Latvia Trade Summary

2014 Data

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

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 13,783
No. Of products: 3,624
No. Of partners: 198
Importsmore »
Imports (in US$ Mil): 17,128
No. Of products: 4,297
No. Of partners: 146

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils, etc, ...693,589.40
Transmission apparat ...631,416.81
Coniferous wood sawn ...625,510.77
Spelt, common wheat ...356,905.49
Other medicaments of ...318,391.43
Imports (US$ Thousands)
Petroleum oils, etc, ...1,567,531.62
Transmission apparat ...658,012.85
Natural gas in gaseo ...489,771.31
Other medicaments of ...427,666.15
Electrical energy355,172.10

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania2,734 19.84
Estonia1,606 11.65
Russian Federation1,457 10.57
Germany932 6.76
Poland881 6.39
Exporter Trade (US$ Mil) Partner share(%)
Lithuania2,957 17.26
Germany1,913 11.17
Poland1,905 11.12
Estonia1,541 9.00
Russian Federation1,440 8.41

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,091 15.17 1,332 7.78 0.96
Intermediate goods3,121 22.64 3,099 18.09 2.25
Consumer goods5,352 38.83 7,970 46.53 1.70
Capital goods2,403 17.43 3,388 19.78 0.69

Trade Indicators

more »
HH Market concentration index: 0.06
Index of export market penetration: 5.25
World Growth: 0.12
Country Growth: 6.51

Tariffs

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No Of Tariff Agreement: ...
Maximum Rate (%): 190.22
Simple Average (%): 2.91
Weighted Average (%): 1.65
Duty Free Imports (US$ Thousand): 2,073,248.19
Duty Free Tariff Lines Share (%): 46.14

Development Indicators

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GDP (current US$): 31,329
GNI per capita, Atlas method (current US$): 15,330.00
Trade Balance (% of GDP): -2.94
Trade Balance (current US$ Mil): -922.00
Trade in services (% of GDP): 26.48
Trade (% of GDP): 125.27