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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. ([LSM][1]) ### 🇱🇻 Top 20 Export Products of Latvia (2022) | 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 | — | ([stat.gov.lv][2], [World's Top Exports][3], [LSM][1]) | *Note: Export values for some categories are not specified due to limited available data.* ### 🌍 Top Export Destinations Latvia's primary export partners in 2022 included: * **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%)([World's Top Exports][3]) *Note: The percentages are approximate and based on available trade data.* These figures highlight Latvia's strong trade relationships, particularly within the European region. The country's export economy is characterized by a mix of traditional industries, such as wood processing, and growing sectors like pharmaceuticals and machinery. If you need more detailed information on specific export categories or trade partners, feel free to ask! [1]: https://eng.lsm.lv/article/economy/economy/latvias-exports-and-imports-reached-record-levels-in-2022.a496914/?utm_source=chatgpt.com "Latvia's exports and imports reached record levels in 2022" [2]: https://stat.gov.lv/en/statistics-themes/trade-and-services/foreign-trade-goods/press-releases/22401-foreign-trade-latvia?utm_source=chatgpt.com "In 2024 Latvia exported EUR 18.68 billion worth of goods" [3]: https://www.worldstopexports.com/latvias-top-10-exports/?utm_source=chatgpt.com "Latvia’s Top Exports 2023"