Latvia Export Import trade data

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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

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

Trading Partners
Top Trading Partners of Latvia
Import Trade Data
8,309,551
Product | Importers | Suppliers | Arrival Date |
---|---|---|---|
OTHER MADUP TEXTILE ARTICLES:OTHER BED L |
India
|
India
|
30-Nov-2024 |
OTHER MADUP TEXTILE ARTICLES:OTHER BED L |
India
|
India
|
30-Nov-2024 |
OTHER MADUP TEXTILE ARTICLES:OTHER BED L |
India
|
India
|
30-Nov-2024 |
OTHER MADUP TEXTILE ARTICLES:OTHER BED L |
India
|
India
|
30-Nov-2024 |
FREE PROMOTIONAL MATERIAL HAVING NCV-VAL |
India
|
India
|
30-Nov-2024 |
OTHER MADUP TEXTILE ARTICLES:OTHER BED L |
India
|
India
|
30-Nov-2024 |
Export Trade Data
5,044,131
Product | Exporters | Buyers | Arrival Date |
---|---|---|---|
|
India
|
India
|
30-Nov-2024 |
|
India
|
India
|
30-Nov-2024 |
|
India
|
India
|
30-Nov-2024 |
|
India
|
India
|
30-Nov-2024 |
|
India
|
India
|
30-Nov-2024 |
|
India
|
India
|
30-Nov-2024 |