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Latvia
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Top Exports
As of 2022, Latvia's export economy was diverse, encompassing sectors such as wood processing, machinery, agriculture, and pharmaceuticals. The total value of goods exported reached approximately **€21.27 billion**, marking a significant increase from the previous year. | Rank | Product Category | Export Value (USD) | Share of Total Exports | | ---- | --------------------------------------------------------------------------- | ------------------ | ---------------------- | | 1 | **Wood and articles of wood; wood charcoal** | \$3.1 billion | 13.9% | | 2 | **Electrical machinery and equipment** | \$2.3 billion | 10.1% | | 3 | **Mineral fuels, mineral oils and products of their distillation** | \$1.6 billion | 7% | | 4 | **Machinery and mechanical appliances** | \$1.4 billion | 6.3% | | 5 | **Beverages, spirits and vinegar** | \$1.3 billion | 5.9% | | 6 | **Vehicles other than railway or tramway rolling stock** | \$1.1 billion | 5% | | 7 | **Cereals** | \$788 million | 3.5% | | 8 | **Pharmaceutical products** | \$754.2 million | 3.3% | | 9 | **Articles of iron or steel** | \$683.8 million | 3% | | 10 | **Plastics and articles thereof** | \$542.6 million | 2.4% | | 11 | **Optical, photographic, cinematographic, measuring, checking instruments** | Data not specified | — | | 12 | **Furniture; bedding, mattresses, mattress supports, cushions and similar** | Data not specified | — | | 13 | **Iron and steel** | Data not specified | — | | 14 | **Animal or vegetable fats and oils** | Data not specified | — | | 15 | **Paper and paperboard; articles of paper pulp** | Data not specified | — | | 16 | **Dairy produce; birds' eggs; natural honey** | Data not specified | — | | 17 | **Edible vegetables and certain roots and tubers** | Data not specified | — | | 18 | **Edible fruit and nuts; peel of citrus fruit or melons** | Data not specified | — | | 19 | **Miscellaneous chemical products** | Data not specified | — | | 20 | **Aluminum and articles thereof** | Data not specified | — | Top Export Destinations **Lithuania**: \$4.1 billion (18.2% of total exports) **Estonia**: \$2.6 billion (11.7%) **Germany**: \$1.5 billion (6.7%) **Russian Federation**: \$1.3 billion (5.6%) **Sweden**: \$1.3 billion (5.6%) These figures highlight Latvia's strong trade relationships, particularly within the European region.
