Latvia is the 78th largest export economy in the world. In 2016, Latvia exported $30.4B and imported $45.2B, resulting in a negative trade balance of $14.8B. In 2016 the GDP of Latvia was $27.7B and its GDP per capita was $26k.
The top exports of Latvia are Refined Petroleum ($1.12B), Sawn Wood ($706M), Unspecified ($665M), Hard Liquor ($467M) and Wheat ($438M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($4.16B), Unspecified ($1.1B), Cars ($685M), Packaged Medicaments ($574M) and Broadcasting Equipment ($434M).
The top export destinations of Latvia are Lithuania ($2.09B), Estonia ($1.38B), Russia ($871M), Germany ($826M) and Sweden ($688M). The top import origins are Russia ($4.84B), Lithuania ($2.47B), Germany ($1.85B), Poland ($1.37B) and Estonia ($1.21B).