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Latvia Trade Summary

2015

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


Products

TRADE SUMMARY FOR LATVIA 2015

Overall Exports and Imports for Latvia 2015

Exports and imports of Latvia in 2015 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,650 million.
  • The total value of imports (CIF) was 14,096 million.
  • At the HS6 digit level, 3,626 products were exported to 195 countries and 4,264 products were imported from 139 countries.

Latvia top 5 Export and Import partners 2015

Top five countries to which Latvia exported in 2015 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,366 million, with a partner share of 20.31 percent.
  2. Latvia exports to Estonia worth US$ 1,336 million, with a partner share of 11.47 percent.
  3. Latvia exports to Russian Federation worth US$ 928 million, with a partner share of 7.97 percent.
  4. Latvia exports to Germany worth US$ 731 million, with a partner share of 6.27 percent.
  5. Latvia exports to Poland worth US$ 683 million, with a partner share of 5.86 percent.

Top five countries from which Latvia imported goods in 2015 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 2,409 million, with a partner share of 17.09 percent.
  2. Latvia imports from Germany worth US$ 1,558 million, with a partner share of 11.05 percent.
  3. Latvia imports from Poland worth US$ 1,529 million, with a partner share of 10.85 percent.
  4. Latvia imports from Russian Federation worth US$ 1,255 million, with a partner share of 8.91 percent.
  5. Latvia imports from Estonia worth US$ 1,209 million, with a partner share of 8.58 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2015

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 540,912.57 (US$ Thousands).
  2. Latvia exported Petroleum oils, etc, (excl. crude); preparation , worth 497,145.00 (US$ Thousands).
  3. Latvia exported Transmission apparatus, for radioteleph incorpo , worth 482,077.30 (US$ Thousands).
  4. Latvia exported Spelt, common wheat and meslin , worth 375,264.63 (US$ Thousands).
  5. Latvia exported Other medicaments of mixed or unmixed products, , worth 285,056.43 (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 1,108,690.16 (US$ Thousands).
  2. Latvia imported Transmission apparatus, for radioteleph incorpo , worth 489,555.87 (US$ Thousands).
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth 380,290.10 (US$ Thousands).
  4. Latvia imported Natural gas in gaseous state , worth 344,483.75 (US$ Thousands).
  5. Latvia imported Electrical energy , worth 247,463.83 (US$ Thousands).

Exports and Imports of Product Groups 2015

Exports and imports of products by stages of processing in 2015 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2015

Tariffs imposed by Latvia in 2015 are below

  • The maximum rate of tariff in percentage on any product was 201.65 percent.
  • The simple average tariff across all products was 2.86 percent.
  • The trade weighted average tariff was 1.69 .
  • The total duty free imports in thousands of US dollars were 2,087,643.44 and duty free tariff line items share was 47.22 percent.

Development Indicators 2015

Key Development Indicators of Latvia in 2015 are below

  • Latvia GDP in current US dollar was 27,263 million.
  • GNI per capita, Atlas method (current US$) was 15,110.00 .
  • Latvia Trade balance: as % of GDP was -1.70.
  • Trade balance in current US$ was -464.00 million.
  • Trade as percentage of GDP was 122.25 .
  • Trade in services as percentage of GDP was 27.39 .

Trade Indicators 2015

Trade Indicators for Latvia in 2015 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 5.25.
  • World Growth in percentage was -6.31 and Latvia Country Growth was -10.32 .