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Latvia Trade Summary

2006

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 2006

Overall Exports and Imports for Latvia 2006

Exports and imports of Latvia in 2006 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,891 million.
  • The total value of imports (CIF) was 11,427 million.
  • At the HS6 digit level, 3,489 products were exported to 170 countries and 4,523 products were imported from 140 countries.

Latvia top 5 Export and Import partners 2006

Top five countries to which Latvia exported in 2006 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 864 million, with a partner share of 14.67 percent.
  2. Latvia exports to Estonia worth US$ 750 million, with a partner share of 12.73 percent.
  3. Latvia exports to Germany worth US$ 594 million, with a partner share of 10.09 percent.
  4. Latvia exports to Russian Federation worth US$ 522 million, with a partner share of 8.86 percent.
  5. Latvia exports to United Kingdom worth US$ 460 million, with a partner share of 7.81 percent.

Top five countries from which Latvia imported goods in 2006 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Germany worth US$ 1,771 million, with a partner share of 15.50 percent.
  2. Latvia imports from Lithuania worth US$ 1,483 million, with a partner share of 12.98 percent.
  3. Latvia imports from Russian Federation worth US$ 894 million, with a partner share of 7.82 percent.
  4. Latvia imports from Estonia worth US$ 885 million, with a partner share of 7.75 percent.
  5. Latvia imports from Poland worth US$ 823 million, with a partner share of 7.20 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2006

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$ 468,753.79 million.
  2. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 313,326.84 million.
  3. Latvia exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 228,325.53 million.
  4. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 153,033.17 million.
  5. Latvia exported Plywood with >=1 outer ply of non-coniferous wo , worth US$ 136,178.82 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$ 1,049,316.53 million.
  2. Latvia imported Automobiles with reciprocating piston engine di , worth US$ 356,811.11 million.
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 296,795.28 million.
  4. Latvia imported Natural gas in gaseous state , worth US$ 220,415.47 million.
  5. Latvia imported Automobiles with diesel engine displacing more , worth US$ 156,479.91 million.

Exports and Imports of Product Groups 2006

Exports and imports of products by stages of processing in 2006 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2006

Tariffs imposed by Latvia in 2006 are below

  • The maximum rate of tariff in percentage on any product was 2,454.20 percent.
  • The simple average tariff across all products was 2.79 percent.
  • The trade weighted average tariff was 1.54 .
  • The total duty free imports in thousands of US dollars were 2,072,453.87 and duty free tariff line items share was 51.70 percent.

Development Indicators 2006

Key Development Indicators of Latvia in 2006 are below

  • Latvia GDP in current US dollar was 21,570 million.
  • GNI per capita, Atlas method (current US$) was 8,930.00 .
  • Latvia Trade balance: as % of GDP was -20.64.
  • Trade balance in current US$ was -4,453.00 million.
  • Trade as percentage of GDP was 100.13 .
  • Trade in services as percentage of GDP was 23.55 .

Trade Indicators 2006

Trade Indicators for Latvia in 2006 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 3.83.
  • World Growth in percentage was 7.64 and Latvia Country Growth was 9.92 .