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, 2019
| 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, 2019
| 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 |