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Latvia Trade Summary

2008

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 2008

Overall Exports and Imports for Latvia 2008

Exports and imports of Latvia in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 9,268 million.
  • The total value of imports (CIF) was 15,751 million.
  • At the HS6 digit level, 3,458 products were exported to 182 countries and 4,295 products were imported from 141 countries.

Latvia top 5 Export and Import partners 2008

Top five countries to which Latvia exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 1,548 million, with a partner share of 16.70 percent.
  2. Latvia exports to Estonia worth US$ 1,301 million, with a partner share of 14.04 percent.
  3. Latvia exports to Russian Federation worth US$ 925 million, with a partner share of 9.98 percent.
  4. Latvia exports to Germany worth US$ 750 million, with a partner share of 8.09 percent.
  5. Latvia exports to Sweden worth US$ 614 million, with a partner share of 6.62 percent.

Top five countries from which Latvia imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 2,598 million, with a partner share of 16.49 percent.
  2. Latvia imports from Germany worth US$ 2,054 million, with a partner share of 13.04 percent.
  3. Latvia imports from Russian Federation worth US$ 1,677 million, with a partner share of 10.65 percent.
  4. Latvia imports from Poland worth US$ 1,132 million, with a partner share of 7.18 percent.
  5. Latvia imports from Estonia worth US$ 1,121 million, with a partner share of 7.12 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2008

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

  1. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth 518,313.72 (US$ Thousands).
  2. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth 355,038.81 (US$ Thousands).
  3. Latvia exported Other medicaments of mixed or unmixed products, , worth 241,738.95 (US$ Thousands).
  4. Latvia exported Spelt, common wheat and meslin , worth 208,964.47 (US$ Thousands).
  5. Latvia exported Plywood with >=1 outer ply of non-coniferous wo , worth 168,711.46 (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 1,404,756.18 (US$ Thousands).
  2. Latvia imported Natural gas in gaseous state , worth 573,731.23 (US$ Thousands).
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth 467,791.02 (US$ Thousands).
  4. Latvia imported Automobiles with reciprocating piston engine di , worth 301,625.29 (US$ Thousands).
  5. Latvia imported Television receivers including video monitors a , worth 210,783.83 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Latvia in 2008 are below

  • The maximum rate of tariff in percentage on any product was 174.79 percent.
  • The simple average tariff across all products was 2.37 percent.
  • The trade weighted average tariff was 1.02 .
  • The total duty free imports in thousands of US dollars were 3,108,518.57 and duty free tariff line items share was 56.67 percent.

Development Indicators 2008

Key Development Indicators of Latvia in 2008 are below

  • Latvia GDP in current US dollar was 35,854 million.
  • GNI per capita, Atlas method (current US$) was 13,520.00 .
  • Latvia Trade balance: as % of GDP was -12.66.
  • Trade balance in current US$ was -4,540.00 million.
  • Trade as percentage of GDP was 91.18 .
  • Trade in services as percentage of GDP was 24.24 .

Trade Indicators 2008

Trade Indicators for Latvia in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 4.03.
  • World Growth in percentage was -59.29 and Latvia Country Growth was 6.33 .