Latvia Trade Overview: Latvia Exports and Imports Trade Details

Latvia Exports and Imports Trade Details

Latvia is a small country in Northern Europe with an economy that relies on trade. Its position in the Baltic region and membership in the European Union make it an important link for both imports and exports.

Latvia’s Export Patterns

Main Export Products

Latvia exports a variety of goods. Some of the largest export categories include wood and wood products, electrical machinery, vehicles, and food products. These goods are sent to other EU countries as well as global markets.

Recent statistics show that Latvian exports reached around EUR 1.5 billion in August 2025. Wood products and transport equipment make up a large portion of this, while mineral products and food products also contribute. These figures show the importance of manufacturing and agriculture in the country’s trade.

Export Destinations

Most of Latvia’s exports go to EU countries. Lithuania, Estonia, Germany, and Poland are key recipients. Exports to non-EU countries are smaller in comparison but include items like timber, machinery, and electrical products.

Latvia’s Imports

Main Import Products

Latvia imports goods needed for domestic use and industry. The main categories include machinery, vehicles, electrical equipment, mineral fuels, and chemicals.

In June 2025, imports were around EUR 1.86 billion. Machinery and electrical equipment are especially important because they are used in production, transport, and construction. Fuel imports are also significant due to energy requirements.

Import Sources

The majority of imports come from EU countries, with Germany and Poland being major suppliers. Other countries, including some outside the EU, provide raw materials, machinery, and specialized products.

Trade Balance

Latvia has often had a trade deficit, meaning it imports more than it exports. This is common because of the high demand for machinery and fuel. However, the balance can change depending on the performance of exports in a particular month.

Understanding the trade balance is useful for assessing economic trends and planning for imports and exports based on Latvia Exports and Imports Trade Details.

Key Products and Trading Partners

Latvia’s trade is dominated by certain goods on both sides:

  • Exports: Wood and wood products, electrical machinery, transport equipment, food products

  • Imports: Machinery, electrical equipment, vehicles, mineral fuels, chemicals

The main trading partners are neighboring EU countries. While Latvia has some trade with Russia and other countries in the region, EU countries remain the largest trading partners.

The Role of Trade Data

Accurate trade data is important for tracking imports and exports. Companies and analysts use this data to understand which products are moving in and out of Latvia, as well as to observe trends over time.

An Import Data Provider collects and organizes this information to make it easier to access. This data can show the volume and value of goods, the main trading countries, and the types of products being exchanged.

Latvia’s trade includes a range of products and relies heavily on its EU neighbors. Knowing Latvia Exports and Imports Trade Details helps in understanding the country’s economy and its international connections. For those needing detailed trade statistics, an experienced Exim Data Provider can supply useful information. One such provider is Seair Exim Solution, which offers access to structured trade data.

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