Overall Exports and Imports for Latvia 2022
- The total value of exports (FOB) is US$ 22,494 million.
- The total value of imports (CIF) is US$ 27,901 million.
- At the HS6 digit level, 3,738 products are exported to 197 countries and 4,208 products are imported from 167 countries.
Top 5 Products exports imports at HS 6 digit level 2022
The top five exported HS 6 digit level products to world by Latvia along with trade value are:
- Latvia exported Natural gas in gaseous state , worth 1,151,021.54 (US$ Thousands).
- Latvia exported Coniferous wood sawn or chipped lengthwise, sli , worth 1,102,022.23 (US$ Thousands).
- Latvia exported Spelt, common wheat and meslin , worth 950,788.14 (US$ Thousands).
- Latvia exported Transmission apparatus, for radioteleph incorpo , worth 800,827.09 (US$ Thousands).
- Latvia exported Electrical energy , worth 710,158.68 (US$ Thousands).
The top five imported HS 6 digit level products from world by Latvia along with trade value are
- Latvia imported Natural gas in gaseous state , worth 2,526,818.07 (US$ Thousands).
- Latvia imported Petroleum oils, etc, (excl. crude); preparation , worth 1,599,553.58 (US$ Thousands).
- Latvia imported Electrical energy , worth 1,349,480.20 (US$ Thousands).
- Latvia imported Transmission apparatus, for radioteleph incorpo , worth 712,310.18 (US$ Thousands).
- Latvia imported Aircraft nes of an unladen weight exceeding 15, , worth 662,876.16 (US$ Thousands).
Latvia top 5 Export and Import partners 2022
The top five countries to which Latvia exported 2022 along with the partner share in percentage are:
- Latvia exports to Lithuania worth US$ 4,096 million, with a partner share of 18.21 percent.
- Latvia exports to Estonia worth US$ 2,635 million, with a partner share of 11.72 percent.
- Latvia exports to Germany worth US$ 1,509 million, with a partner share of 6.71 percent.
- Latvia exports to Russian Federation worth US$ 1,261 million, with a partner share of 5.61 percent.
- Latvia exports to Sweden worth US$ 1,255 million, with a partner share of 5.58 percent.
The top five countries to which Latvia imported goods 2022 along with the share in percentage are
- Latvia imports from Lithuania worth US$ 6,793 million, with a partner share of 24.35 percent.
- Latvia imports from Estonia worth US$ 2,810 million, with a partner share of 10.07 percent.
- Latvia imports from Germany worth US$ 2,673 million, with a partner share of 9.58 percent.
- Latvia imports from Poland worth US$ 2,630 million, with a partner share of 9.43 percent.
- Latvia imports from Russian Federation worth US$ 1,928 million, with a partner share of 6.91 percent.
Latvia Exports and Imports of Product Groups 2022
Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import.
- Latvia Raw materials exports are worth US$ 3,997 million, product share of 17.77%.
- Latvia Raw materials imports are worth US$ 2,111 million, product share of 7.57%.
- Latvia Intermediate goods exports are worth US$ 5,654 million, product share of 25.14%.
- Latvia Intermediate goods imports are worth US$ 6,182 million, product share of 22.16%.
- Latvia Consumer goods exports are worth US$ 8,327 million, product share of 37.02%.
- Latvia Consumer goods imports are worth US$ 12,411 million, product share of 44.48%.
- Latvia Capital goods exports are worth US$ 3,820 million, product share of 16.98%.
- Latvia Capital goods imports are worth US$ 5,970 million, product share of 21.40%.
Latvia Trade Indicators 2022
- 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 7.20.
Latvia Service Trade data from WDI 2022
- Latvia, Service imports (BoP, current US$) is 5,143,980,732.64.
- Latvia, Service exports (BoP, current US$) is 7,587,325,393.87.
- Latvia, Imports of goods and services as percentage of GDP is 76.16 %.
- Latvia, Exports of goods and services as percentage of GDP is 70.34 %.