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Latvia Trade Summary

2011

Latvia exports, imports, tariff by year.
Latvia monthly trade data
Latvia quarterly trade data

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


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TRADE SUMMARY FOR LATVIA 2011

Overall Exports and Imports for Latvia 2011

Exports and imports of Latvia in 2011 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,988 million.
  • The total value of imports (CIF) was 15,431 million.
  • At the HS6 digit level, 3,604 products were exported to 181 countries and 4,308 products were imported from 139 countries.

Latvia top 5 Export and Import partners 2011

Top five countries to which Latvia exported in 2011 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,172 million, with a partner share of 18.12 percent.
  2. Latvia exports to Estonia worth US$ 1,635 million, with a partner share of 13.64 percent.
  3. Latvia exports to Russian Federation worth US$ 1,266 million, with a partner share of 10.56 percent.
  4. Latvia exports to Germany worth US$ 992 million, with a partner share of 8.27 percent.
  5. Latvia exports to Sweden worth US$ 760 million, with a partner share of 6.34 percent.

Top five countries from which Latvia imported goods in 2011 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 2,898 million, with a partner share of 18.78 percent.
  2. Latvia imports from Germany worth US$ 1,870 million, with a partner share of 12.12 percent.
  3. Latvia imports from Russian Federation worth US$ 1,318 million, with a partner share of 8.54 percent.
  4. Latvia imports from Poland worth US$ 1,249 million, with a partner share of 8.10 percent.
  5. Latvia imports from Estonia worth US$ 1,149 million, with a partner share of 7.45 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2011

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

  1. Latvia exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 586,423.53 million.
  2. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 506,955.55 million.
  3. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 428,761.43 million.
  4. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 315,782.64 million.
  5. Latvia exported Television receivers including video monitors a , worth US$ 235,855.40 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$ 1,579,687.18 million.
  2. Latvia imported Natural gas in gaseous state , worth US$ 522,994.00 million.
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 400,459.13 million.
  4. Latvia imported Semi-fin prod,i/nas,rect/sq cross-sect cntg by , worth US$ 251,543.98 million.
  5. Latvia imported Electrical energy , worth US$ 239,883.08 million.

Exports and Imports of Product Groups 2011

Exports and imports of products by stages of processing in 2011 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2011

Tariffs imposed by Latvia in 2011 are below

  • The maximum rate of tariff in percentage on any product was 155.66 percent.
  • The simple average tariff across all products was 2.24 percent.
  • The trade weighted average tariff was 1.02 .
  • The total duty free imports in thousands of US dollars were 2,935,604.69 and duty free tariff line items share was 58.24 percent.

Development Indicators 2011

Key Development Indicators of Latvia in 2011 are below

  • Latvia GDP in current US dollar was 27,474 million.
  • GNI per capita, Atlas method (current US$) was 12,740.00 .
  • Latvia Trade balance: as % of GDP was -5.93.
  • Trade balance in current US$ was -1,629.00 million.
  • Trade as percentage of GDP was 125.49 .
  • Trade in services as percentage of GDP was 27.62 .

Trade Indicators 2011

Trade Indicators for Latvia in 2011 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 4.55.
  • World Growth in percentage was 9.25 and Latvia Country Growth was 16.36 .