1. Home
  2. Global Insights
  3. By Country
  4. Latvia
  5. Trade Statistics

Latvia: Trade Statistics

Exporter Rank

65 / 121

Importer Rank

67 / 121

Trade Balance Rank

76 / 121

Total Trade [1]

Total Exports (2017) $12,997,523,700
Total Imports (2017) $15,848,165,568
Trade Balance (2017) ($2,850,641,868)
Exports of goods and services (% of GDP) (2018) [2] 58.88%
Imports of goods and services (% of GDP) (2018) [2] 59.49%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Lithuania $2,159,135,623
Estonia $1,514,189,758
Russia $1,185,171,490
Germany $949,962,982
Sweden $799,288,589
United Kingdom $671,434,275
Poland $587,249,230
Denmark $554,859,725
United States $351,872,457
Netherlands $346,193,777

Import Partners

Top 10 Import Countries

Country Import USD$
Lithuania $2,944,864,740
Germany $1,796,022,155
Poland $1,440,756,558
Estonia $1,220,217,239
Russia $1,181,052,213
Finland $687,194,815
Netherlands $636,822,233
Italy $510,658,471
China $498,128,453
Sweden $482,817,053

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(44) Wood $2,146,127,908
(85) Electrical Machinery $1,435,560,340
(84) Industrial Machinery $884,174,033
(87) Motor Vehicles & Parts $705,380,805
(22) Beverages $667,348,784
(27) Oil & Mineral Fuels $538,494,681
(30) Pharmaceuticals $485,802,776
(72) Iron & Steel $482,843,388
(10) Cereals $464,426,062
(73) Iron & Steel Articles $417,776,396

Top 10 Import Goods

HS Code Import USD$
(85) Electrical Machinery $1,754,454,364
(84) Industrial Machinery $1,632,461,093
(27) Oil & Mineral Fuels $1,426,554,030
(87) Motor Vehicles & Parts $1,379,962,182
(39) Plastics $670,023,131
(30) Pharmaceuticals $669,490,105
(22) Beverages $601,615,594
(72) Iron & Steel $575,101,201
(44) Wood $506,935,175
(73) Iron & Steel Articles $369,795,144

Sources:

  1. UN Comtrade (2017) except where stated otherwise.
  2. The World Bank. Accessed: 9/30/2019
Latvia