Overall Exports and Imports for Latvia 2021
- The total value of exports (FOB) is US$ 19,459 million.
- The total value of imports (CIF) is US$ 23,086 million.
- At the HS6 digit level, 3,716 products are exported to 193 countries and 4,255 products are imported from 165 countries.
Top 5 Products exports imports at HS 6 digit level 2021
The top five exported HS 6 digit level products to world by Latvia along with trade value are:
- Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 1,281,055.61 million.
- Latvia exported Transmission apparatus, for radioteleph incorpo , worth US$ 831,368.41 million.
- Latvia exported Spelt, common wheat and meslin , worth US$ 606,034.04 million.
- Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 544,591.84 million.
- Latvia exported Sawdust, wood waste and scrap (incl. agglomerat , worth US$ 426,650.43 million.
The top five imported HS 6 digit level products from world by Latvia along with trade value are
- Latvia imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 947,454.37 million.
- Latvia imported Transmission apparatus, for radioteleph incorpo , worth US$ 691,529.35 million.
- Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 681,382.35 million.
- Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 623,410.81 million.
- Latvia imported Natural gas in gaseous state , worth US$ 510,225.79 million.
Latvia top 5 Export and Import partners 2021
The top five countries to which Latvia exported 2021 along with the partner share in percentage are:
- Latvia exports to Lithuania worth US$ 3,456 million, with a partner share of 17.76 percent.
- Latvia exports to Estonia worth US$ 2,067 million, with a partner share of 10.62 percent.
- Latvia exports to United Kingdom worth US$ 1,491 million, with a partner share of 7.66 percent.
- Latvia exports to Germany worth US$ 1,416 million, with a partner share of 7.28 percent.
- Latvia exports to Russian Federation worth US$ 1,416 million, with a partner share of 7.28 percent.
The top five countries to which Latvia imported goods 2021 along with the share in percentage are
- Latvia imports from Lithuania worth US$ 3,975 million, with a partner share of 17.22 percent.
- Latvia imports from Germany worth US$ 2,431 million, with a partner share of 10.53 percent.
- Latvia imports from Poland worth US$ 2,215 million, with a partner share of 9.59 percent.
- Latvia imports from Russian Federation worth US$ 2,096 million, with a partner share of 9.08 percent.
- Latvia imports from Estonia worth US$ 2,046 million, with a partner share of 8.86 percent.
Latvia Exports and Imports of Product Groups 2021
Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import.
- Latvia Raw materials exports are worth US$ 3,241 million, product share of 16.66%.
- Latvia Raw materials imports are worth US$ 1,838 million, product share of 7.96%.
- Latvia Intermediate goods exports are worth US$ 5,302 million, product share of 27.25%.
- Latvia Intermediate goods imports are worth US$ 5,198 million, product share of 22.51%.
- Latvia Consumer goods exports are worth US$ 6,800 million, product share of 34.95%.
- Latvia Consumer goods imports are worth US$ 9,193 million, product share of 39.82%.
- Latvia Capital goods exports are worth US$ 3,650 million, product share of 18.76%.
- Latvia Capital goods imports are worth US$ 5,735 million, product share of 24.84%.
Latvia Trade Indicators 2021
- Hirschman Herfindahl Market concentration index is 0.07.
- Index of export market penetration is 0.07.
- World Growth in percentage is 0.07 and Latvia Country Growth is 10.91.
Latvia Service Trade data from WDI 2021
- Latvia, Service imports (BoP, current US$) is 4,272,393,555.34.
- Latvia, Service exports (BoP, current US$) is 6,286,372,002.31.
- Latvia, Imports of goods and services as percentage of GDP is 67.11 %.
- Latvia, Exports of goods and services as percentage of GDP is 63.68 %.