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
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.



Overall Exports and Imports

Exports (in US$ Mil) 14,447
No. Of products 3,721
No. Of partners 200
Imports (in US$ Mil) 17,768
No. Of products 4,208
No. Of partners 149

Trade Indicator

HH Market concentration index0.06
Index of export market penetration6.24
World Growth-1.13
Country Growth-5.51

Service Indicators 2019

Service imports (BoP, current US$)3,543,850,599.40
Service exports (BoP, current US$)6,252,710,327.54
Imports of goods and services (% of GDP)61.05
Exports of goods and services (% of GDP)60.21

Latvia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania2,475 17.13
Estonia1,689 11.69
Russian Federation1,324 9.16
Germany1,046 7.24
Sweden955 6.61
Exporter Trade (US$ Mil) Partner share(%)
Lithuania3,133 17.64
Germany1,942 10.93
Poland1,673 9.42
Estonia1,505 8.47
Russian Federation1,209 6.80

Latvia Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials2,478 17.15 1,398 7.87 1.24
Intermediate goods3,375 23.36 3,139 17.67 2.12
Consumer goods5,338 36.95 7,666 43.15 2.08
Capital goods2,863 19.82 4,587 25.82 0.33

Top 5 Products exports imports at HS 6 digit level

Transmission apparat ...745,321.55
Coniferous wood sawn ...676,755.39
Spelt, common wheat ...480,121.24
Other medicaments of ...459,411.74
Sawdust, wood waste ...348,066.96
Petroleum oils, etc, ...936,301.72
Aircraft nes of an u ...673,137.76
Transmission apparat ...657,751.22
Other medicaments of ...519,811.44
Natural gas in gaseo ...242,295.07

Tariff and Trade Barriers for Latvia

Tariffs 2019

No. Of Tariff Agreement ...
Simple Average (%) 2.82
Duty Free Imports (US$ Thousand) 2,639,443.94
Maximum Rate (%) 237.64
Weighted Average (%) 1.43
Duty Free Tariff Lines Share (%) 48.82

Overall Trade Restrictiveness Index (OTRI)

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

Services Service Policy Restrictive Database (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)

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

World Development Indicators (WDI)

2019 WDI »
GDP (current US$ Mil)34,055
GNI per capita, Atlas method (current US$)17,730.00
Trade Balance (current US$ Mil)-286.00
Trade Balance (% of GDP)-0.84

Doing Business

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

Country Policy and Institutional Assessment (CPIA)

CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.33
LPI Rank43