Overall Exports and Imports for Latvia 2023
- The total value of exports (FOB) is US$ 20,540 million.
- The total value of imports (CIF) is US$ 24,546 million.
- At the HS6 digit level, 3,761 products are exported to 199 countries and 4,223 products are imported from 168 countries.
Top 5 Products exports imports at HS 6 digit level 2023
The top five exported HS 6 digit level products to world by Latvia along with trade value are:
- Latvia exported Transmission apparatus, for radioteleph incorpo , worth 892,634.22 (US$ Thousands).
- Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth 661,526.90 (US$ Thousands).
- Latvia exported Spelt, common wheat and meslin , worth 649,910.14 (US$ Thousands).
- Latvia exported Other medicaments of mixed or unmixed products, , worth 543,528.07 (US$ Thousands).
- Latvia exported Natural gas in gaseous state , worth 453,121.66 (US$ Thousands).
The top five imported HS 6 digit level products from world by Latvia along with trade value are
- Latvia imported Petroleum oils, etc, (excl. crude); preparation , worth 1,287,828.82 (US$ Thousands).
- Latvia imported Natural gas in gaseous state , worth 954,604.44 (US$ Thousands).
- Latvia imported Transmission apparatus, for radioteleph incorpo , worth 722,684.50 (US$ Thousands).
- Latvia imported Other medicaments of mixed or unmixed products, , worth 716,511.82 (US$ Thousands).
- Latvia imported Electrical energy , worth 420,271.11 (US$ Thousands).
Latvia top 5 Export and Import partners 2023
The top five countries to which Latvia exported 2023 along with the partner share in percentage are:
- Latvia exports to Lithuania worth US$ 3,698 million, with a partner share of 18.00 percent.
- Latvia exports to Estonia worth US$ 2,352 million, with a partner share of 11.45 percent.
- Latvia exports to Germany worth US$ 1,365 million, with a partner share of 6.65 percent.
- Latvia exports to Sweden worth US$ 1,224 million, with a partner share of 5.96 percent.
- Latvia exports to Russian Federation worth US$ 1,223 million, with a partner share of 5.95 percent.
The top five countries to which Latvia imported goods 2023 along with the share in percentage are
- Latvia imports from Lithuania worth US$ 5,328 million, with a partner share of 21.70 percent.
- Latvia imports from Germany worth US$ 2,824 million, with a partner share of 11.51 percent.
- Latvia imports from Poland worth US$ 2,672 million, with a partner share of 10.89 percent.
- Latvia imports from Estonia worth US$ 2,123 million, with a partner share of 8.65 percent.
- Latvia imports from Finland worth US$ 1,146 million, with a partner share of 4.67 percent.
Latvia Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Latvia Raw materials exports are worth US$ 3,527 million, product share of 17.17%.
- Latvia Raw materials imports are worth US$ 2,098 million, product share of 8.55%.
- Latvia Intermediate goods exports are worth US$ 4,449 million, product share of 21.66%.
- Latvia Intermediate goods imports are worth US$ 4,313 million, product share of 17.57%.
- Latvia Consumer goods exports are worth US$ 7,771 million, product share of 37.83%.
- Latvia Consumer goods imports are worth US$ 11,261 million, product share of 45.87%.
- Latvia Capital goods exports are worth US$ 4,030 million, product share of 19.62%.
- Latvia Capital goods imports are worth US$ 5,469 million, product share of 22.28%.
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 %.