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Latvia
(information)
Continent: Europe, Region: Eastern Europe
Population as of 2020: 1.9 million 146 of 193
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Nominal G.D.P. in 2024: $43.5 billion 99 of 193
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Total merchandise exports in 2024: $20.65 billion. 63 of 193
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These are calendar-year 2024 goods exports reported by Latvia, excluding services. All amounts are nominal 2024 U.S. dollars, valued free on board (FOB), with no inflation adjustment.
Figures cover Latvia under common European goods-trade definitions, including trade within and outside the European Union and goods cleared through customs before being forwarded to another member country. Totals may differ from domestically published statistics.
U.S. dollar values converted using the 2024 average exchange rate.
Top Exports
Top 20 export categories, 2024
Ranked by export value.
| Rank | Item | Dollar amount | Category |
|---|---|---|---|
| 1 | Sawn or chipped wood, over 6 mm thick | $867.49 million | Wood, wood articles and charcoal |
| 2 | Telephone sets, smartphones and other communications apparatus | $790.85 million | Electrical machinery and equipment |
| 3 | Fuel wood, wood chips, sawdust and wood waste | $743.67 million | Wood, wood articles and charcoal |
| 4 | Medicaments in measured doses or retail packs | $640.96 million | Pharmaceutical products |
| 5 | Wheat and meslin | $624.49 million | Cereals |
| 6 | Spirits, liqueurs and other spirituous beverages; undenatured ethyl alcohol below 80% alcohol | $537.18 million | Beverages, spirits and vinegar |
| 7 | Passenger cars and other passenger motor vehicles | $434.48 million | Vehicles and vehicle parts |
| 8 | Wood in the rough | $427.12 million | Wood, wood articles and charcoal |
| 9 | Petroleum oils other than crude, related preparations and waste oils | $406.60 million | Mineral fuels and oils |
| 10 | Plywood, veneered panels and similar laminated wood | $391.74 million | Wood, wood articles and charcoal |
| 11 | Peat; (including peat litter), whether or not agglomerated | $377.87 million | Mineral fuels and oils |
| 12 | Petroleum gas and other gaseous hydrocarbons | $327.64 million | Mineral fuels and oils |
| 13 | Electrical energy | $291.77 million | Mineral fuels and oils |
| 14 | Motor-vehicle parts and accessories | $290.90 million | Vehicles and vehicle parts |
| 15 | Particle board, oriented strand board (OSB) and similar board (e.g. waferboard) of wood or other ligneous materials, whether or not agglomerated with resins or other organic binding substances | $260.69 million | Wood, wood articles and charcoal |
| 16 | Monitors, projectors and television receivers | $256.81 million | Electrical machinery and equipment |
| 17 | Iron or steel structures, parts and structural components, excluding prefabricated buildings | $236.60 million | Iron and steel articles |
| 18 | Milk and cream, not concentrated or sweetened | $218.42 million | Dairy products, eggs, honey and other edible animal products |
| 19 | Biodiesel and mixtures of these products; not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals | $210.20 million | Other chemical products |
| 20 | Other furniture and parts | $200.44 million | Furniture, bedding and lighting |
Top 10 importers of Latvia's exports, 2024
Ranked by Latvia's reported merchandise exports to each named destination economy. Separately reported territories may appear. These are recorded export destinations; goods may subsequently be re-exported.
| Rank | Country | Dollar amount |
|---|---|---|
| 1 | Lithuania | $3.70 billion |
| 2 | Estonia | $2.40 billion |
| 3 | Germany | $1.35 billion |
| 4 | Sweden | $1.13 billion |
| 5 | Russia | $1.12 billion |
| 6 | United Kingdom (including the Channel Islands and Isle of Man) | $1.08 billion |
| 7 | Poland | $956.90 million |
| 8 | Denmark | $876.54 million |
| 9 | Netherlands | $698.84 million |
| 10 | Finland | $604.07 million |
