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Latvia Trade Summary

2016

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 2016

Overall Exports and Imports for Latvia 2016

Exports and imports of Latvia in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,607 million.
  • The total value of imports (CIF) was 13,737 million.
  • At the HS6 digit level, 3,722 products were exported to 198 countries and 4,271 products were imported from 149 countries.

Latvia top 5 Export and Import partners 2016

Top five countries to which Latvia exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,230 million, with a partner share of 19.21 percent.
  2. Latvia exports to Estonia worth US$ 1,380 million, with a partner share of 11.89 percent.
  3. Latvia exports to Russian Federation worth US$ 878 million, with a partner share of 7.57 percent.
  4. Latvia exports to Germany worth US$ 819 million, with a partner share of 7.06 percent.
  5. Latvia exports to Sweden worth US$ 688 million, with a partner share of 5.93 percent.

Top five countries from which Latvia imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 2,416 million, with a partner share of 17.59 percent.
  2. Latvia imports from Germany worth US$ 1,614 million, with a partner share of 11.75 percent.
  3. Latvia imports from Poland worth US$ 1,454 million, with a partner share of 10.59 percent.
  4. Latvia imports from Estonia worth US$ 1,183 million, with a partner share of 8.61 percent.
  5. Latvia imports from Russian Federation worth US$ 1,095 million, with a partner share of 7.97 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2016

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 590,011.10 (US$ Thousands).
  2. Latvia exported Spelt, common wheat and meslin , worth 390,569.34 (US$ Thousands).
  3. Latvia exported Other medicaments of mixed or unmixed products, , worth 356,496.66 (US$ Thousands).
  4. Latvia exported Transmission apparatus, for radioteleph incorpo , worth 336,174.13 (US$ Thousands).
  5. Latvia exported Petroleum oils, etc, (excl. crude); preparation , worth 300,865.41 (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 802,198.40 (US$ Thousands).
  2. Latvia imported Other medicaments of mixed or unmixed products, , worth 441,320.57 (US$ Thousands).
  3. Latvia imported Transmission apparatus, for radioteleph incorpo , worth 391,260.27 (US$ Thousands).
  4. Latvia imported Natural gas in gaseous state , worth 263,495.27 (US$ Thousands).
  5. Latvia imported Television receivers including video monitors a , worth 258,118.64 (US$ Thousands).

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Latvia in 2016 are below

  • The maximum rate of tariff in percentage on any product was 241.58 percent.
  • The simple average tariff across all products was 2.74 percent.
  • The trade weighted average tariff was 1.71 .
  • The total duty free imports in thousands of US dollars were 1,827,428.75 and duty free tariff line items share was 50.44 percent.

Development Indicators 2016

Key Development Indicators of Latvia in 2016 are below

  • Latvia GDP in current US dollar was 28,084 million.
  • GNI per capita, Atlas method (current US$) was 14,800.00 .
  • Latvia Trade balance: as % of GDP was 0.35.
  • Trade balance in current US$ was 98.00 million.
  • Trade as percentage of GDP was 118.86 .
  • Trade in services as percentage of GDP was 28.04 .

Trade Indicators 2016

Trade Indicators for Latvia in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 5.65.
  • World Growth in percentage was -1.35 and Latvia Country Growth was 0.55 .