Latvia Trade Summary

2022 Data

Latvia exports, imports, tariff by year.

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): 22,494
No. Of products: 3,738
No. Of partners: 197
Importsmore »
Imports (in US$ Mil): 27,901
No. Of products: 4,208
No. Of partners: 167

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Natural gas in gaseo ...1,151,021.54
Coniferous wood sawn ...1,102,022.23
Spelt, common wheat ...950,788.14
Transmission apparat ...800,827.09
Electrical energy710,158.68
Imports (US$ Thousands)
Natural gas in gaseo ...2,526,818.07
Petroleum oils, etc, ...1,599,553.58
Electrical energy1,349,480.20
Transmission apparat ...712,310.18
Aircraft nes of an u ...662,876.16

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania4,096 18.21
Estonia2,635 11.72
Germany1,509 6.71
Russian Federation1,261 5.61
Sweden1,255 5.58
Exporter Trade (US$ Mil) Partner share(%)
Lithuania6,793 24.35
Estonia2,810 10.07
Germany2,673 9.58
Poland2,630 9.43
Russian Federation1,928 6.91

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials3,997 17.77 2,111 7.57 0.85
Intermediate goods5,654 25.14 6,182 22.16 1.56
Consumer goods8,327 37.02 12,411 44.48 1.54
Capital goods3,820 16.98 5,970 21.40 0.50

Trade Indicators

more »
HH Market concentration index: 0.07
Index of export market penetration: 6.80
World Growth: 5.18
Country Growth: 7.15

Tariffs

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No Of Tariff Agreement: ...
Maximum Rate (%): 134.47
Simple Average (%): 2.21
Weighted Average (%): 1.37
Duty Free Imports (US$ Thousand): 3,725,170.06
Duty Free Tariff Lines Share (%): 62.80

Development Indicators

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GDP (current US$): 41,154
GNI per capita, Atlas method (current US$): 21,500.00
Trade Balance (% of GDP): -5.82
Trade Balance (current US$ Mil): -2,393.00
Trade in services (% of GDP): 30.94
Trade (% of GDP): 146.50