Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
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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2022
TOTAL. ALL COMMODITIESLatviaWorldExportsValue (US$)11,988,196,196.0012,685,521,524.0013,324,704,654.0013,782,781,935.3911,649,939,894.5611,607,295,065.3113,189,947,231.0415,064,999,864.0714,447,101,696.6015,196,527,243.7719,458,821,916.2722,494,202,398.60
Value Growth, YoY (%)35.445.815.033.43-15.47-0.3613.6314.21-4.105.1828.0415.59
ImportsValue (US$)15,430,778,744.0016,082,387,658.0016,778,948,555.0017,127,924,107.8114,095,807,354.8413,736,506,776.6316,053,149,440.4618,612,965,523.0217,767,574,788.6217,315,082,294.2623,085,527,945.0327,901,013,028.90
Value Growth, YoY (%)38.474.224.332.07-17.70-2.5416.8615.94-4.54-2.5433.3220.85

The value of merchandise exports from Latvia totalled $ 22 billion in 2022. Merchandise exports from Latvia increased by 15.5% compared to 2021. Goods exports grew up by $ 3.03 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% (4.09 billion US$)
  • Estonia with a share of 11.7% (2.63 billion US$)
  • Germany with a share of 6.7% (1.5 billion US$)
  • Russia with a share of 5.6% (1.26 billion US$)
  • Sweden with a share of 5.58% (1.25 billion US$)
  • United Kingdom with a share of 5.29% (1.19 billion US$)
  • Finland with a share of 4.72% (1.06 billion US$)
  • Denmark with a share of 3.95% (890 million US$)
  • Netherlands with a share of 3.75% (844 million US$)
  • Poland with a share of 3.65% (822 million US$)

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

  • 17.1% (3.86 billion US$): 44 - Wood and articles of wood; wood charcoal
  • 12.3% (2.77 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9% (2.02 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 5.23% (1.17 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.66% (1.04 billion US$): 10 - Cereals
  • 4.11% (925 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.15% (709 million US$): 73 - Articles of iron or steel
  • 3.04% (684 million US$): 22 - Beverages, spirits and vinegar
  • 3% (675 million US$): 30 - Pharmaceutical products
  • 2.49% (561 million US$): 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:

  • 5.71% ($1.28 billion): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 5.52% ($1.24 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 4.22% ($951 million): 1001 - Wheat and meslin.
  • 3.61% ($813 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): 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
  • 3.15% ($710 million): 2716 - Electrical energy. (optional heading)
  • 2.7% ($609 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
  • 2.06% ($464 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
  • 1.78% ($402 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 $ 4.81 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% (6.79 billion US$)
  • Estonia with a share of 10% (2.81 billion US$)
  • Germany with a share of 9.58% (2.67 billion US$)
  • Poland with a share of 9.42% (2.63 billion US$)
  • Russia with a share of 6.91% (1.92 billion US$)
  • Netherlands with a share of 3.96% (1.1 billion US$)
  • China with a share of 3.75% (1.04 billion US$)
  • Finland with a share of 3.43% (959 million US$)
  • Italy with a share of 2.85% (797 million US$)
  • Sweden with a share of 2.66% (744 million US$)

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

  • 20% (5.73 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9.4% (2.62 billion US$): 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
  • 7.87% (2.19 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.76% (1.88 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.67% (1.02 billion US$): 39 - Plastics and articles thereof
  • 3.38% (945 million US$): 44 - Wood and articles of wood; wood charcoal
  • 3.34% (932 million US$): 30 - Pharmaceutical products
  • 2.95% (824 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 2.78% (777 million US$): 72 - Iron and steel
  • 2.39% (669 million US$): 22 - Beverages, spirits and vinegar

What did Latvia import in 2022?

Latvia's Top Imports in 2022:

  • 9.53% ($2.65 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 5.73% ($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)
  • 2.96% ($826 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
  • 2.75% ($767 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
  • 2.56% ($716 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
  • 1.44% ($403 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
  • 1.24% ($348 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