Annual International Trade Statistics by Country (HS)
Publication date: 2023-05-14
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Latvia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022

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TOTAL. ALL COMMODITIESLatviaWorldExportsValue (US$)11,988,196,196.0012,685,521,524.0013,324,704,654.0013,782,781,935.3911,649,939,894.5611,607,295,065.3113,189,947,231.0415,064,999,864.0714,447,101,696.6015,196,527,243.7719,458,821,916.2722,473,660,955.97
Value Growth, YoY (%)35.445.815.033.43-15.47-0.3613.6314.21-4.105.1828.0415.49
ImportsValue (US$)15,430,778,744.0016,082,387,658.0016,778,948,555.0017,127,924,107.8114,095,807,354.8413,736,506,776.6316,053,149,440.4618,612,965,523.0217,767,574,788.6217,315,082,294.2623,085,527,945.0327,915,659,218.87
Value Growth, YoY (%)38.474.224.332.07-17.70-2.5416.8615.94-4.54-2.5433.3220.92

The value of merchandise exports from Latvia totalled $ 22 billion in 2022. Merchandise exports from Latvia increased by 15.4% compared to 2021. Goods exports grew up by $ 3.01 billion in 2022 (the value of merchandise exports from Latvia amounted to $19.4 billion in 2021)

Latvia's exports 2022 by country

Top export destinations of commodities from Latvia in 2022:

  • Lithuania with a share of 18.2% (4.1 billion US$)
  • Estonia with a share of 11.8% (2.66 billion US$)
  • Germany with a share of 6.7% (1.5 billion US$)
  • Russia with a share of 5.59% (1.25 billion US$)
  • Sweden with a share of 5.57% (1.25 billion US$)
  • United Kingdom with a share of 5.28% (1.18 billion US$)
  • Finland with a share of 4.74% (1.06 billion US$)
  • Denmark with a share of 3.95% (887 million US$)
  • Netherlands with a share of 3.77% (848 million US$)
  • Poland with a share of 3.65% (821 million US$)

Exports structure from Latvia in 2022 represented by the following main commodity groups:

  • 17.1% (3.85 billion US$): 44 - Wood and articles of wood; wood charcoal
  • 12.4% (2.8 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9% (2.02 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 5.24% (1.17 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.62% (1.04 billion US$): 10 - Cereals
  • 4.05% (911 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.17% (712 million US$): 73 - Articles of iron or steel
  • 3.02% (680 million US$): 22 - Beverages, spirits and vinegar
  • 2.99% (674 million US$): 30 - Pharmaceutical products
  • 2.48% (559 million US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings

What did Latvia export in 2022?

Latvia's Top Exports in 2022:

  • 5.67% ($1.27 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 5.64% ($1.26 billion): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 4.18% ($941 million): 1001 - Wheat and meslin.
  • 3.58% ($805 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 3.15% ($710 million): 2716 - Electrical energy. (optional heading)
  • 3.07% ($690 million): 4401 - Fuel wood, in logs, in billets, in twigs, in faggots or in similar forms; wood in chips or particles; sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms
  • 2.61% ($588 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.04% ($460 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 1.71% ($386 million): 4403 - Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared

The value of merchandise imports to Latvia totalled $ 27 billion in 2022. Merchandise imports to Latvia increased by 20% compared to 2021. Goods imports grew up by $ 4.83 billion in 2022 (the value of merchandise imports to Latvia was equal to $23 billion in 2021)

Latvia's imports 2022 by country

Top trading partners (import sources) of Latvia in 2022:

  • Lithuania with a share of 24% (6.78 billion US$)
  • Estonia with a share of 10.1% (2.83 billion US$)
  • Germany with a share of 9.52% (2.65 billion US$)
  • Poland with a share of 9.4% (2.62 billion US$)
  • Russia with a share of 6.9% (1.92 billion US$)
  • Netherlands with a share of 3.9% (1.08 billion US$)
  • China with a share of 3.74% (1.04 billion US$)
  • Finland with a share of 3.44% (960 million US$)
  • Italy with a share of 2.84% (794 million US$)
  • Sweden with a share of 2.64% (739 million US$)

Imports structure to Latvia in 2022 represented by the following main commodity groups:

  • 20% (5.73 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9.39% (2.62 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 7.84% (2.18 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.73% (1.87 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.7% (1.03 billion US$): 39 - Plastics and articles thereof
  • 3.4% (951 million US$): 44 - Wood and articles of wood; wood charcoal
  • 3.34% (934 million US$): 30 - Pharmaceutical products
  • 2.93% (819 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 2.79% (779 million US$): 72 - Iron and steel
  • 2.39% (668 million US$): 22 - Beverages, spirits and vinegar

What did Latvia import in 2022?

Latvia's Top Imports in 2022:

  • 9.53% ($2.66 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 5.7% ($1.59 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 4.83% ($1.34 billion): 2716 - Electrical energy. (optional heading)
  • 2.81% ($784 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 2.66% ($743 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.53% ($708 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.5% ($699 million): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles
  • 1.43% ($399 million): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.2% ($335 million): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05

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Latvia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022