Annual International Trade Statistics by Country (HS02)
Publication date: 2021-11-14
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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2020
TOTAL. ALL COMMODITIESLatviaWorldExportsValue (US$)7,171,469,774.008,850,801,231.0011,988,196,196.0012,685,521,524.0013,324,704,654.0013,602,815,460.0011,493,171,324.0011,607,295,065.0013,189,947,231.0015,064,999,864.0014,447,101,696.0015,196,527,243.00
Value Growth, YoY (%)-22.7223.4135.445.815.032.08-15.500.9913.6314.21-4.105.18
ImportsValue (US$)9,336,920,239.0011,143,287,701.0015,430,778,744.0016,082,387,658.0016,778,948,555.0016,798,358,933.0013,854,046,916.0013,736,506,776.0016,053,149,440.0018,612,965,523.0017,767,574,788.0017,315,082,294.00
Value Growth, YoY (%)-40.8119.3438.474.224.330.11-17.52-0.8416.8615.94-4.54-2.54

The value of merchandise exports from Latvia totalled $ 15.1 billion in 2020. Merchandise exports from Latvia increased by 5.18% compared to 2019. Goods exports grew up by $ 749 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 16.3% (2.47 billion US$)
  • Estonia with a share of 11.6% (1.77 billion US$)
  • Russia with a share of 8.5% (1.29 billion US$)
  • Germany with a share of 7.23% (1.09 billion US$)
  • United Kingdom with a share of 5.73% (870 million US$)
  • Sweden with a share of 5.7% (866 million US$)
  • Denmark with a share of 4.56% (693 million US$)
  • Poland with a share of 3.64% (554 million US$)
  • Netherlands with a share of 3.05% (463 million US$)
  • Finland with a share of 2.65% (404 million US$)

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

  • 16.4% (2.5 billion US$): 44 - Wood and articles of wood; wood charcoal
  • 12% (1.83 billion US$): 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
  • 6.39% (972 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.88% (742 million US$): 10 - Cereals
  • 4.37% (665 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 4.35% (661 million US$): 22 - Beverages, spirits and vinegar
  • 3.57% (543 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 3.4% (517 million US$): 73 - Articles of iron or steel
  • 3.3% (502 million US$): 30 - Pharmaceutical products
  • 3.13% (476 million US$): 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:

  • 6.13% ($932 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.
  • 5.13% ($780 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm.
  • 4.27% ($649 million): 1001 - Wheat and meslin.
  • 3.61% ($549 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.
  • 3.12% ($474 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages.
  • 3.08% ($469 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.
  • 1.74% ($264 million): 4412 - Plywood, veneered panels and similar laminated wood.
  • 1.69% ($257 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.
  • 1.56% ($237 million): 2703 - Peat (including peat litter), whether or not agglomerated.

The value of merchandise imports to Latvia totalled $ 17.3 billion in 2020. Overall commodity imports to Latvia decreased by 2.54% compared to 2019. Merchandise imports decreased by $ 452 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% (3.1 billion US$)
  • Germany with a share of 10.4% (1.8 billion US$)
  • Poland with a share of 10.1% (1.76 billion US$)
  • Estonia with a share of 8.53% (1.47 billion US$)
  • Russia with a share of 6.14% (1.06 billion US$)
  • Netherlands with a share of 4.29% (744 million US$)
  • China with a share of 4.18% (725 million US$)
  • Finland with a share of 3.88% (672 million US$)
  • Italy with a share of 3.45% (598 million US$)
  • Sweden with a share of 3.37% (584 million US$)

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

  • 11.8% (2.05 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 9.42% (1.63 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.94% (1.2 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 6.22% (1.07 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.29% (743 million US$): 39 - Plastics and articles thereof
  • 4.28% (741 million US$): 30 - Pharmaceutical products
  • 4.01% (696 million US$): 22 - Beverages, spirits and vinegar
  • 3.85% (668 million US$): 44 - Wood and articles of wood; wood charcoal
  • 3.34% (578 million US$): 72 - Iron and steel
  • 2.47% (429 million US$): 73 - Articles of iron or steel

What did Latvia import in 2020?

Latvia's Top Imports in 2020:

  • 4.44% ($769 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.
  • 3.88% ($672 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.
  • 3.64% ($631 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.
  • 3.29% ($570 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.
  • 2.15% ($373 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages.
  • 2.07% ($358 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.
  • 1.62% ($281 million): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
  • 1.4% ($242 million): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
  • 1.3% ($225 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.

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Latvia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020