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Latvia Trade Summary

2017

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 2017

Overall Exports and Imports for Latvia 2017

Exports and imports of Latvia in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 13,190 million.
  • The total value of imports (CIF) was 16,053 million.
  • At the HS6 digit level, 3,755 products were exported to 199 countries and 4,246 products were imported from 150 countries.

Latvia top 5 Export and Import partners 2017

Top five countries to which Latvia exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,313 million, with a partner share of 17.53 percent.
  2. Latvia exports to Estonia worth US$ 1,525 million, with a partner share of 11.56 percent.
  3. Latvia exports to Russian Federation worth US$ 1,188 million, with a partner share of 9.01 percent.
  4. Latvia exports to Germany worth US$ 950 million, with a partner share of 7.20 percent.
  5. Latvia exports to Sweden worth US$ 799 million, with a partner share of 6.06 percent.

Top five countries from which Latvia imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 2,975 million, with a partner share of 18.53 percent.
  2. Latvia imports from Germany worth US$ 1,795 million, with a partner share of 11.18 percent.
  3. Latvia imports from Poland worth US$ 1,442 million, with a partner share of 8.98 percent.
  4. Latvia imports from Estonia worth US$ 1,315 million, with a partner share of 8.19 percent.
  5. Latvia imports from Russian Federation worth US$ 1,239 million, with a partner share of 7.72 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2017

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

  1. Latvia exported Transmission apparatus, for radioteleph incorpo , worth 703,110.88 (US$ Thousands).
  2. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth 636,647.17 (US$ Thousands).
  3. Latvia exported Spelt, common wheat and meslin , worth 420,952.91 (US$ Thousands).
  4. Latvia exported Other medicaments of mixed or unmixed products, , worth 395,598.71 (US$ Thousands).
  5. Latvia exported Petroleum oils, etc, (excl. crude); preparation , worth 273,192.06 (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 916,087.04 (US$ Thousands).
  2. Latvia imported Transmission apparatus, for radioteleph incorpo , worth 655,993.17 (US$ Thousands).
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth 473,972.38 (US$ Thousands).
  4. Latvia imported Natural gas in gaseous state , worth 379,638.30 (US$ Thousands).
  5. Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth 363,363.36 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Latvia in 2017 are below

  • The maximum rate of tariff in percentage on any product was 275.99 percent.
  • The simple average tariff across all products was 2.73 percent.
  • The trade weighted average tariff was 1.65 .
  • The total duty free imports in thousands of US dollars were 1,872,815.88 and duty free tariff line items share was 47.25 percent.

Development Indicators 2017

Key Development Indicators of Latvia in 2017 are below

  • Latvia GDP in current US dollar was 30,484 million.
  • GNI per capita, Atlas method (current US$) was 14,870.00 .
  • Latvia Trade balance: as % of GDP was -0.63.
  • Trade balance in current US$ was -192.00 million.
  • Trade as percentage of GDP was 123.81 .
  • Trade in services as percentage of GDP was 28.67 .

Trade Indicators 2017

Trade Indicators for Latvia in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 5.99.
  • World Growth in percentage was 5.17 and Latvia Country Growth was 4.94 .