Latvia Export Trade Data

11-Apr-2025

Expand Your Export Business in Latvia

Volza's Big Data technology scans over 2 billion Export shipment records for Latvia to identify top & new buyers, emerging markets, profitable buyers, and hot products.
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Key Indicators

Export Shipments
5,044,131
Suppliers
22,135
Export Trading Partners
218
Import Shipments
8,309,551
Buyers
24,682
Import Trading Partners
204

Overview

country overview

Latvia: Navigating Baltic Trade Horizons

Nestled in the Baltic region, Latvia stands as a dynamic player in European trade. In 2025, it secured the 2025 spot globally in GDP rankings. Surrounded by Estonia, Lithuania, Russia, and Belarus, Latvia's trade dynamics are shaped by its strategic location and robust infrastructure.

Introduction:
Latvia, strategically positioned in the Baltics, excels in various export sectors including timber, agriculture, and machinery. These industries not only fulfill global market demands but also propel Latvia's economic development, offering attractive opportunities for international importers.

Economic Overview:
Latvia's economy benefits from a diverse industrial base, with significant contributions from the wood processing, agriculture, and manufacturing sectors. As one of the Eurozone's smaller economies, it has demonstrated resilience with a focus on increasing the value-added of its exports and expanding into new markets.

Political and Regulatory Environment:
Latvia maintains a stable political environment with policies supportive of international trade. As a member of the European Union, it benefits from access to a vast single market and adheres to stringent EU regulations that ensure high standards for its exports.

Opportunities and Challenges for Importers:
Latvia offers competitive advantages in high-quality timber products, organic food, and advanced machinery. However, importers might face challenges such as navigating small market nuances and seasonal fluctuations in agricultural output.

Positives:

1. Strategic Transit Hub: Latvia's position along key European transportation routes, including the Baltic Sea, positions it as a vital transit hub. The Riga Freeport facilitates maritime trade, connecting Latvia to global markets.
2. Eurozone Membership: Adopting the Euro enhances Latvia's economic stability and fosters seamless trade within the Eurozone, attracting foreign investors and promoting business confidence.
3. Diverse Export Sectors: Latvia's economy boasts diversity, with strong contributions from sectors like machinery, wood products, and food processing, offering resilience against economic fluctuations.

Negatives:

1. Dependency on Transit Routes: While Latvia benefits from its transit role, geopolitical tensions or disruptions in key transit routes can impact the nation's trade flow.
2. Demographic Challenges: Latvia faces demographic issues, including a declining population, which could pose challenges for sustained economic growth and labor availability.
3. Reliance on Foreign Markets: Export-oriented, Latvia is susceptible to economic downturns in its main trading partners, emphasizing the need for diversified markets.

Latvia import export data , including buyer and supplier names, is available on the Volza Platform.

Exports:

In October 2024, Latvia ranked 42th in global exports. Exports totaled 16.90 billion, which is a -6% increase from October 2023.

On a TTM basis from October 2023 to October 2024, Latvia's rank was 42, with exports of 17 billion, indicating a -6% growth from the previous year.

In 2024, exports reached 17 billion, showing a -24% YOY growth from 2023. Lithuania, Estonia, Germany, Sweden, Russian Federation, United Kingdom, Denmark, Finland, Poland, N were the main export destinations. Products exported were Wood and articles of wood, Electrical machinery and equipment, Mineral fuels and oils. Buyers included MIKROTIKLS SIA, BOHNENKAMP, and LAMODA GMBH. Exporters from Latvia were Lithuania: 18.0%, Estonia: 11.3%, and Germany: 7.1%.

Top 10 Export Products:

  1. Wood and articles of wood (HS Code: 4407) - High-quality timber and wooden furniture.
  2. Cereals (HS Code: 1001) - Including wheat and barley.
  3. Electrical machinery (HS Code: 8501) - Components and devices.
  4. Dairy products (HS Code: 0401) - Notably cheese and butter.
  5. Iron and steel (HS Code: 7204) - Semi-finished and finished products.
  6. Machinery and mechanical appliances (HS Code: 8479) - Industrial equipment.
  7. Beverages (HS Code: 2203) - Including beer made from malt.
  8. Fish and crustaceans (HS Code: 0303) - Processed and fresh.
  9. Pharmaceuticals (HS Code: 3004) - Medical products.
  10. Vehicles and parts (HS Code: 8703) - Cars and related components.

Top Exporters from Latvia:

Z To Order and NA, THE HIMALAYA DRUG COMPANY, SAINT GOBAIN CONSTRUCTION PRODUCTS INDONESIA

Top Importers importing from Latvia:

PETROCHINA INTERNATIONAL JAVA LTD, SANDVIK MINING & CONSTRUCTION INDONESIA, CROMWELL TOOLS

Solution for Global Importers:

We encourage global importers to explore Latvia's export sectors through Volza’s comprehensive online export data. Volza's tools can help efficiently navigate and uncover the diverse Latvian market, enabling importers to identify and capitalize on opportunities effectively. Engage with Volza for detailed market insights and strategic trade facilitation.

Export Database - Factsheet

Source : Volza Export Data
Latvia
Export Data
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5,044,131 Bill of Ladings, 24,682 Buyers & 22,135 Suppliers
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Import
vs
Export
Jan-Dec 2024
Shipments
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Top 10 Exporters

Latvia Top 10 Exporters

Within our Volza database, we possess comprehensive information about over 10 active exporters in Latvia. To assist you in identifying the leading exporters in Latvia, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 exporters in Latvia are companies like MIKROTIKLS SIA , BOHNENKAMP , and LAMODA GMBH . These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 exporters, and explore the additional resources provided below.

Latvia Top 10 Exporters
Line Chart
Data Source: Volza Export Data

Top 2 Export Products

Latvia Top 2 Export Products

As the Latvia export data reveals, the nation's top export products for 2024 were prominently characterized by:

- Mobile Phone: 87.07%
- Computer Part: 12.93%
These top 2 export items represented a significant 61.4% of Latvia's total export value for 2024. When analyzing Latvia's customs records, it's evident that the fastest-growing export categories were mineral fuels & oils, animal or vegetable fats & oils, and articles of stone, showing a robust upward trend. Conversely, the declining sectors in the export landscape included products of the milling industry, optical and photographic equipment, as well as electrical machinery & equipment. These top 2 export items represented a significant 61.4% of Latvia's total export value for 2024. When analyzing Latvia's customs records, it's evident that the fastest-growing export categories were mineral fuels & oils, animal or vegetable fats & oils, and articles of stone, showing a robust upward trend. Conversely, the declining sectors in the export landscape included products of the milling industry, optical and photographic equipment, as well as electrical machinery & equipment. For businesses and market analysts, the subsequent chart offers a deeper dive, showcasing the monetary value and market dynamics of Latvia’s top 0 export commodities for 2024.
Latvia Top 2 Export Products
Line Chart
Data Source: Volza Export Data
Latvia Top 2 Export Products
Rank Export Products Shipments
1

MOBILE PHONE

11,992,737
2

COMPUTER PART

1,781,281
Data Source: Volza Export Data

Trading Partners

Top Trading Partners of Latvia

Africa-CentralAfrica-East Africa-NorthCameroonCentral AfricaDjiboutiEthiopiaKenyaUgandaZimbabweAlgeriaEgyptLatviaAfrica-CentralAfrica-East Africa-NorthCameroonCentral AfricaDjiboutiEthiopiaKenyaUgandaZimbabweAlgeriaEgypt

Top 9 Export Trading Partners

Latvia Top 9 Export Trading Partners

Latvia trade data from 2024 highlights the nation's top 9 export partners as follows: LITHUANIA (USD 708,814) , ESTONIA (USD 660,312) and the NETHERLANDS (USD 608,299).
The growth rates for the leading three exporters were as follows: Lithuania at 14.05% , Estonia at 13.09% and Netherlands 12.06%.
Trade balance analysis reveals that Latvia had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Latvia export statistics show that the country's top 9 export partners in 2024 collectively contributed 87.2% to the overall value of export shipments. Furthermore, Latvia’s major exports from Lithuania include MOBILE PHONE, products. The provided chart below breaks down the values in percentile of Latvia’s top 9 export partners for 2024.

Latvia Top 9 Export Trading Partners
Line Chart
Data Source: Volza Export Data
Latvia Top 9 Export Trading Partners
Rank Export Trading Partners Shipments
1 Lithuania 708,814
2 Estonia 660,312
3 Netherlands 608,299
4 Russia 460,079
5 Poland 194,586
6 Germany 193,740
7 Finland 169,391
8 Sweden 157,363
9 Denmark 149,319
Data Source: Volza Export Data

Export Data Sample Record

Latvia Export Data Sample Record

Latvia export data covers all important shipping details that are essential for businesses to find exporters in Latvia, analyze market trends, and identify potential industries. Latvia trade data contains customs-based details including Date, Exporter Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Latvia export data sample with complete number of fields available in data.

Latvia Export Fields
Date:
30 Nov 2024
HS Code:
98020000
Quantity:
0.1
Quantity Unit:
GMS
Value FC:
1,637,800
Value:
650.43
HS Description:
Laboratory chemicals
Exporter:
SIA ENAMINE
Importer:
Data Source: Volza Export Data
Latvia Export Fields
S.No Data Fields
1
Date
2
HSN Code
3
Quantity
4
Quantity Unit
5
Value FC
6
Value
7
HSN Description
8
Exporter
9
Importer
Total 72 Fields
Data Source: Volza Export Data

Top 0 Export Ports

Latvia Top 0 Export Ports

Latvia's global export trade operates through over 0 ports. false stands as the predominant port, handling export shipments, which constitutes a 0% market share. follows with an 0% share, accounting for shipments, while contributes a 0% market share with its shipments. For detailed export trade statistics of each port in Latvia, refer to the provided links below. Collectively, these ports underscore the integrated nature of Latvia's trade infrastructure. As the trade data indicates, these crucial export ports facilitate the consistent delivery of essential goods across Latvia.

Latvia Top 0 Export Ports
Line Chart
Data Source: Volza Export Data
Latvia Top 0 Export Ports
Rank Export Ports Shipments
Data Source: Volza Export Data

Export Bill of Lading

Export Shipments of Latvia
5,044,131
Date
30-11-2024
Shipper Name
SIA ENAMINE
Consignee Address
Hyderabad Telangana
Weight Unit
GMS
Quantity
1
Shipment Origin
India
Port of origin
Bangalore Air

Datasets

Africa-Central


Africa-East


Africa-North


Africa-South


Africa-West


America-Central


Asia-Central


Asia-East


Asia-South


Asia-Southeast


Asia-West


Australia/Oceania


Europe-East


Europe-North


Europe-South


Europe-West


Middle-East


North America


South America


The Caribbean

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Frequently Asked Questions

What information is included in Latvia Export Data?

Latvia Export Data includes details about Exported products, such as their descriptions, HS codes (Harmonized System codes), origins, quantities, values, exporters' details, shipment details, and customs duties paid.

How often is the Latvia Export Trade Data updated on Volza.com?

The frequency of updates for Latvia Export Trade Data on Volza.com may vary, but the platform strives to ensure regular updates. The goal is to provide users with the most current and accurate information available. It is recommended to check the platform regularly or contact the Volza.com support team for specific details on data update schedules.

How frequently is the Latvia Export trade data updated on Volza.com?

The Latvia export trade data on Volza.com is regularly updated to provide the most current information available. The website strives to ensure that users have access to the latest export trade data for Latvia.

What types of export trade data can I find on Volza.com?

Volza.com offers a wide range of export trade data for Latvia. You can find data related to various sectors and industries, including agriculture, manufacturing, energy, textiles, and more. The website aims to provide comprehensive information to cater to the diverse needs of users interested in Latvia's export trade.

Why is Latvia Export Data important?

Latvia Export Data plays a crucial role in understanding the country's trade dynamics, economic trends, and market demand. It aids businesses, policymakers, researchers, and investors in making informed decisions related to international trade and investment.

Can I access historical Latvia Export Data?

Yes, historical Latvia Export Data is valuable for tracking changes in export patterns over months or years, identifying seasonality, and understanding long-term trends.