Latvia is the 82nd largest export economy in the world and the 39th most complex economy according to the Economic Complexity Index (ECI). In 2015, Latvia exported $11.4B and imported $14.5B, resulting in a negative trade balance of $3.08B. In 2015 the GDP of Latvia was $27B and its GDP per capita was $24.9k.
The top exports of Latvia are Refined Petroleum ($856M), Sawn Wood ($632M), Hard Liquor ($389M), Broadcasting Equipment ($361M) and Fuel Wood ($330M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.39B), Broadcasting Equipment ($501M), Cars ($484M), Packaged Medicaments ($456M) and Petroleum Gas ($391M).
The top export destinations of Latvia are Lithuania ($2.21B), Russia ($802M), Estonia ($774M), the United Kingdom ($721M) and Germany ($688M). The top import origins are Lithuania ($2.25B), Russia ($1.53B), Germany ($1.45B), Poland ($1.44B) and Estonia ($956M).