Latvia Major Trade Partners

Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. The first table below shows top trading partners of Latvia in terms of export sales (selling), including Lithuania, Estonia, and Russia. The second lists top trade partners of Latvia regarding import total (buying). That is, most products are imported from these countries to Latvia.

Latvia Major Exports

Market Value: 7,183 (millions) – Last Updated: June, 2024

Rank	Country (Exports To)	Trade Value (thousands)	Share (%)	Growth (% 5yr)
1	Lithuania	1,186,830	16.52	212.39
2	Estonia	949,786	13.22	184.64
3	Russia	763,804	10.63	168.06
4	Germany	631,159	8.79	18.27
5	Sweden	536,224	7.46	25.32
6	Denmark	359,824	5.01	53.89
7	United Kingdom	296,847	4.13	(43.41)
8	Poland	279,988	3.90	93.01
9	Finland	227,256	3.16	110.72
10	Norway	197,715	2.75	95.81
11	Netherlands	180,660	2.51	68.73
12	Peru	146,947	2.05	3,463.47
13	France	140,921	1.96	68.77
14	Italy	129,487	1.80	60.25
15	Belarus	123,954	1.73	36.11
16	Spain	120,775	1.68	428.79
17	United States	117,298	1.63	(32.46)
18	Ireland	93,498	1.30	39.42
19	Ukraine	78,732	1.10	10.31
20	Belgium	72,571	1.01	97.40
21	Switzerland	49,874	0.69	(18.72)
22	Morocco	45,950	0.64	4,623.76
23	Iceland	34,128	0.48	(18.47)
24	Czech Republic	33,692	0.47	90.08
25	Slovakia	33,558	0.47	191.16
26	Japan	28,261	0.39	(34.67)
27	Kazakhstan	22,392	0.31	(22.94)
28	Algeria	21,688	0.30	933.61
29	Austria	20,323	0.28	3.91
30	Uzbekistan	18,652	0.26	97.28
31	China	17,670	0.25	56.18
32	Hungary	16,247	0.23	27.17
33	Cyprus	15,881	0.22	96.08
34	Romania	15,836	0.22	629.68
35	Canada	15,787	0.22	(14.01)
36	South Korea	15,371	0.21	146.21

 

Latvia Major Imports

Market Value: 11,261 (millions) – Last Updated: June, 2024

Rank	Country (Imports From)	Trade Value (thousands)	Share (%)	Growth (% 5yr)
1	Lithuania	2,076,169	18.44	138.11
2	Germany	1,529,899	13.59	54.65
3	Russia	1,470,468	13.06	116.18
4	Poland	801,244	7.12	108.96
5	Estonia	755,791	6.71	50.84
6	Belarus	482,805	4.29	25.82
7	Sweden	463,944	4.12	2.51
8	Finland	447,802	3.98	(0.26)
9	Netherlands	389,151	3.46	64.47
10	Italy	280,337	2.49	17.71
11	Denmark	277,044	2.46	28.53
12	France	236,084	2.10	45.77
13	China	211,977	1.88	131.61
14	Austria	182,150	1.62	77.92
15	Belgium	149,217	1.33	34.23
16	Switzerland	144,609	1.28	31.65
17	Hungary	136,463	1.21	118.37
18	Czech Republic	134,721	1.20	28.60
19	Slovakia	129,737	1.15	120.35
20	Kazakhstan	124,675	1.11	3,462.91
21	United Kingdom	108,604	0.96	(26.60)
22	Ukraine	97,736	0.87	(54.73)
23	Norway	93,136	0.83	7.74
24	United States	87,404	0.78	(9.92)
25	Spain	79,327	0.70	19.68
26	South Korea	53,190	0.47	103.57
27	Cyprus	53,104	0.47	1,252.79
28	Turkey	29,140	0.26	(34.98)
29	Japan	25,491	0.23	225.30
30	Ireland	23,223	0.21	(18.58)
31	Slovenia	22,493	0.20	26.76
32	Portugal	20,553	0.18	24.71
33	India	17,083	0.15	50.49
34	Luxembourg	13,252	0.12	187.59
35	Hong Kong	11,999	0.11	40.87
36	Uzbekistan	11,285	0.10	25.01