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) 19,459
No. Of products 3,716
No. Of partners 193
Imports (in US$ Mil) 23,086
No. Of products 4,255
No. Of partners 165

Trade Indicator

HH Market concentration index0.07
Index of export market penetration6.82
World Growth12.59
Country Growth10.91

Service Indicators 2021

Service imports (BoP, current US$)4,272,393,555.34
Service exports (BoP, current US$)6,286,372,002.31
Imports of goods and services (% of GDP)67.11
Exports of goods and services (% of GDP)63.68

Latvia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania3,456 17.76
Estonia2,067 10.62
United Kingdom1,491 7.66
Germany1,416 7.28
Russian Federation1,416 7.28
Exporter Trade (US$ Mil) Partner share(%)
Lithuania3,975 17.22
Germany2,431 10.53
Poland2,215 9.59
Russian Federation2,096 9.08
Estonia2,046 8.86

Latvia Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials3,241 16.66 1,838 7.96 1.98
Intermediate goods5,302 27.25 5,198 22.51 1.84
Consumer goods6,800 34.95 9,193 39.82 1.52
Capital goods3,650 18.76 5,735 24.84 0.34

Top 5 Products exports imports at HS 6 digit level

Coniferous wood sawn ...1,281,055.61
Transmission apparat ...831,368.41
Spelt, common wheat ...606,034.04
Other medicaments of ...544,591.84
Sawdust, wood waste ...426,650.43
Petroleum oils, etc, ...947,454.37
Transmission apparat ...691,529.35
Aircraft nes of an u ...681,382.35
Other medicaments of ...623,410.81
Natural gas in gaseo ...510,225.79

Tariff and Trade Barriers for Latvia

Tariffs 2021

No. Of Tariff Agreement ...
Simple Average (%) 2.36
Duty Free Imports (US$ Thousand) 4,074,522.11
Maximum Rate (%) 193.43
Weighted Average (%) 1.28
Duty Free Tariff Lines Share (%) 56.49

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)

2021 WDI »
GDP (current US$ Mil)39,725
GNI per capita, Atlas method (current US$)19,830.00
Trade Balance (current US$ Mil)-1,365.00
Trade Balance (% of GDP)-3.44

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