Latvia: Trade Statistics
Exporter Rank
71 / 127
Importer Rank
71 / 127
Trade Balance Rank
84 / 127
Total Trade [1]
Total Exports (2019) | $14,447,101,696 |
---|---|
Total Imports (2019) | $17,767,574,788 |
Trade Balance (2019) | ($3,320,473,092) |
Exports of goods and services (% of GDP) (2021) [2] | 64.07% |
Imports of goods and services (% of GDP) (2021) [2] | 66.15% |
Trade Partners [1]
Export Partners
Top 10 Export Countries
Country | Export USD$ |
---|---|
Lithuania | $2,474,565,960 |
Estonia | $1,689,465,574 |
Russia | $1,323,923,277 |
Germany | $1,045,696,669 |
Sweden | $955,304,154 |
United Kingdom | $813,140,088 |
Denmark | $619,564,664 |
Poland | $522,463,559 |
Netherlands | $390,156,957 |
Finland | $357,773,228 |
Import Partners
Top 10 Import Countries
Country | Import USD$ |
---|---|
Lithuania | $3,133,363,891 |
Germany | $1,941,954,506 |
Poland | $1,673,042,578 |
Estonia | $1,504,770,129 |
Russia | $1,209,071,643 |
Finland | $751,967,157 |
Netherlands | $702,799,696 |
Canada | $669,443,683 |
Sweden | $586,068,897 |
Italy | $584,772,833 |
Traded Goods [1] (at the 2-digit HS Code level)
Top 10 Export Goods
HS Code | Export USD$ |
---|---|
(44) Wood | $2,500,020,338 |
(85) Electrical Machinery | $1,526,804,324 |
(84) Industrial Machinery | $855,323,396 |
(87) Motor Vehicles & Parts | $783,392,205 |
(22) Beverages | $743,488,931 |
(27) Oil & Mineral Fuels | $655,885,355 |
(10) Cereals | $580,838,600 |
(30) Pharmaceuticals | $546,403,692 |
(73) Iron & Steel Articles | $497,315,009 |
(72) Iron & Steel | $469,152,185 |
Top 10 Import Goods
HS Code | Import USD$ |
---|---|
(85) Electrical Machinery | $1,878,262,317 |
(84) Industrial Machinery | $1,690,977,666 |
(27) Oil & Mineral Fuels | $1,553,661,947 |
(87) Motor Vehicles & Parts | $1,487,256,944 |
(88) Aircraft | $761,770,811 |
(39) Plastics | $715,837,564 |
(30) Pharmaceuticals | $713,221,810 |
(22) Beverages | $662,493,588 |
(44) Wood | $642,809,828 |
(72) Iron & Steel | $607,716,209 |
Sources:
- UN Comtrade (2019) except where stated otherwise.
- The World Bank. Accessed: 11/6/2022
Latvia