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Latvia export Statistics

Latvia Export Data

The Republic of Latvia is another name for Latvia. The nation is located in northern Europe's Baltic region. Latvia is bordered by several nations, including Belarus, Estonia, Lithuania, and Russia. By land area, Latvia is the 25th largest country in Europe. With its around 64,589 km^2 of land area, Latvia has gained the 125th spot in the world rankings for area. According to Latvia's export statistics, the country exported goods worth $28.85 billion in 2022. Latvia's exports of goods rose by 15.7% in 2022 over 2021. With a strong and resilient economy, Latvia has emerged as a key player in the global trade market. In recent years, the country has experienced significant growth in its export sector, contributing to its overall economic development. The availability of reliable and accurate Latvia export data has played a crucial role in understanding and analyzing the export trends, identifying potential opportunities, and making informed business decisions. Let us delve into the significance of Latvia's export data and explore the key findings that can benefit businesses and policymakers alike.

Latvia Export Data | Latvia Trade Data

76

The country has been ranked 76th in global exports, showing a significant position in the international trade landscape.

0.1%

With a mere 0.1% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

LITHUANIA

Lithuania holds a significant role as the largest export partner of the country in terms of goods exports.

WOOD SAWED OR CHIPPED

Wood, sawed or chipped is the major and biggest export commodity of the country, playing a vital role in its economy.

Please select a country or provide either a description or HS Code.
export

Top 10 Exports of Latvia

Latvia's top 10 exports showcase the diversity and competitiveness of its economy. Among its leading export commodities are wood and wood products, machinery and mechanical appliances, electrical equipment, mineral fuels, and textiles. Latvia’s top 10 exports in 2022 according to its export data are:

  • Wood sawed or chipped lengthwise: 5.7% ($1.28 billion)
  • Petroleum gases and other gaseous hydrocarbons: 5.64% ($1.27 billion)
  • Cereals: 4.65% (1.04 billion US$)
  • Wheat and meslin: 4.22% ($951 million)
  • Electrical apparatus: 3.59% ($809 million)
  • Electrical energy: 3.15% ($710 million)
  • Fuel wood: 3.13% ($705 million)
  • Medicaments: 2.7% ($609 million)
  • Petroleum oils and oils from bituminous minerals: 2.06% ($464 million)
  • Wood in the rough: 1.74% ($392 million)
    • Partners

    Top 10 Export Partners of Latvia

    Additionally, when it comes to export partners, Latvia has established strong economic ties with various countries. The top 10 export partners of Latvia not only reflect Latvia's geographic proximity to its Baltic neighbors but also highlight its ability to engage with major European economies. The top 10 export partners of Latvia in 2022 include:

    Value In Percentage(%)

  • Lithuania: 18.2% (4.1 billion US$)
  • Estonia: 11.7% (2.65 billion US$)
  • Germany: 6.69% (1.5 billion US$)
  • Russia: 5.59% (1.26 billion US$)
  • Sweden: 5.57% (1.25 billion US$)
  • United Kingdom: 5.28% (1.19 billion US$)
  • Finland: 4.73% (1.06 billion US$)
  • Denmark: 3.96% (892 million US$)
  • Netherlands: 3.75% (845 million US$)
  • Poland: 3.64% (821 million US$)
    • Sample Data

    Understanding Latvia Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    So, as you can see in this statistical report, we also include the number of goods needed to be imported/exported, HS codes, the description of each HS code, and the quantity and price of each product from the country's shipment data. In this comprehensive statistical database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. Latvia export data provides comprehensive information about the country's export activities, including the type of goods and services exported, their respective quantities, values, destinations, and origins. This data is generated and compiled by various government agencies, trade associations, and international organizations, ensuring its accuracy and reliability. By analyzing this data, businesses can gain valuable insights into the country's export dynamics, identify emerging trends, and make strategic decisions to enhance their global competitiveness. According to Latvia's customs data for exports, Latvia exported goods worth $22 billion in 2022, with an increase of 15.7% from the previous year. A range of fields are included in Latvia export data and Latvia trade data, including HS codes, descriptions of HS codes, and product descriptions with the quantity, units, and price of each product being shipped. These fields can be found in both Latvia export data and Latvia trade data. For traders and marketers, this statistical export data is crucial information that helps them make informed decisions.

    Benefits

    Benefits of Latvia’s Export Data

  • Produce leads through the export market in Latvia.
  • Determine Latvia's product demand.
  • Monitor your rivals' shipments.
  • Create a compelling marketing plan using data.
  • Speak with the real Latvian sellers.
  • Find profitable opportunities in Latvia's export sector.

    • Frequently Asked Questions!!

    As of 2022, Latvia's main export product is sawed or chipped wood, which accounts for over 5.7% of the country's total exports.

    The top destinations for Latvia's exports include Germany, Lithuania, Estonia, Russia, and Sweden.

    In 2022, Latvia's total exports amounted to $22 billion.

    Latvia's exports saw a growth rate of 15.7% in 2022, compared to the previous year.

    Apart from machinery and mechanical appliances, Latvia's other major export products include wood and wood products, food and beverages, and mineral fuels.

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