Latvia Trade at a Glance : Most Recent Values

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Latvia monthly trade data
Latvia quarterly trade data

Country / Region
Year
For viewing trade, tariff data for country or region by year 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.

TRADE SUMMARY FOR Latvia

2017

Overall Exports and Imports

Exports
Exports (in US$ Mil) 12,998
No. Of products 3,753
No. Of partners 198
Imports
Imports (in US$ Mil) 15,848
No. Of products 4,244
No. Of partners 151

Trade Indicator

HH Market concentration index0.06
Index of export market penetration5.54
World Growth1.50
Country Growth4.43

Service Indicators 2017

Service imports (BoP, current US$)2,996,105,257.07
Service exports (BoP, current US$)5,530,617,247.68
Imports of goods and services (% of GDP)61.80
Exports of goods and services (% of GDP)60.47

Latvia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania2,159 16.61
Estonia1,514 11.65
Russian Federation1,185 9.12
Germany950 7.31
Sweden799 6.15
Exporter Trade (US$ Mil) Partner share(%)
Lithuania2,945 18.58
Germany1,796 11.33
Poland1,441 9.09
Estonia1,220 7.70
Russian Federation1,181 7.45

Latvia Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,047 15.75 1,192 7.52 9.04
Intermediate goods2,897 22.29 2,709 17.09 1.61
Consumer goods4,934 37.96 7,072 44.62 3.41
Capital goods2,728 20.99 3,732 23.55 0.16

Top 5 Products exports imports at HS 6 digit level

Exports
Transmission apparat ...703,051.00
Coniferous wood sawn ...636,592.95
Spelt, common wheat ...420,917.06
Other medicaments of ...395,565.01
Petroleum oils, etc, ...273,168.79
Imports
Petroleum oils, etc, ...915,963.10
Transmission apparat ...655,904.42
Other medicaments of ...473,908.25
Natural gas in gaseo ...379,586.94
Aircraft nes of an u ...363,314.20

Tariff and Trade Barriers for Latvia

Tariffs 2001

No. Of Tariff Agreement 2
Simple Average (%) 3.26
Duty Free Imports (US$ Thousand) 1,895,185.78
Maximum Rate (%) 87.80
Weighted Average (%) 2.56
Duty Free Tariff Lines Share (%) 40.39

Overall Trade Restrictiveness Index (OTRI)

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff...
Overall Trade Restrictiveness Index - Applied Tariff...

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM)

No Of NTM Measures...
No Of NTM Affected Products (HS 6 Digit)...

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2017 WDI »
Population1,959,537
GDP (current US$ Mil)30,264
GNI per capita, Atlas method (current US$)14,740.00
Trade Balance (current US$ Mil)-402.00
Trade Balance (% of GDP)-1.33

Doing Business

2018 Doing Business »
Ease of Doing Business Rank19
Trading Across Borders Rank25

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.33
LPI Rank43