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Latvia Trade at a Glance : Most Recent Values

Latest trade data available from various sources.
Latvia monthly trade data

Please note: The data from various sources are not from the same year.

Year

Latvia exports, imports, trade and tariff indicators 2023

Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

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Latvia Trade

Overall Exports and Imports for Latvia 2025

The total value of exports (FOB) is US$ 22,124 million.
The total value of imports (CIF) is US$ 26,293 million.
The total trade was US$ 48,417 million.
The trade balance was US$ -4,170 million.

China Monthly Exports and imports, in Jan 2025

The total value of exports (FOB) is US$ 1,848,850 K.
The total value of imports (CIF) is US$ 2,049,942 K.
The total trade was US$ 3,898,792 K.
The trade balance was US$ -201,092 K.

Latvia Trade Indicators 2023

Hirschman Herfindahl Market concentration index is 0.07.
Index of export market penetration is 0.07.
World Growth in percentage is 0.07 and Latvia Country Growth is -6.12.

Latvia Service Trade data from WDI 2023

Latvia, Service imports (BoP, current US$) is 5,755,842,663.08.
Latvia, Service exports (BoP, current US$) is 8,124,140,024.06.
Latvia, Imports of goods and services as percentage of GDP is 70.17 %.
Latvia, Exports of goods and services as percentage of GDP is 66.46 %.

Tariff and Trade Barriers

Tariffs 2023

Tariffs imposed by Latvia in 2023 are below.

The maximum rate of tariff in percentage on any product is 147.04.
The simple average tariff across all products is 2.28.
The trade weighted average tariff is 1.52.
The total duty free imports in thousands of US dollars are 2,906,728.38 and duty free tariff line items share is 60.63.

Latvia Foreign Direct Investment (FDI) 2024

FDI Inward stock (in US$ Mil) was US$ 27,299 million.
FDI Inward stock flow (in US$ Mil) was US$ 1,211 million.
FDI Outward stock (in US$ Mil) was US$ 6,704 million.
FDI Outward stock flow (in US$ Mil) was US$ 145 million.

Non-Tariff Measures (NTM)

No Of NTM Measures is not available.
No Of NTM Affected Products (HS 6 Digit) is not available.

Latvia World Development Indicators (WDI) 2023

Key Development Indicators of Latvia in 2023 are below

The population of Latvia is 1,926,542.
GDP in US$ is 42,572 million .
GNI per capita, Atlas method in current US dollars is 21,400.00.
Trade balance in US$ is -1,580.00 million.
Trade in services as percentage of GDP is -3.71 %.

WDI

Latvia Global Value Chain (GVC) 2022

GVC related output as percentage of output was not available.
GVC related trade as percentage of trade was 59 %.

GVC

Latvia Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index (Over All) for Latvia is not available.

SPRD