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Latvia Trade Summary

2012

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

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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.

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TRADE SUMMARY FOR LATVIA 2012

Overall Exports and Imports for Latvia 2012

Exports and imports of Latvia in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 12,686 million.
  • The total value of imports (CIF) was 16,082 million.
  • At the HS6 digit level, 3,580 products were exported to 191 countries and 4,307 products were imported from 140 countries.

Latvia top 5 Export and Import partners 2012

Top five countries to which Latvia exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,029 million, with a partner share of 16.00 percent.
  2. Latvia exports to Estonia worth US$ 1,654 million, with a partner share of 13.04 percent.
  3. Latvia exports to Russian Federation worth US$ 1,446 million, with a partner share of 11.40 percent.
  4. Latvia exports to Germany worth US$ 1,005 million, with a partner share of 7.93 percent.
  5. Latvia exports to Poland worth US$ 763 million, with a partner share of 6.01 percent.

Top five countries from which Latvia imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 3,195 million, with a partner share of 19.86 percent.
  2. Latvia imports from Germany worth US$ 1,856 million, with a partner share of 11.54 percent.
  3. Latvia imports from Russian Federation worth US$ 1,513 million, with a partner share of 9.41 percent.
  4. Latvia imports from Poland worth US$ 1,384 million, with a partner share of 8.61 percent.
  5. Latvia imports from Estonia worth US$ 1,245 million, with a partner share of 7.74 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2012

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$ 663,192.31 million.
  2. Latvia exported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 540,178.96 million.
  3. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 481,018.65 million.
  4. Latvia exported Spelt, common wheat and meslin , worth US$ 459,375.10 million.
  5. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 280,310.03 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$ 1,735,205.52 million.
  2. Latvia imported Natural gas in gaseous state , worth US$ 600,691.98 million.
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 355,191.19 million.
  4. Latvia imported Ferrous waste and scrap, iron or steel, nes , worth US$ 354,319.71 million.
  5. Latvia imported Television receivers including video monitors a , worth US$ 242,416.91 million.

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Latvia in 2012 are below

  • The maximum rate of tariff in percentage on any product was 164.87 percent.
  • The simple average tariff across all products was 2.17 percent.
  • The trade weighted average tariff was 0.93 .
  • The total duty free imports in thousands of US dollars were 2,972,054.49 and duty free tariff line items share was 58.47 percent.

Development Indicators 2012

Key Development Indicators of Latvia in 2012 are below

  • Latvia GDP in current US dollar was 28,325 million.
  • GNI per capita, Atlas method (current US$) was 13,890.00 .
  • Latvia Trade balance: as % of GDP was -5.31.
  • Trade balance in current US$ was -1,505.00 million.
  • Trade as percentage of GDP was 127.53 .
  • Trade in services as percentage of GDP was 26.69 .

Trade Indicators 2012

Trade Indicators for Latvia in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 4.83.
  • World Growth in percentage was -0.01 and Latvia Country Growth was -1.49 .