Latvia Trade Summary

2020 Data

Latvia exports, imports, tariff by year.
Latvia monthly trade data

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): 15,197
No. Of products: 3,685
No. Of partners: 196
Importsmore »
Imports (in US$ Mil): 17,315
No. Of products: 4,225
No. Of partners: 160

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Transmission apparat ...916,332.44
Coniferous wood sawn ...688,577.41
Spelt, common wheat ...640,362.30
Other medicaments of ...414,448.58
Sawdust, wood waste ...382,172.15
Imports (US$ Thousands)
Transmission apparat ...740,114.18
Petroleum oils, etc, ...672,191.95
Other medicaments of ...551,332.12
Aircraft nes of an u ...276,342.72
Television receivers ...253,004.38

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania2,478 16.30
Estonia1,772 11.66
Russian Federation1,293 8.51
Germany1,099 7.23
United Kingdom871 5.73
Exporter Trade (US$ Mil) Partner share(%)
Lithuania3,103 17.92
Germany1,807 10.43
Poland1,762 10.18
Estonia1,477 8.53
Russian Federation1,064 6.14

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,742 18.05 1,525 8.81 1.46
Intermediate goods3,375 22.21 3,109 17.96 1.94
Consumer goods5,446 35.84 7,495 43.29 2.17
Capital goods3,262 21.46 4,331 25.01 0.34

Trade Indicators

more »
HH Market concentration index: 0.06
Index of export market penetration: 6.52
World Growth: -3.91
Country Growth: 1.72

Tariffs

more »
No Of Tariff Agreement: ...
Maximum Rate (%): 74.90
Simple Average (%): 2.34
Weighted Average (%): 1.50
Duty Free Imports (US$ Thousand): 2,273,832.93
Duty Free Tariff Lines Share (%): 53.22

Development Indicators

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GDP (current US$): 33,505
GNI per capita, Atlas method (current US$): ...
Trade Balance (% of GDP): 1.16
Trade Balance (current US$ Mil): 389.00
Trade in services (% of GDP): 23.85
Trade (% of GDP): 119.40