imports of products by stages of processing in 2004 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2004

Tariffs imposed by Latvia in 2004 are below

  • The maximum rate of tariff in percentage on any product was 377.20 percent.
  • The simple average tariff across all products was 2.87 percent.
  • The trade weighted average tariff was 1.22 .
  • The total duty free imports in thousands of US dollars were 1,521,937.35 and duty free tariff line items share was 51.55 percent.

Development Indicators 2004

Key Development Indicators of Latvia in 2004 are below

  • Latvia GDP in current US dollar was 14,402 million.
  • GNI per capita, Atlas method (current US$) was 5,830.00 .
  • Latvia Trade balance: as % of GDP was -15.35.
  • Trade balance in current US$ was -2,210.00 million.
  • Trade as percentage of GDP was 93.35 .
  • Trade in services as percentage of GDP was 22.22 .

Trade Indicators 2004

Trade Indicators for Latvia in 2004 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 3.61.
  • World Growth in percentage was 10.40 and Latvia Country Growth was 19.58 .