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Latvia Trade Summary

2019

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 2019

Overall Exports and Imports for Latvia 2019

Exports and imports of Latvia in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 14,447 million.
  • The total value of imports (CIF) was 17,768 million.
  • At the HS6 digit level, 3,721 products were exported to 200 countries and 4,208 products were imported from 149 countries.

Latvia top 5 Export and Import partners 2019

Top five countries to which Latvia exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,475 million, with a partner share of 17.13 percent.
  2. Latvia exports to Estonia worth US$ 1,689 million, with a partner share of 11.69 percent.
  3. Latvia exports to Russian Federation worth US$ 1,324 million, with a partner share of 9.16 percent.
  4. Latvia exports to Germany worth US$ 1,046 million, with a partner share of 7.24 percent.
  5. Latvia exports to Sweden worth US$ 955 million, with a partner share of 6.61 percent.

Top five countries from which Latvia imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 3,133 million, with a partner share of 17.64 percent.
  2. Latvia imports from Germany worth US$ 1,942 million, with a partner share of 10.93 percent.
  3. Latvia imports from Poland worth US$ 1,673 million, with a partner share of 9.42 percent.
  4. Latvia imports from Estonia worth US$ 1,505 million, with a partner share of 8.47 percent.
  5. Latvia imports from Russian Federation worth US$ 1,209 million, with a partner share of 6.80 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2019

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 US$ 745,321.55 million.
  2. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 676,755.39 million.
  3. Latvia exported Spelt, common wheat and meslin , worth US$ 480,121.24 million.
  4. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 459,411.74 million.
  5. Latvia exported Sawdust, wood waste and scrap (incl. agglomerat , worth US$ 348,066.96 million.

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 US$ 936,301.72 million.
  2. Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 673,137.76 million.
  3. Latvia imported Transmission apparatus, for radioteleph incorpo , worth US$ 657,751.22 million.
  4. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 519,811.44 million.
  5. Latvia imported Natural gas in gaseous state , worth US$ 242,295.07 million.

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Latvia in 2019 are below

  • The maximum rate of tariff in percentage on any product was 237.64 percent.
  • The simple average tariff across all products was 2.82 percent.
  • The trade weighted average tariff was 1.43 .
  • The total duty free imports in thousands of US dollars were 2,639,443.94 and duty free tariff line items share was 48.82 percent.

Development Indicators 2019

Key Development Indicators of Latvia in 2019 are below

  • Latvia GDP in current US dollar was 34,344 million.
  • GNI per capita, Atlas method (current US$) was 17,830.00 .
  • Latvia Trade balance: as % of GDP was -0.66.
  • Trade balance in current US$ was -227.00 million.
  • Trade as percentage of GDP was 120.29 .
  • Trade in services as percentage of GDP was 28.48 .

Trade Indicators 2019

Trade Indicators for Latvia in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 6.41.
  • World Growth in percentage was -1.73 and Latvia Country Growth was -5.04 .