Latvia

0.65

Econ Complexity 37th of 214
1993
2016

$11.2B

Exports 82nd of 221
1993
2016

$13.5B

Imports 85th of 221
1993
2016

$25.6k

GDP Per Capita 50th of 214
1993
2016
Looking for commercial partners in Latvia? List your company on Macro Market.
Looking for commercial partners in Latvia? List your company on Macro Market.

Latvia is the 82nd largest export economy in the world. In 2016, Latvia exported $11.2B and imported $13.5B, resulting in a negative trade balance of $2.31B. In 2016 the GDP of Latvia was $27.6B and its GDP per capita was $25.6k.

The top exports of Latvia are Sawn Wood ($631M), Refined Petroleum ($548M), Hard Liquor ($384M), Packaged Medicaments ($382M) and Wheat ($377M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($934M), Cars ($608M), Packaged Medicaments ($512M), Broadcasting Equipment ($378M) and Petroleum Gas ($306M).

The top export destinations of Latvia are Lithuania ($2.07B), the United Kingdom ($861M), Russia ($732M), Germany ($727M) and Estonia ($719M). The top import origins are Lithuania ($2.14B), Germany ($1.43B), Poland ($1.32B), Russia ($1.22B) and Estonia ($961M).

Latvia borders Belarus, Estonia, Lithuania and Russia by land and Sweden by sea.

Economic Complexity of Latvia

More on Latvia from our other sites