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Country Profile: Latvia

USD 27,68 billions
GDP per capita
USD 14.118
1,96 millions


Latvia is the sixty-third (63°) exporting economy in the world. In 2016, Latvia has exported USD 11,39 billions and has imported USD 13,47 billions, with a negative resulting trade balance of USD -2,08 billions. In 2016 Latvia's GDP was USD 27,68 billions and its GDP per capita was USD 14.118.

The main goods exported by Latvia are: Various unclassified products (USD 773 millions), (USD 652 millions), Packaged medicines (USD 402 millions), Wheat (USD 381 millions) and (USD 331 millions).

It's main imports are: Various unclassified products (USD 1,28 billions), Refined petroleum (USD 799 millions), Vehicles (USD 590 millions), Packaged medicines (USD 504 millions) and Broadcasting equipment (USD 369 millions).

The main export destinations of Latvia are: Lithuania (USD 2,09 billions), Estonia (USD 1,38 billions), Russia (USD 871 millions), Germany (USD 826 millions) and Sweden (USD 688 millions).

The main origins of its imports are: Russia (USD 4,84 billions), Lithuania (USD 2,47 billions), Russia (USD 1,85 billions), Poland (USD 1,37 billions) and Estonia (USD 1,21 billions).

Latvia borders with Belarus, Estonia, Lithuania and Russia by land and Sweden by sea.



Origins of imports

Destination of exports

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