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:
- Latvia exports to Lithuania worth US$ 2,575 million, with a partner share of 17.13 percent.
- Latvia exports to Estonia worth US$ 1,658 million, with a partner share of 11.03 percent.
- Latvia exports to Russian Federation worth US$ 1,339 million, with a partner share of 8.91 percent.
- Latvia exports to Sweden worth US$ 1,075 million, with a partner share of 7.15 percent.
- 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
- Latvia imports from Lithuania worth US$ 3,238 million, with a partner share of 17.40 percent.
- Latvia imports from Germany worth US$ 1,954 million, with a partner share of 10.50 percent.
- Latvia imports from Poland worth US$ 1,644 million, with a partner share of 8.83 percent.
- Latvia imports from Estonia worth US$ 1,596 million, with a partner share of 8.58 percent.
- 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.
- Latvia Raw materials exports are worth US$ 2,341 million, product share of 15.57%.
- Latvia Raw materials imports are worth US$ 1,483 million, product share of 7.96%.
- Latvia Intermediate goods exports are worth US$ 3,728 million, product share of 24.80%.
- Latvia Intermediate goods imports are worth US$ 3,452 million, product share of 18.55%.
- Latvia Consumer goods exports are worth US$ 5,292 million, product share of 35.20%.
- Latvia Consumer goods imports are worth US$ 7,828 million, product share of 42.05%.
- Latvia Capital goods exports are worth US$ 3,344 million, product share of 22.25%.
- Latvia Capital goods imports are worth US$ 5,050 million, product share of 27.13%.
Latvia Trade Indicators 2018
- Hirschman Herfindahl Market concentration index is 0.05.
- Index of export market penetration is 0.05.
- World Growth in percentage is 0.05 and Latvia Country Growth is 10.94.
Latvia Service Trade data from WDI 2018
- Latvia, Service imports (BoP, current US$) is 3,503,209,912.50.
- Latvia, Service exports (BoP, current US$) is 6,212,589,172.60.
- Latvia, Imports of goods and services as percentage of GDP is 61.49 %.
- Latvia, Exports of goods and services as percentage of GDP is 61.30 %.