Trade Profiles
2021 Trade in commercial services
Transport
Travel Other commercial services
Industrial property
Merchandise trade Agricultural products Nonagricultural products
Latvia
Latvia
GDP (million current US$, 2020) GDP per capita (US$, 2018-2020) Current account balance (% GDP, 2020) Trade per capita (US$, 2018-2020) Trade (% GDP, 2018-2020)
33 478 17 700 3.0 10 735 60.6
Rank in world trade, 2020 Merchandise excluding intra-EU trade Commercial services excluding intra-EU trade
Exports
74 69 -
Imports
72 92 -
MERCHANDISE TRADE Value
Million US$ Merchandise exports, f.o.b. Merchandise imports, c.i.f.
Annual percentage change
2020 16 201 18 363 2020 0.09
Share in world total exports (%)
2010-2020 5 5
2019 -3 -4
2020 3 -3 2020 0.10
Share in world total imports (%)
Breakdown in economy's total exports
Breakdown in economy's total imports
By main commodity group, % (2019)
By main commodity group, % (2019)
Agricultural products: 33.2
Fuels and mining products: 6.2
Agricultural products: 20.6
Fuels and mining products: 9.8
Manufactures: 60.4
Other: 0.2
Manufactures: 69.4
Other: 0.2
By main destination, % (2020)
By main origin, % (2020)
European Union: 65.9 United Kingdom: 5.7 United States of America: 1.8
Russian Federation: 8.5 Norway: 2 Other: 16.1
European Union: 75.9 China: 4.2 Belarus: 2
Russian Federation: 6.1 United Kingdom: 2.5 Other: 9.3
Agricultural Products Value
Top exported products (Million US$) HS1001 HS2208 HS1205 HS0401 HS0406
2020 . 645 474 220 135 107
Wheat and meslin Alcohol of less than 80% volume Rape or colza seeds Milk and cream, not concentrated Cheese and curd
Value
Top imported products (Million US$) HS2208 HS1001 HS2204 HS2309 HS2106
2020
Alcohol of less than 80% volume Wheat and meslin Wine of fresh grapes Preparations of a kind used in animal feeding Other food preparations
373 159 145 105 78
Share in economy's trade in agricultural products Exports 0%
20%
Imports 40%
0%
HS1001
HS2208
HS2208
HS1001
HS1205
HS2204
HS0401
HS2309
HS0406
HS2106
5%
10%
15%
Million US$ Exports Imports
Value
2020 3 101 3 069
Annual percentage change
2010-2020 8 7
2019 10 1
2020 10 8
Non-Agricultural Products Value
Top exported products (Million US$) HS8525 HS4407 HS4401 HS3004 HS4412
Radio-telephony transmission tools Wood sawn or chipped lengthwise Fuel wood, in logs, in billets Medicaments in measured doses Plywood, veneered panels
2020
Top imported products (Million US$)
919 776 544 463 264
HS8525 HS2710 HS3004 HS8703 HS8471
Value 2020
Radio-telephony transmission tools Petroleum oils, other than crude Medicaments in measured doses Motor cars for transport of persons Automatic data-processing machines
769 673 631 566 358
Share in economy's trade in non-agricultural products Exports 0%
204
5%
Imports 10%
0%
HS8525
HS8525
HS4407
HS2710
HS4401
HS3004
HS3004
HS8703
HS4412
HS8471
2%
4%
6%
Million US$ Exports Imports
Value
2020 11 930 13 997
Annual percentage change
2010-2020 5 5
2019 -7 -6
2020 4 -5
World Trade Organization – Trade Profiles 2021
Latvia TRADE IN COMMERCIAL SERVICES Value
Million US$ Commercial services exports Commercial services imports
Annual percentage change
2020
2010-2020
4 989 2 940 2020 0.10
Share in world total exports (%) Breakdown in economy's total exports
2019
2020
-1 -1
-20 -17
2 2
2020 0.06
Share in world total imports (%) Breakdown in economy's total imports
By main services item, % (2020)
By main services item, % (2020)
Transport: 32.1 Other commercial services: 56.5
Travel: 9.2 Goods-related services: 2.2
Transport: 28.2 Other commercial services: 59.3
By main destination, % (2020)
Travel: 10.8 Goods-related services: 1.7
By main origin, % (2020)
European Union: 66.3 United Kingdom: 5.4 Switzerland: 2.8
Russian Federation: 6.9 United States of America: 4.4 Other: 14.3
European Union: 63.4 Russian Federation: 5.2 United States of America: 2.6
Value
FATS sales Inward (million US$) Outward (million US$)
United Kingdom: 5.4 China: 3.5 Other: 19.9
Annual percentage change
2018 5 313 556
2010-2018 6 6
2017 14 -19
2018 12 18
Transport Latvia
200
World
100 0
2010
2013
2016
Value
Million US$ Exports Imports
2020 1 603 828
Exports By sea (2020) By air (2020) By other (2020)
2020
Transport exports (Index 2010=100)
2010-2020 -1 2
Value
Share (%)
264 144 1 142
16.5 9.0 71.2
Annual percentage change 2019 -5 -1
Imports By sea (2020) By air (2020) By other (2020)
2020 -33 -23
Value
Share (%)
151 220 409
18.2 26.5 49.4
Travel Latvia
200
World
Value
Million US$ Exports Imports
100 0
2010
2013
2016
2020 461 319
2010-2020 -3 -7
Annual percentage change 2019 -4 -4
2020 -55 -57
2020
Travel exports (Index 2010=100)
Other Commercial Services and Goods-related Services Million US$
Exports of OCS by main item (2020) 14.9 6.8
34.1
2020
2010-2020
Other commercial services Exports 2 817 Imports 1 743
Other business services ICTs 44.2
Value
Construction
7 6
2020
Goods-related services Exports Imports
Other
Annual percentage change
2010-2020
109 50
-2 13
2019
2020
4 1
4 6
2019
2020
16 -2
18 -21
INDUSTRIAL PROPERTY Patent applications, 2019 Residents
82
Trademark applications, 2019
Non-residents
5
Total
87
World Trade Organization – Trade Profiles 2021
Residents
1 092
Non-residents
1 497
Industrial design applications, 2019 Total
2 589
Residents
59
Non-residents
32
Total
91
205