Latvia (LVA)

Annual exports and imports in 2024 (USD).

Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.

Exports

$19.74B

Imports

$22.73B

Total trade

$42.47B

Trade balance

-$2.99B

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Latvia - trade dependency by partner, 2024 (USD)

Share of exports, imports, and total trade attributed to each partner.

Year: 2024 | Unit: USD | Snapshot: 20251222 | Source: UN Comtrade

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Showing top 10 partners by total dependency.

Rank #1

Lithuania (LTU)

Total

19.4%

Exports

18.0%

$3.56B

Imports

20.7%

$4.70B

Total

19.4%

$8.25B

Rank #2

Estonia (EST)

Total

10.0%

Exports

11.7%

$2.31B

Imports

8.6%

$1.96B

Total

10.0%

$4.27B

Rank #3

Germany (DEU)

Total

9.2%

Exports

6.5%

$1.28B

Imports

11.7%

$2.65B

Total

9.2%

$3.93B

Rank #4

Poland (POL)

Total

8.1%

Exports

4.6%

$899.79M

Imports

11.3%

$2.56B

Total

8.1%

$3.46B

Rank #5

Finland (FIN)

Total

4.4%

Exports

3.0%

$583.29M

Imports

5.6%

$1.27B

Total

4.4%

$1.85B

Rank #6

Sweden (SWE)

Total

4.3%

Exports

5.5%

$1.09B

Imports

3.3%

$745.73M

Total

4.3%

$1.84B

Rank #7

Netherlands (NLD)

Total

4.1%

Exports

3.2%

$638.11M

Imports

4.8%

$1.09B

Total

4.1%

$1.72B

Rank #8

Russian Federation (RUS)

Total

3.5%

Exports

5.5%

$1.09B

Imports

1.8%

$414.49M

Total

3.5%

$1.50B

Rank #9

Denmark (DNK)

Total

3.0%

Exports

4.3%

$840.39M

Imports

2.0%

$448.59M

Total

3.0%

$1.29B

Rank #10

United Kingdom (GBR)

Total

2.9%

Exports

5.3%

$1.04B

Imports

0.8%

$192.85M

Total

2.9%

$1.24B

Rank	Partner	Export dependency	Import dependency	Total dependency
1	Lithuania (LTU)	18.0% $3.56B	20.7% $4.70B	19.4% $8.25B
2	Estonia (EST)	11.7% $2.31B	8.6% $1.96B	10.0% $4.27B
3	Germany (DEU)	6.5% $1.28B	11.7% $2.65B	9.2% $3.93B
4	Poland (POL)	4.6% $899.79M	11.3% $2.56B	8.1% $3.46B
5	Finland (FIN)	3.0% $583.29M	5.6% $1.27B	4.4% $1.85B
6	Sweden (SWE)	5.5% $1.09B	3.3% $745.73M	4.3% $1.84B
7	Netherlands (NLD)	3.2% $638.11M	4.8% $1.09B	4.1% $1.72B
8	Russian Federation (RUS)	5.5% $1.09B	1.8% $414.49M	3.5% $1.50B
9	Denmark (DNK)	4.3% $840.39M	2.0% $448.59M	3.0% $1.29B
10	United Kingdom (GBR)	5.3% $1.04B	0.8% $192.85M	2.9% $1.24B

Generated by TradeVedia.comSource: UN Comtrade

Latvia's total trade in 2024 amounted to $42.5B, with exports of $19.7B and imports of $22.7B, leading to a trade balance of -$3.0B.
The country ranked 68th in total trade, 68th in exports, and 67th in imports globally.
Latvia's top export destination was Lithuania, which received goods valued at $3.6B, representing 18.0% of total exports.
The primary source of imports was also Lithuania, accounting for $4.7B or 20.7% of total import value.
The top export product category was Wood and articles of wood; wood charcoal (HS2 44), with exports valued at $3.1B (15.8% share).
Mineral fuels and oils (HS2 27) was the most imported product category, with a total value of $2.5B.

Exports Profile

In 2024, Latvia exported a total of $19.7B. The country's primary export partners were its neighbors, with Lithuania receiving $3.6B (18.0% share) and Estonia receiving $2.3B (11.7% share) of exports. The most significant product category for exports was Wood and articles of wood; wood charcoal (HS2 44), contributing $3.1B to the total. Following that, Electrical machinery and equipment (HS2 85) accounted for $2.0B in export value.

Imports Profile

Latvia's imports in 2024 totaled $22.7B. The main import partners were Lithuania ($4.7B, 20.7% share), Germany ($2.6B, 11.7% share), and Poland ($2.6B, 11.3% share). The top imported product category was Mineral fuels, mineral oils and products of their distillation (HS2 27), with an import value of $2.5B. Vehicles and their parts (HS2 87) also represented a significant import category at $1.9B.

Exports

Latvia - exports over time (Exports), 2015-2024 (USD)

Annual reported export values across available years.

Flow: Exports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top export categories

Largest HS2 categories by export value in the selected year.

#1 • HS 44

Wood and articles of wood; wood charcoal

$3.12B

15.8% share

#2 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$1.95B

9.9% share

#3 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$1.38B

7.0% share

#4 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$968.71M

4.9% share

#5 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$968.00M

4.9% share

#6 • HS 22

Beverages, spirits and vinegar

$825.88M

4.2% share

#7 • HS 10

Cereals

$719.72M

3.6% share

#8 • HS 99

Commodities not specified according to kind

$673.47M

3.4% share

#9 • HS 30

Pharmaceutical products

$670.84M

3.4% share

#10 • HS 73

Iron or steel articles

$556.21M

2.8% share

#11 • HS 04

Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included

$536.28M

2.7% share

#12 • HS 39

Plastics and articles thereof

$438.58M

2.2% share

#13 • HS 90

Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories

$426.85M

2.2% share

#14 • HS 94

Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.c.; illuminated signs, illuminated name-plates and the like; prefabricated buildings

$408.37M

2.1% share

#15 • HS 38

Chemical products n.e.c.

$350.12M

1.8% share

Rank	Category	Value	Share
1	Wood and articles of wood; wood charcoal	$3.12B	15.8%
2	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$1.95B	9.9%
3	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$1.38B	7.0%
4	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$968.71M	4.9%
5	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$968.00M	4.9%
6	Beverages, spirits and vinegar	$825.88M	4.2%
7	Cereals	$719.72M	3.6%
8	Commodities not specified according to kind	$673.47M	3.4%
9	Pharmaceutical products	$670.84M	3.4%
10	Iron or steel articles	$556.21M	2.8%
11	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	$536.28M	2.7%
12	Plastics and articles thereof	$438.58M	2.2%
13	Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories	$426.85M	2.2%
14	Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.c.; illuminated signs, illuminated name-plates and the like; prefabricated buildings	$408.37M	2.1%
15	Chemical products n.e.c.	$350.12M	1.8%

Labels hide HS codes by default — hover a category to reveal the code.

Latvia - export composition by product categories (Exports), 2024 (USD)

Largest product categories by export value in the selected year.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Latvia - export composition by 4-digit product groups (Exports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Imports

Latvia - imports over time (Imports), 2015-2024 (USD)

Annual reported import values across available years.

Flow: Imports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top import categories

Largest HS2 categories by import value in the selected year.

#1 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$2.51B

11.0% share

#2 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$2.28B

10.0% share

#3 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$1.91B

8.4% share

#4 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$1.71B

7.5% share

#5 • HS 99

Commodities not specified according to kind

$1.39B

6.1% share

#6 • HS 30

Pharmaceutical products

$990.21M

4.4% share

#7 • HS 22

Beverages, spirits and vinegar

$773.69M

3.4% share

#8 • HS 39

Plastics and articles thereof

$757.38M

3.3% share

#9 • HS 44

Wood and articles of wood; wood charcoal

$522.11M

2.3% share

#10 • HS 72

Iron and steel

$497.28M

2.2% share

#11 • HS 73

Iron or steel articles

$443.45M

2.0% share

#12 • HS 90

Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories

$402.42M

1.8% share

#13 • HS 04

Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included

$366.58M

1.6% share

#14 • HS 38

Chemical products n.e.c.

$350.71M

1.5% share

#15 • HS 23

Food industries, residues and wastes thereof; prepared animal fodder

$343.18M

1.5% share

Rank	Category	Value	Share
1	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$2.51B	11.0%
2	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$2.28B	10.0%
3	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$1.91B	8.4%
4	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$1.71B	7.5%
5	Commodities not specified according to kind	$1.39B	6.1%
6	Pharmaceutical products	$990.21M	4.4%
7	Beverages, spirits and vinegar	$773.69M	3.4%
8	Plastics and articles thereof	$757.38M	3.3%
9	Wood and articles of wood; wood charcoal	$522.11M	2.3%
10	Iron and steel	$497.28M	2.2%
11	Iron or steel articles	$443.45M	2.0%
12	Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories	$402.42M	1.8%
13	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	$366.58M	1.6%
14	Chemical products n.e.c.	$350.71M	1.5%
15	Food industries, residues and wastes thereof; prepared animal fodder	$343.18M	1.5%

Labels hide HS codes by default — hover a category to reveal the code.

Latvia - import composition by product categories (Imports), 2024 (USD)

Largest product categories by import value in the selected year.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Latvia - import composition by 4-digit product groups (Imports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade