IMPORT EXPORT
Latvia import Statistics

Latvia Import 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. Liepaja, Riga, Ventils, and Sklute are Latvia's four main ports. Based on the complexity index, the nation is ranked 34th in the world. When it came to GDP, however, the nation ranked 99th. Latvia is ranked 70th out of 226 nations in terms of total imports in 2022., According to the Latvia import data, Latvia imported goods worth a total of $27.89 billion in 2022. Latvia had 20% more merchandise imports in 2022 than in 2021. In 2022, imports of goods increased by $4.8 billion. In today's globalized economy, having access to accurate and up-to-date import data is crucial for companies looking to expand their business horizons. Specifically, Latvia's import data serves as a valuable tool for decision-makers, businesses, and entrepreneurs aiming to maximize their growth potential in 2022.

Latvia Import Data | Latvia Customs Data

70

The country has been ranked 70th in global imports, showing a significant position in the international trade landscape.

0.1%

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

LITHUANIA

Lithuania holds a significant role as the largest import partner of the country in terms of goods imports.

PETROLEUM GASES AND OTHER HYDROCARBONS

Petroleum gases and other hydrocarbons are the major and biggest import commodities of the country.

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

Top 10 imports of Latvia

Latvia, a prominent player in the global trade market, has a diverse range of imports that contribute significantly to its economic growth. The top 10 imports of Latvia encompass a wide spectrum of goods, including machinery, refined petroleum products, electric equipment, vehicles, pharmaceutical products, plastics, iron and steel, optical and photographic equipment, and rubber. The top 10 imports of Latvia in 2022 according to the import data are:

  • Petroleum gases and other gaseous hydrocarbons: 9.53% ($2.65 billion)
  • Petroleum oils and oils from bituminous minerals: 5.73% ($1.59 billion)
  • Electrical energy: 4.83% ($1.34 billion)
  • Motor cars and other motor vehicles: 2.92% ($816 million) 
  • Electrical apparatus: 2.73% ($763 million)
  • Medicaments: 2.56% ($716 million)
  • Other aircraft and spacecraft: 2.5% ($699 million)
  • Beverages, spirits, and vinegar: 2.38% (664 million US$)
  • Automatic data processing machines: 1.44% ($403 million)
  • Parts and accessories of the motor vehicles: 1.24% ($345 million)
    • Partners

    Top 10 Import Partners of Latvia

    Demonstrating its strong trade relationships, Latvia's top 10 import partners consist of countries from both within and outside the European Union. Lithuania takes the lead, followed by Estonia. Latvia’s top 10 import partners in 2022 include:

    Value In Percentage(%)

  • Lithuania: 24% (6.79 billion US$)
  • Estonia: 10% (2.81 billion US$)
  • Germany: 9.57% (2.67 billion US$)
  • Poland: 9.43% (2.63 billion US$)
  • Russia: 6.91% (1.92 billion US$)
  • Netherlands: 3.95% (1.1 billion US$)
  • China: 3.75% (1.04 billion US$)
  • Finland: 3.43% (959 million US$)
  • Italy: 2.85% (797 million US$)
  • Sweden: 2.64% (739 million US$)
    • Sample Data

    What is Latvia Import 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 import data refers to the detailed information and statistics related to the goods and services brought into the country from international sources. This data offers invaluable insights into the types of products being imported, their origin countries, quantity, value, and other essential details. It provides a comprehensive overview of trade trends within the Latvian market. According to the Latvia customs data, Latvia imported goods worth a total of $27 billion in 2022, with an increase of 20% from the previous year. The information we provide you in Latvia import data and Latvia shipment data is highly helpful and informative. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks. We obtain trustworthy data from approved ports in Latvia, organizations, and other shipping firms. Trade data from Latvia includes several fields, such as HS codes and product descriptions that contain the amount, price, and units of each sent goods.

    Benefits

    Benefits of Latvia’s Import Data

  • Latvia import data allows businesses to conduct a comprehensive market analysis.
  • Latvia's import data helps companies gain insights into their competitors' activities.
  • Locate Trusted Buyers in Latvia.
  • Obtain High-Quality Business Leads.
  • Boost Your Company's ROI.
  • Keep informed of import market trends.

    • Frequently Asked Questions!!

    Latvia imported goods worth a total of $27 billion in 2022.

    The top imports in Latvia include machinery and equipment, mineral fuels, vehicles, electrical machinery, and pharmaceutical products.

    Latvia's top import partners include Germany, Lithuania, Poland, Russia, and Estonia.

    Yes, there has been a steady increase in Latvia's imports over the years, with a noticeable jump in 2022.

    Yes, there has been a noticeable increase in imports of pharmaceutical products, as well as machinery and equipment, as Latvia continues to modernize and develop its industries.

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