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Latvia Trade Summary

2018

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 2018

Overall Exports and Imports for Latvia 2018

Exports and imports of Latvia in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 15,033 million.
  • The total value of imports (CIF) was 18,613 million.
  • At the HS6 digit level, 3,741 products were exported to 202 countries and 4,220 products were imported from 146 countries.

Latvia top 5 Export and Import partners 2018

Top five countries to which Latvia exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Latvia exports to Lithuania worth US$ 2,575 million, with a partner share of 17.13 percent.
  2. Latvia exports to Estonia worth US$ 1,658 million, with a partner share of 11.03 percent.
  3. Latvia exports to Russian Federation worth US$ 1,339 million, with a partner share of 8.91 percent.
  4. Latvia exports to Sweden worth US$ 1,075 million, with a partner share of 7.15 percent.
  5. Latvia exports to Germany worth US$ 1,030 million, with a partner share of 6.85 percent.

Top five countries from which Latvia imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Latvia imports from Lithuania worth US$ 3,238 million, with a partner share of 17.40 percent.
  2. Latvia imports from Germany worth US$ 1,954 million, with a partner share of 10.50 percent.
  3. Latvia imports from Poland worth US$ 1,644 million, with a partner share of 8.83 percent.
  4. Latvia imports from Estonia worth US$ 1,596 million, with a partner share of 8.58 percent.
  5. Latvia imports from Russian Federation worth US$ 1,558 million, with a partner share of 8.37 percent.

Latvia Top 5 Productsexports imports at HS 6 digit level 2018

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$ 754,366.25 million.
  2. Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 749,369.48 million.
  3. Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 440,590.86 million.
  4. Latvia exported Turbo-jets of a thrust exceeding 25 KN , worth US$ 399,214.74 million.
  5. Latvia exported Spelt, common wheat and meslin , worth US$ 330,785.99 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$ 1,037,896.15 million.
  2. Latvia imported Transmission apparatus, for radioteleph incorpo , worth US$ 675,986.69 million.
  3. Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 523,075.69 million.
  4. Latvia imported Turbo-jets of a thrust exceeding 25 KN , worth US$ 498,402.53 million.
  5. Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 489,047.06 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Latvia in 2018 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2018

Key Development Indicators of Latvia in 2018 are below

  • Latvia GDP in current US dollar was 34,409 million.
  • GNI per capita, Atlas method (current US$) was 16,510.00 .
  • Latvia Trade balance: as % of GDP was -0.19.
  • Trade balance in current US$ was -64.00 million.
  • Trade as percentage of GDP was 122.79 .
  • Trade in services as percentage of GDP was 28.24 .

Trade Indicators 2018

Trade Indicators for Latvia in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 6.25.
  • World Growth in percentage was 3.50 and Latvia Country Growth was 10.94 .