Annual International Trade Statistics by Country (HS02)
Publication date: 2021-04-05
Reporting period: 2002 - 2020
Timeseries: 177 million
Source:UN Comtrade
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Latvia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020

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Commodity Reporter Partner Trade flow Indicator 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
TOTAL. ALL COMMODITIES Latvia World Exports Value (US$) 7 171 469 774.00 8 850 801 231.00 11 988 196 196.00 12 685 521 524.00 13 324 704 654.00 13 602 815 460.00 11 493 171 324.00 11 607 295 065.00 13 189 947 231.00 15 064 999 864.00 14 447 101 696.00 15 070 761 991.00
Value Growth, YoY (%) -22.727 23.416 35.447 5.816 5.038 2.087 -15.508 0.992 13.634 14.215 -4.101 4.316
Imports Value (US$) 9 336 920 239.00 11 143 287 701.00 15 430 778 744.00 16 082 387 658.00 16 778 948 555.00 16 798 358 933.00 13 854 046 916.00 13 736 506 776.00 16 053 149 440.00 18 612 965 523.00 17 767 574 788.00 17 200 863 605.00
Value Growth, YoY (%) -40.812 19.346 38.475 4.222 4.331 0.115 -17.527 -0.848 16.864 15.945 -4.541 -3.189

The value of merchandise exports from Latvia totalled $ 15 billion in 2020. Merchandise exports from Latvia increased by 4.31% compared to 2019. Goods exports grew up by $ 623 million in 2020 (the value of merchandise exports from Latvia amounted to $14.4 billion in 2019)

Latvia's exports 2020 by country

Top export destinations of commodities from Latvia in 2020:

  • Lithuania with a share of 16.4% (2.47 billion US$)
  • Estonia with a share of 11.7% (1.77 billion US$)
  • Russia with a share of 8.48% (1.27 billion US$)
  • Germany with a share of 7.23% (1.09 billion US$)
  • Sweden with a share of 5.76% (868 million US$)
  • United Kingdom with a share of 5.68% (856 million US$)
  • Denmark with a share of 4.61% (695 million US$)
  • Poland with a share of 3.68% (555 million US$)
  • Netherlands with a share of 3.07% (463 million US$)
  • Finland with a share of 2.67% (403 million US$)

Exports structure from Latvia in 2020 represented by the following main commodity groups:

  • 16.4% (2.48 billion US$): 44 - Wood and articles of wood; wood charcoal
  • 11.8% (1.78 billion US$): 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
  • 6.11% (922 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.83% (729 million US$): 10 - Cereals
  • 4.34% (654 million US$): 22 - Beverages, spirits and vinegar
  • 4.27% (644 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.56% (537 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 3.34% (503 million US$): 73 - Articles of iron or steel
  • 3.14% (473 million US$): 30 - Pharmaceutical products
  • 3.13% (472 million US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings

What did Latvia export in 2020?

Latvia's Top Exports in 2020:

  • 6.02% ($908 million): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.
  • 4.9% ($738 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm.
  • 4.22% ($636 million): 1001 - Wheat and meslin.
  • 3.34% ($504 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.
  • 3.08% ($465 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages.
  • 2.93% ($442 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.
  • 1.71% ($257 million): 4412 - Plywood, veneered panels and similar laminated wood.
  • 1.54% ($232 million): 2703 - Peat (including peat litter), whether or not agglomerated.
  • 1.53% ($231 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.

The value of merchandise imports to Latvia totalled $ 17.2 billion in 2020. Overall commodity imports to Latvia decreased by 3.18% compared to 2019. Merchandise imports decreased by $ 566 million (the value of merchandise imports to Latvia was equal to $17.7 billion in 2019)

Latvia's imports 2020 by country

Top trading partners (import sources) of Latvia in 2020:

  • Lithuania with a share of 17.9% (3.08 billion US$)
  • Germany with a share of 10.3% (1.77 billion US$)
  • Poland with a share of 10.1% (1.74 billion US$)
  • Estonia with a share of 8.4% (1.44 billion US$)
  • Russia with a share of 6.19% (1.06 billion US$)
  • Netherlands with a share of 4.25% (731 million US$)
  • China with a share of 4.22% (727 million US$)
  • Finland with a share of 3.9% (670 million US$)
  • Italy with a share of 3.42% (588 million US$)
  • Sweden with a share of 3.38% (582 million US$)

Imports structure to Latvia in 2020 represented by the following main commodity groups:

  • 11.6% (1.99 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.84% (1.52 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.83% (1.17 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 6.26% (1.07 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.31% (741 million US$): 39 - Plastics and articles thereof
  • 4.18% (719 million US$): 30 - Pharmaceutical products
  • 4.01% (690 million US$): 22 - Beverages, spirits and vinegar
  • 3.87% (667 million US$): 44 - Wood and articles of wood; wood charcoal
  • 3.38% (581 million US$): 72 - Iron and steel
  • 2.5% (430 million US$): 73 - Articles of iron or steel

What did Latvia import in 2020?

Latvia's Top Imports in 2020:

  • 4.4% ($758 million): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.
  • 3.87% ($666 million): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
  • 3.56% ($612 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.
  • 2.88% ($495 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.
  • 2.1% ($362 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages.
  • 2.01% ($346 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.
  • 1.63% ($281 million): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
  • 1.29% ($222 million): 8528 - Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; video monitors and video projectors.
  • 1.27% ($219 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 (%) | 2009 - 2020