Import Data

Latvia Export Data

An important export route between the European Union and Eastern Europe is Latvia, a strategically located Baltic country in Northern Europe. Its economy is mostly dependent on the export of agricultural products, equipment, and timber. The nation's capital and primary hub for industry and logistics is Riga. As per Latvia export data, with a population of over 1.8 million and a GDP of approximately USD 44 billion, Latvia is expected to have an open and trade-focused economy, with total exports of about USD 22 billion.

83

Latvia ranks around 83rd among the world’s top exporters.

0.05%

Latvia’s exports make up about 0.05% of global exports.

Lithuania

Lithuania is Latvia’s main export destination, driven by strong regional trade in wood, food, and manufactured goods.

Wood & Wood Articles

Wood and timber products remain Latvia’s largest export, reflecting its strong forestry sector.

Top 10 Export Products of Latvia

As per Latvia trade data, with food items and timber accounting for the majority of exports, Latvia's export basket demonstrates its prowess in forestry, agriculture, and light industry.

Wood & Wood Articles (HS 4407): USD 3.96 Billion — 18.0%
Machinery & Equipment (HS 8479): USD 2.20 Billion — 10.0%
Electrical Machinery (HS 8542): USD 1.98 Billion — 9.0%
Cereals & Grains (HS 1001): USD 1.54 Billion — 7.0%
Mineral Fuels & Oils (HS 2710): USD 1.54 Billion — 7.0%
Pharmaceuticals (HS 3004): USD 1.32 Billion — 6.0%
Iron & Steel (HS 7208): USD 1.10 Billion — 5.0%
Furniture & Bedding (HS 9403): USD 1.10 Billion — 5.0%
Beverages & Spirits (HS 2208): USD 0.88 Billion — 4.0%
Plastics & Articles (HS 3901): USD 0.66 Billion — 3.0%

Top 10 Export Trading Partners of Latvia

As per Latvia trade statistics, Germany, Estonia, and Lithuania are Latvia's biggest export destinations, with the majority of its exports going to its EU neighbors.

Lithuania: 17.0% — USD 3.74 Billion
Estonia: 14.0% — USD 3.08 Billion
Germany: 12.0% — USD 2.64 Billion
United Kingdom: 8.0% — USD 1.76 Billion
Sweden: 7.0% — USD 1.54 Billion
Russia: 6.0% — USD 1.32 Billion
Poland: 5.0% — USD 1.10 Billion
Denmark: 4.0% — USD 0.88 Billion
Netherlands: 3.0% — USD 0.66 Billion
Finland: 2.0% — USD 0.44 Billion

What Details Contain In Latvia Export Data?

Every shipment arriving by land, air, or sea is included in Latvia’s statistical export data. Businesses and analysts may use a comprehensive statistical dataset that includes essential trade statistics to gain a thorough understanding of the Italian export sector. The information helps customers assess trade flows, identify new possibilities, and follow supplier trends by recording each shipment's route, product categorization, stated values, and more. An essential resource for making well-informed decisions, whether assessing competition or broadening market reach, is Latvia’s export statistics. Usually, the statistical dataset consists of:

Date
HS Code
HS Code Description
Total Value in USD
FOB Value
Quantity
Weight
Way of Transport
Destination Country
Import Country
Port of Loading
Port of Unloading

Benefits of Latvia Export data in your business

Gain a competitive edge by benchmarking competitors, finding new suppliers, and thoroughly understanding your industry using Latvia’s export statistical data.
Investigate International Markets: Examine Latvia’s purchasing trends to identify potential export markets for your goods.
Data-Driven Decisions: Make defensible decisions supported by up-to-date, transparent shipping data.
Reduce Risks: Before signing contracts, review shipping history and look for any possible warning signs.
Reliable and Accurate: High accuracy is ensured by the data's sourcing from official customs records.
Competitor insights: Keep tabs on where and how rivals obtain their goods.