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
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) 11,433
No. Of products 3,700
No. Of partners 194
Imports (in US$ Mil) 13,596
No. Of products 4,264
No. Of partners 150

Trade Indicator

HH Market concentration index0.08
Index of export market penetration5.20
World Growth-4.43
Country Growth-0.67

Service Indicators 2016

Service imports (BoP, current US$)2,616,297,981.40
Service exports (BoP, current US$)4,693,580,107.90
Imports of goods and services (% of GDP)57.44
Exports of goods and services (% of GDP)57.99

Latvia top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Lithuania2,088 18.26
Estonia1,385 12.11
Russian Federation871 7.62
Germany827 7.23
Sweden688 6.02
Exporter Trade (US$ Mil) Partner share(%)
Lithuania2,384 17.53
Germany1,614 11.87
Poland1,462 10.76
Estonia1,082 7.96
Russian Federation1,051 7.73

Latvia Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,748 15.29 1,003 7.38 9.04
Intermediate goods2,440 21.34 2,220 16.33 1.61
Consumer goods4,328 37.86 6,085 44.76 3.41
Capital goods2,132 18.64 2,958 21.76 0.16

Top 5 Products exports imports at HS 6 digit level

Coniferous wood sawn ...569,972.96
Spelt, common wheat ...381,043.71
Other medicaments of ...352,340.26
Transmission apparat ...322,477.10
Petroleum oils, etc, ...293,751.77
Petroleum oils, etc, ...799,207.37
Other medicaments of ...436,800.71
Transmission apparat ...374,293.30
Natural gas in gaseo ...263,706.75
Television receivers ...246,727.31

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)

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)

2016 WDI »
GDP (current US$ Mil)27,677
GNI per capita, Atlas method (current US$)14,630.00
Trade Balance (current US$ Mil)151.00
Trade Balance (% of GDP)0.55

Doing Business

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

Country Policy and Institutional Assessment (CPIA)

CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.33
LPI Rank43