Latvia Trade Summary

2019 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): 14,447
No. Of products: 3,721
No. Of partners: 200
Importsmore »
Imports (in US$ Mil): 17,768
No. Of products: 4,208
No. Of partners: 149

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Transmission apparat ...745,321.55
Coniferous wood sawn ...676,755.39
Spelt, common wheat ...480,121.24
Other medicaments of ...459,411.74
Sawdust, wood waste ...348,066.96
Imports (US$ Thousands)
Petroleum oils, etc, ...936,301.72
Aircraft nes of an u ...673,137.76
Transmission apparat ...657,751.22
Other medicaments of ...519,811.44
Natural gas in gaseo ...242,295.07

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania2,475 17.13
Estonia1,689 11.69
Russian Federation1,324 9.16
Germany1,046 7.24
Sweden955 6.61
Exporter Trade (US$ Mil) Partner share(%)
Lithuania3,133 17.64
Germany1,942 10.93
Poland1,673 9.42
Estonia1,505 8.47
Russian Federation1,209 6.80

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,478 17.15 1,398 7.87 1.24
Intermediate goods3,375 23.36 3,139 17.67 2.12
Consumer goods5,338 36.95 7,666 43.15 2.08
Capital goods2,863 19.82 4,587 25.82 0.33

Trade Indicators

more »
HH Market concentration index: 0.06
Index of export market penetration: 6.24
World Growth: -1.13
Country Growth: -5.51

Tariffs

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No Of Tariff Agreement: ...
Maximum Rate (%): 237.64
Simple Average (%): 2.82
Weighted Average (%): 1.43
Duty Free Imports (US$ Thousand): 2,639,443.94
Duty Free Tariff Lines Share (%): 48.82

Development Indicators

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GDP (current US$): 34,103
GNI per capita, Atlas method (current US$): 17,730.00
Trade Balance (% of GDP): -0.84
Trade Balance (current US$ Mil): -286.00
Trade in services (% of GDP): 28.73
Trade (% of GDP): 121.09