Annual International Trade Statistics by Country (HS)
Publication date: 2022-11-14
Reporting period: 2002 - 2021
Timeseries: 194 million
Source:TrendEconomy
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Latvia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2010 - 2021

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TOTAL. ALL COMMODITIESLatviaWorldExportsValue (US$)8,850,801,231.0011,988,196,196.0012,685,521,524.0013,324,704,654.0013,602,815,460.0011,493,171,324.0011,607,295,065.0013,189,947,231.0015,064,999,864.0014,447,101,696.0015,196,527,243.7719,458,821,916.27
Value Growth, YoY (%)23.4135.445.815.032.08-15.500.9913.6314.21-4.105.1828.04
ImportsValue (US$)11,143,287,701.0015,430,778,744.0016,082,387,658.0016,778,948,555.0016,798,358,933.0013,854,046,916.0013,736,506,776.0016,053,149,440.0018,612,965,523.0017,767,574,788.0017,315,082,294.2623,085,527,945.03
Value Growth, YoY (%)19.3438.474.224.330.11-17.52-0.8416.8615.94-4.54-2.5433.32

The value of merchandise exports from Latvia totalled $ 19.4 billion in 2021. Merchandise exports from Latvia increased by 28% compared to 2020. Goods exports grew up by $ 4.26 billion in 2021 (the value of merchandise exports from Latvia amounted to $15.1 billion in 2020)

Latvia's exports 2021 by country

Top export destinations of commodities from Latvia in 2021:

  • Lithuania with a share of 17.7% (3.45 billion US$)
  • Estonia with a share of 10.6% (2.06 billion US$)
  • United Kingdom with a share of 7.66% (1.49 billion US$)
  • Germany with a share of 7.27% (1.41 billion US$)
  • Russia with a share of 7.27% (1.41 billion US$)
  • Sweden with a share of 5.5% (1.07 billion US$)
  • Denmark with a share of 4.32% (840 million US$)
  • Poland with a share of 4.19% (815 million US$)
  • Netherlands with a share of 3.26% (634 million US$)
  • Finland with a share of 2.53% (493 million US$)

Exports structure from Latvia in 2021 represented by the following main commodity groups:

  • 19.1% (3.71 billion US$): 44 - Wood and articles of wood; wood charcoal
  • 10.4% (2.02 billion US$): 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
  • 5.89% (1.14 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 5.89% (1.14 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.65% (905 million US$): 72 - Iron and steel
  • 4.29% (835 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.68% (718 million US$): 10 - Cereals
  • 3.44% (669 million US$): 30 - Pharmaceutical products
  • 3.36% (655 million US$): 73 - Articles of iron or steel
  • 3.34% (650 million US$): 22 - Beverages, spirits and vinegar

What did Latvia export in 2021?

Latvia's Top Exports in 2021:

  • 7.5% ($1.45 billion): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 4.42% ($860 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
  • 3.21% ($626 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
  • 3.14% ($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
  • 3.11% ($606 million): 1001 - Wheat and meslin.
  • 2.28% ($444 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages
  • 1.73% ($337 million): 4410 - Particle board and similar board (for example, oriented strand board and waferboard) of wood or other ligneous materials, whether or not agglomerated with resins or other organic binding substances
  • 1.66% ($323 million): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 1.57% ($306 million): 4412 - Plywood, veneered panels and similar laminated wood

The value of merchandise imports to Latvia totalled $ 23 billion in 2021. Merchandise imports to Latvia increased by 33% compared to 2020. Goods imports grew up by $ 5.77 billion in 2021 (the value of merchandise imports to Latvia was equal to $17.3 billion in 2020)

Latvia's imports 2021 by country

Top trading partners (import sources) of Latvia in 2021:

  • Lithuania with a share of 17.2% (3.97 billion US$)
  • Germany with a share of 10.5% (2.43 billion US$)
  • Poland with a share of 9.59% (2.21 billion US$)
  • Russia with a share of 9.07% (2.09 billion US$)
  • Estonia with a share of 8.86% (2.04 billion US$)
  • China with a share of 4.4% (1.01 billion US$)
  • Netherlands with a share of 4.04% (934 million US$)
  • Finland with a share of 3.7% (855 million US$)
  • Italy with a share of 3.11% (719 million US$)
  • Canada with a share of 3.06% (707 million US$)

Imports structure to Latvia in 2021 represented by the following main commodity groups:

  • 10.7% (2.47 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 9.44% (2.18 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 9.29% (2.14 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.99% (1.61 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 4.8% (1.11 billion US$): 72 - Iron and steel
  • 4.79% (1.1 billion US$): 44 - Wood and articles of wood; wood charcoal
  • 4.39% (1.01 billion US$): 39 - Plastics and articles thereof
  • 4.02% (928 million US$): 30 - Pharmaceutical products
  • 3.41% (788 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 2.58% (597 million US$): 22 - Beverages, spirits and vinegar

What did Latvia import in 2021?

Latvia's Top Imports in 2021:

  • 4.1% ($947 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
  • 3.25% ($751 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
  • 3.16% ($730 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
  • 3.05% ($706 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
  • 3.05% ($706 million): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles
  • 2.63% ($609 million): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 2.2% ($510 million): 2716 - Electrical energy. (optional heading)
  • 1.98% ($458 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 1.86% ($429 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

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Latvia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2010 - 2021