Latvia Trade

Latest trade data available from various sources.

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

2020

Overall Exports and Imports

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

Trade Indicator

HH Market concentration index0.06
Index of export market penetration6.52
World Growth-3.91
Country Growth1.72

Service Indicators 2020

Service imports (BoP, current US$)2,961,363,403.03
Service exports (BoP, current US$)5,028,249,908.42
Imports of goods and services (% of GDP)59.12
Exports of goods and services (% of GDP)60.28

Latvia 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

Latvia Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,742 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

Top 5 Products exports imports at HS 6 digit level

Exports
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
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

Tariff and Trade Barriers for Latvia

Tariffs 2020

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

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)

2020 WDI »
Population1,926,542
GDP (current US$ Mil)33,505
GNI per capita, Atlas method (current US$)...
Trade Balance (current US$ Mil)389.00
Trade Balance (% of GDP)1.16

Doing Business

2019 Doing Business »
Ease of Doing Business Rank19
Trading Across Borders Rank28

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.33
LPI Rank43