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Latvia Trade

Latest trade data available from various sources.
Latvia monthly trade data

Please note: The data from various sources are not from the same year.

Year
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.

TRADE SUMMARY FOR Latvia

Overall Exports and Imports for Latvia 2018

  • The total value of exports (FOB) is US$ 15,033 million.
  • The total value of imports (CIF) is US$ 18,613 million.
  • At the HS6 digit level, 3,741 products are exported to 202 countries and 4,220 products are imported from 146 countries.

Top 5 Products exports imports at HS 6 digit level 2018

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$ 754,366.25 million.
  • Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 749,369.48 million.
  • Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 440,590.86 million.
  • Latvia exported Turbo-jets of a thrust exceeding 25 KN , worth US$ 399,214.74 million.
  • Latvia exported Spelt, common wheat and meslin , worth US$ 330,785.99 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$ 1,037,896.15 million.
  • Latvia imported Transmission apparatus, for radioteleph incorpo , worth US$ 675,986.69 million.
  • Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 523,075.69 million.
  • Latvia imported Turbo-jets of a thrust exceeding 25 KN , worth US$ 498,402.53 million.
  • Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 489,047.06 million.

Latvia top 5 Export and Import partners 2018

The top five countries to which Latvia exported 2018 along with the partner share in percentage are:

  1. Latvia exports to Lithuania worth US$ 2,575 million, with a partner share of 17.13 percent.
  2. Latvia exports to Estonia worth US$ 1,658 million, with a partner share of 11.03 percent.
  3. Latvia exports to Russian Federation worth US$ 1,339 million, with a partner share of 8.91 percent.
  4. Latvia exports to Sweden worth US$ 1,075 million, with a partner share of 7.15 percent.
  5. Latvia exports to Germany worth US$ 1,030 million, with a partner share of 6.85 percent.

The top five countries to which Latvia imported goods 2018 along with the share in percentage are

  1. Latvia imports from Lithuania worth US$ 3,238 million, with a partner share of 17.40 percent.
  2. Latvia imports from Germany worth US$ 1,954 million, with a partner share of 10.50 percent.
  3. Latvia imports from Poland worth US$ 1,644 million, with a partner share of 8.83 percent.
  4. Latvia imports from Estonia worth US$ 1,596 million, with a partner share of 8.58 percent.
  5. Latvia imports from Russian Federation worth US$ 1,558 million, with a partner share of 8.37 percent.

Latvia Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import.


Tariff and Trade Barriers

Tariffs 2001

Tariffs imposed by Latvia in 2001 are below.

  • The maximum rate of tariff in percentage on any product is 87.80.
  • The simple average tariff across all products is 3.26.
  • The trade weighted average tariff is 2.56.
  • The total duty free imports in thousands of US dollars are 1,895,185.78 and duty free tariff line items share is 40.39.

Overall Trade Restrictiveness Index (OTRI)

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year is not available.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year is not available.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is not available.
  • No Of NTM Affected Products (HS 6 Digit) is not available.

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Latvia World Development Indicators (WDI) 2018

Key Development Indicators of Latvia in 2018 are below

WDI

Latvia Doing Business 2019

  • The ease of doing business rank for Latvia is 19.
  • The trade across border rank is 28.
Doing Business

Latvia Country Policy and Institutional Assessment (CPIA),

  • The CPIA Trade Ratings for is not available.
CPIA

LatviaLogistics Performance Index (LPI) 2016

  • The LPI score for Latvia in 2016 is 3.33.
  • The LPI rank is 43.
LPI

Latvia Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Latvia is not available.
SPRD