Latvia Export Import trade data

11-Apr-2025

Grow Your Export Import Business in Latvia

Volza's Big Data technology scans over 2 billion Export Import shipment records in Latvia to identify new Buyers, Suppliers, emerging markets, profitable export import opportunities, and promising products.
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Key Indicators

Export Shipments
5,044,131
Buyers
4,695
Export Trading Partners
218
Import Shipments
8,309,551
Suppliers
5,493
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.

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 17 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.

Imports:


In October 2024, Latvia ranked 44th in global imports, with imports valued at 21 billion, representing a -16% growth from 2023.

From October 2023 to October 2024, the country's imports amounted to 21 billion, showing a -16% growth from the preceding year.

In 2024, imports totaled 21 billion, marking a -25% YOY growth from 2023. Sources of these imports were Lithuania, Germany, Poland, Estonia, Netherlands, Finland, China, Italy, Sweden, Russian Federation. Imported products were Mineral fuels and oils, Electrical machinery and equipment, Vehicles and Parts. Suppliers were BOHNENKAMP SIA, LLC IKEA TORG, and THE HIMALAYA DRUG COMPANY.

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Import Factsheet

Data Source
Statistical
Data Coverage
100%
Last Shipment
01, Mar, 2024
Update Frequency
Monthly
Import Shipment
8,309,551 -99.8%
Trading Partners
204 -69.12%
Source : Volza
Import Data

Export Factsheet

Data Source
Statistical
Data Coverage
100%
Last Shipment
01, Mar, 2024
Update Frequency
Monthly
Export Shipment
5,044,131 -99.87%
Trading Partners
218 -61.6%
Source : Volza
Export Data
Latvia
Import Export Data

13,353,682 Bill of Ladings, 4,695 Buyers, 5,493 Suppliers

country import export
Import
vs
Export
Jan-Dec 22 Shipment
Data Source : Volza Import Export Data
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Trading Partners

Top Trading Partners of Latvia

Import Trading Partners
Export Trading Partners
Africa-CentralAfrica-East Africa-NorthCameroonCentral AfricaDjiboutiEthiopiaKenyaUgandaZimbabweAlgeriaEgyptLatviaAfrica-CentralAfrica-East Africa-NorthCameroonCentral AfricaDjiboutiEthiopiaKenyaUgandaZimbabweAlgeriaEgypt

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