Commodity | Reporter | Partner | Trade flow | Indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
TOTAL. ALL COMMODITIES | Latvia | World | Exports | Value (US$) | 12,685,521,524.00 | 13,324,704,654.00 | 13,782,781,935.39 | 11,649,939,894.56 | 11,607,295,065.31 | 13,189,947,231.04 | 15,064,999,864.07 | 14,447,101,696.60 | 15,196,527,243.77 | 19,458,821,916.27 | 22,494,202,398.60 | 20,329,492,937.70 |
Value Growth, YoY (%) | 5.81 | 5.03 | 3.43 | -15.47 | -0.36 | 13.63 | 14.21 | -4.10 | 5.18 | 28.04 | 15.59 | -9.62 | ||||
Imports | Value (US$) | 16,082,387,658.00 | 16,778,948,555.00 | 17,127,924,107.81 | 14,095,807,354.84 | 13,736,506,776.63 | 16,053,149,440.46 | 18,612,965,523.02 | 17,767,574,788.62 | 17,315,082,294.26 | 23,085,527,945.03 | 27,901,013,028.90 | 24,978,867,122.64 | |||
Value Growth, YoY (%) | 4.22 | 4.33 | 2.07 | -17.70 | -2.54 | 16.86 | 15.94 | -4.54 | -2.54 | 33.32 | 20.85 | -10.47 |
The value of merchandise exports from Latvia totalled $ 20 billion in 2023. Overall commodity exports from Latvia decreased by 9.62% compared to 2022. Merchandise exports decreased by $ 2.16 billion (the value of merchandise exports from Latvia amounted to $22 billion in 2022)
Top export destinations of commodities from Latvia in 2023:
Latvia's Top Exports in 2023:
The value of merchandise imports to Latvia totalled $ 24 billion in 2023. Overall commodity imports to Latvia decreased by 10.4% compared to 2022. Merchandise imports decreased by $ 2.92 billion (the value of merchandise imports to Latvia was equal to $27 billion in 2022)
Top trading partners (import sources) of Latvia in 2023:
Latvia's Top Imports in 2023: