Overall Exports and Imports for Latvia 2020
- The total value of exports (FOB) is US$ 15,197 million.
- The total value of imports (CIF) is US$ 17,315 million.
- At the HS6 digit level, 3,685 products are exported to 196 countries and 4,225 products are imported from 160 countries.
Top 5 Products exports imports at HS 6 digit level 2020
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$ 916,332.44 million.
- Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth US$ 688,577.41 million.
- Latvia exported Spelt, common wheat and meslin , worth US$ 640,362.30 million.
- Latvia exported Other medicaments of mixed or unmixed products, , worth US$ 414,448.58 million.
- Latvia exported Sawdust, wood waste and scrap (incl. agglomerat , worth US$ 382,172.15 million.
The top five imported HS 6 digit level products from world by Latvia along with trade value are
- Latvia imported Transmission apparatus, for radioteleph incorpo , worth US$ 740,114.18 million.
- Latvia imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 672,191.95 million.
- Latvia imported Other medicaments of mixed or unmixed products, , worth US$ 551,332.12 million.
- Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 276,342.72 million.
- Latvia imported Television receivers including video monitors a , worth US$ 253,004.38 million.
Latvia top 5 Export and Import partners 2020
The top five countries to which Latvia exported 2020 along with the partner share in percentage are:
- Latvia exports to Lithuania worth US$ 2,478 million, with a partner share of 16.30 percent.
- Latvia exports to Estonia worth US$ 1,772 million, with a partner share of 11.66 percent.
- Latvia exports to Russian Federation worth US$ 1,293 million, with a partner share of 8.51 percent.
- Latvia exports to Germany worth US$ 1,099 million, with a partner share of 7.23 percent.
- Latvia exports to United Kingdom worth US$ 871 million, with a partner share of 5.73 percent.
The top five countries to which Latvia imported goods 2020 along with the share in percentage are
- Latvia imports from Lithuania worth US$ 3,103 million, with a partner share of 17.92 percent.
- Latvia imports from Germany worth US$ 1,807 million, with a partner share of 10.43 percent.
- Latvia imports from Poland worth US$ 1,762 million, with a partner share of 10.18 percent.
- Latvia imports from Estonia worth US$ 1,477 million, with a partner share of 8.53 percent.
- Latvia imports from Russian Federation worth US$ 1,064 million, with a partner share of 6.14 percent.
Latvia Exports and Imports of Product Groups 2020
Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import.
- Latvia Raw materials exports are worth US$ 2,742 million, product share of 18.05%.
- Latvia Raw materials imports are worth US$ 1,525 million, product share of 8.81%.
- Latvia Intermediate goods exports are worth US$ 3,375 million, product share of 22.21%.
- Latvia Intermediate goods imports are worth US$ 3,109 million, product share of 17.96%.
- Latvia Consumer goods exports are worth US$ 5,446 million, product share of 35.84%.
- Latvia Consumer goods imports are worth US$ 7,495 million, product share of 43.29%.
- Latvia Capital goods exports are worth US$ 3,262 million, product share of 21.46%.
- Latvia Capital goods imports are worth US$ 4,331 million, product share of 25.01%.
Latvia Trade Indicators 2020
- 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 1.72.
Latvia Service Trade data from WDI 2020
- Latvia, Service imports (BoP, current US$) is 2,961,363,403.03.
- Latvia, Service exports (BoP, current US$) is 5,028,249,908.42.
- Latvia, Imports of goods and services as percentage of GDP is 59.12 %.
- Latvia, Exports of goods and services as percentage of GDP is 60.28 %.