Latvia Trade Summary

2021 Data

Latvia exports, imports, tariff by year.

Country / Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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): 19,459
No. Of products: 3,716
No. Of partners: 193
Importsmore »
Imports (in US$ Mil): 23,086
No. Of products: 4,255
No. Of partners: 165

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Coniferous wood sawn ...1,281,055.61
Transmission apparat ...831,368.41
Spelt, common wheat ...606,034.04
Other medicaments of ...544,591.84
Sawdust, wood waste ...426,650.43
Imports (US$ Thousands)
Petroleum oils, etc, ...947,454.37
Transmission apparat ...691,529.35
Aircraft nes of an u ...681,382.35
Other medicaments of ...623,410.81
Natural gas in gaseo ...510,225.79

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania3,456 17.76
Estonia2,067 10.62
United Kingdom1,491 7.66
Germany1,416 7.28
Russian Federation1,416 7.28
Exporter Trade (US$ Mil) Partner share(%)
Lithuania3,975 17.22
Germany2,431 10.53
Poland2,215 9.59
Russian Federation2,096 9.08
Estonia2,046 8.86

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials3,241 16.66 1,838 7.96 1.98
Intermediate goods5,302 27.25 5,198 22.51 1.84
Consumer goods6,800 34.95 9,193 39.82 1.52
Capital goods3,650 18.76 5,735 24.84 0.34

Trade Indicators

more »
HH Market concentration index: 0.07
Index of export market penetration: 6.98
World Growth: 12.50
Country Growth: 10.83

Tariffs

more »
No Of Tariff Agreement: ...
Maximum Rate (%): 193.43
Simple Average (%): 2.36
Weighted Average (%): 1.28
Duty Free Imports (US$ Thousand): 4,074,522.11
Duty Free Tariff Lines Share (%): 56.49

Development Indicators

more »
GDP (current US$): 39,725
GNI per capita, Atlas method (current US$): 19,830.00
Trade Balance (% of GDP): -3.44
Trade Balance (current US$ Mil): -1,365.00
Trade in services (% of GDP): 26.58
Trade (% of GDP): 130.79