Exports in Latvia increased to 1642.10 EUR Million in January from 1451.39 EUR Million in December of 2024. This dataset provides - Latvia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Latvia increased to 1882.10 EUR Million in January from 1832.67 EUR Million in December of 2024. This dataset provides - Latvia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for Latvia (LVAXTEXVA01CXMLSAM) from Jan 1999 to Dec 2024 about Latvia, exports, and trade.

Key information about Latvia's Trade Balance

• Latvia's Trade Balance recorded a deficit of 248.6 USD mn in Jan 2025, compared with a deficit of 399.3 USD mn in the previous month
• Latvia's Trade Balance data is updated monthly, available from Jan 1995 to Jan 2025, with an averaged value of -210.9 USD mn
• The data reached an all-time high of 72.7 USD mn in Jan 2024 and a record low of -763.2 USD mn in Jul 2007

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. The Central Statistical Bureau of Latvia provides Total Exports and Total Imports in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Latvia's Trade Balance

• In the latest reports, Latvia's Total Exports reached 1.7 USD bn in Jan 2025, a decrease of 16.8% YoY (year-on-year)
• Total Imports recorded 1.9 USD bn in Jan 2025, an increase of 16.8% YoY (year-on-year)

Latvia - International trade: Exports was EUR18992.70 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - International trade: Exports - last updated from the EUROSTAT on March of 2025. Historically, Latvia - International trade: Exports reached a record high of EUR22954.80 Million in December of 2022 and a record low of EUR7190.50 Million in December of 2010.

This statistic provides a breakdown of textiles and leather exported from Latvia in 2018, by country. Estonia ranked as the leading export partner, accounting for 12.7 percent of total Latvian textile and leather exports.

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

The statistic shows Latvia's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Latvia's trade deficit amounted to around 4.66 billion U.S. dollars.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Latvia LV: GDP: % of GDP: Trade data was reported at 122.262 % in 2017. This records an increase from the previous number of 119.187 % for 2016. Latvia LV: GDP: % of GDP: Trade data is updated yearly, averaging 93.713 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 127.066 % in 2012 and a record low of 73.877 % in 1995. Latvia LV: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Latvia – Table LV.World Bank: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Close to a third of used cars imported to Latvia in 2022 originated from Germany. The second and third most common countries of origin for used car imports to Latvia were Lithuania and France, which accounted for around 16 percent and 13 percent of imports respectively.

16314 Chile exporters importers export import shipment records of to Latvia with prices, volume & current Buyer's suppliers relationships based on actual Chile export trade database.

2515 Global import shipment records of Coffee with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Key information about Latvia Total Exports

• Latvia Total Exports dropped 4.5 % YoY in Dec 2024, compared with a decrease of 3.0 % YoY in the previous month
• Latvia Total Exports Growth data is updated monthly, available from Jan 1996 to Dec 2024, with an averaged rate of 11.4 %
• The data reached an all-time high of 55.0 % in Jan 2011 and a record low of -29.3 % in Apr 2009

CEIC calculates Total Exports Growth from monthly Total Exports. The Central Statistical Bureau of Latvia provides Total Exports, FOB, in EUR.


Further information about Latvia Total Exports

• In the latest reports, Latvia Total Exports recorded 1.5 USD bn in Dec 2024
• Total Imports recorded 1.9 USD bn in Dec 2024, which registered a decrease of 2.5 % year on year
• Latvia Trade Balance recorded a deficit of 399.3 USD mn in Dec 2024

Key information about Latvia Total Exports

• Latvia Total Exports recorded 1.7 USD bn in Jan 2025, compared with 1.5 USD bn in the previous month
• Latvia Total Exports data is updated monthly, available from Jan 1995 to Jan 2025, with an averaged value of 785.2 USD mn
• The data reached an all-time high of 2.1 USD bn in Sep 2022 and a record low of 88.4 USD mn in Jan 1995

CEIC converts monthly Total Exports into USD. The Central Statistical Bureau of Latvia provides Total Exports, FOB, in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.


Further information about Latvia Total Exports

• In the latest reports, Latvia Total Exports dropped 2.1 % YoY in Jan 2025
• Total Imports recorded 1.9 USD bn in Jan 2025, which registered an increase of 16.8 % year on year
• Latvia Trade Balance recorded a deficit of 399.3 USD mn in Dec 2024

Latvia Exports to United States was US$574.81 Million during 2024, according to the United Nations COMTRADE database on international trade. Latvia Exports to United States - data, historical chart and statistics - was last updated on March of 2025.

111 Global import shipment records of Tariff Of with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Graph and download economic data for Openness at Current Prices for Latvia (OPENCPLVA156NUPN) from 1993 to 2010 about Latvia, imports, exports, and trade.

1741 Global import shipment records of Riga with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Real exports of Latvia decreased by 4.70% from 20,671,971,187 LCU in 2022 to 19,700,752,821 LCU in 2023. Since the 9.09% jump in 2021, real exports leapt by 6.19% in 2023. Exports of goods and services consist of sales, barter, or gifts or grants, of goods and services from residents to non-residents. The treatment of exports and imports in the SNA is generally identical with that in the balance of payments accounts as described in the Balance of Payments Manual.