Latvia

1.38B €
Exports
2018
1.37B €
Imports
2018
2004 January2019 January

Infograafikud

Latvia is the 3rd largest export partner of Estonia. In 2018, Estonia exported to Latvia €1B and imported from Latvia €1B, resulting in a positive trade balance of €7M.

Exports

2018

In 2018, Estonia exported to Latvia €1B, making it the 3rd largest partner in the world. Compared to the previous year, the exports from Estonia to Latvia have grown at an annualized rate of 17.3%, from €1B in 2017 to €1B in 2018. The most recent exports are led by electricity which represent 13.4% of the total exports to Latvia, followed by cars, which account for 10.5%.

Imports

2018

In 2018 Estonia imported from Latvia €1B, making it the 6th largest partner in the world. Compared to the previous year, the imports of Latvia to Estonia have grown at an annualized rate of 9.59%, from €1B in 2017 to €1B in 2018. The most recent imports are led by cars which represent 4.54% of the total imports from Latvia, followed by packaged medicaments, which account for 4.54%.

Trade Balance

As of 2019 January Estonia had a positive trade balance with respect to Latvia of €967k in net exports. As compared to their trade balance in 2018 January when they had a negative trade balance of €13M in net exports.