Overall Exports and Imports for Latvia 2019
- The total value of exports (FOB) is US$ 14,447 million.
- The total value of imports (CIF) is US$ 17,768 million.
- At the HS6 digit level, 3,721 products are exported to 200 countries and 4,208 products are imported from 149 countries.
Top 5 Products exports imports at HS 6 digit level 2019
The top five exported HS 6 digit level products to world by Latvia along with trade value are:
- Latvia exported Transmission apparatus, for radioteleph incorpo , worth US$ 745,321.55 million.
- Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 676,755.39 million.
- Latvia exported Spelt, common wheat and meslin , worth US$ 480,121.24 million.
- Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 459,411.74 million.
- Latvia exported Sawdust, wood waste and scrap (incl. agglomerat , worth US$ 348,066.96 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$ 936,301.72 million.
- Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 673,137.76 million.
- Latvia imported Transmission apparatus, for radioteleph incorpo , worth US$ 657,751.22 million.
- Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 519,811.44 million.
- Latvia imported Natural gas in gaseous state , worth US$ 242,295.07 million.
Latvia top 5 Export and Import partners 2019
The top five countries to which Latvia exported 2019 along with the partner share in percentage are:
- Latvia exports to Lithuania worth US$ 2,475 million, with a partner share of 17.13 percent.
- Latvia exports to Estonia worth US$ 1,689 million, with a partner share of 11.69 percent.
- Latvia exports to Russian Federation worth US$ 1,324 million, with a partner share of 9.16 percent.
- Latvia exports to Germany worth US$ 1,046 million, with a partner share of 7.24 percent.
- Latvia exports to Sweden worth US$ 955 million, with a partner share of 6.61 percent.
The top five countries to which Latvia imported goods 2019 along with the share in percentage are
- Latvia imports from Lithuania worth US$ 3,133 million, with a partner share of 17.64 percent.
- Latvia imports from Germany worth US$ 1,942 million, with a partner share of 10.93 percent.
- Latvia imports from Poland worth US$ 1,673 million, with a partner share of 9.42 percent.
- Latvia imports from Estonia worth US$ 1,505 million, with a partner share of 8.47 percent.
- Latvia imports from Russian Federation worth US$ 1,209 million, with a partner share of 6.80 percent.
Latvia Exports and Imports of Product Groups 2019
Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import.
- Latvia Raw materials exports are worth US$ 2,478 million, product share of 17.15%.
- Latvia Raw materials imports are worth US$ 1,398 million, product share of 7.87%.
- Latvia Intermediate goods exports are worth US$ 3,375 million, product share of 23.36%.
- Latvia Intermediate goods imports are worth US$ 3,139 million, product share of 17.67%.
- Latvia Consumer goods exports are worth US$ 5,338 million, product share of 36.95%.
- Latvia Consumer goods imports are worth US$ 7,666 million, product share of 43.15%.
- Latvia Capital goods exports are worth US$ 2,863 million, product share of 19.82%.
- Latvia Capital goods imports are worth US$ 4,587 million, product share of 25.82%.
Latvia Trade Indicators 2019
- Hirschman Herfindahl Market concentration index is 0.06.
- Index of export market penetration is 0.06.
- World Growth in percentage is 0.06 and Latvia Country Growth is -5.51.
Latvia Service Trade data from WDI 2019
- Latvia, Service imports (BoP, current US$) is 3,543,850,599.00.
- Latvia, Service exports (BoP, current US$) is 6,252,710,328.00.
- Latvia, Imports of goods and services as percentage of GDP is 60.97 %.
- Latvia, Exports of goods and services as percentage of GDP is 60.13 %.