In 2018, Estonia's exports to Latvia amounted to €1.38B, making it the 3rd largest export partner in the world. Compared to the previous year, exports from Estonia to Latvia experienced growth at an annualized rate of 17.3%, from €1.18B in 2017 to €1.38B in 2018. Most recently, exports were led by electricity, which represent 13.4% of the total exports to Latvia, followed by cars, which account for 10.5%.
In 2018, Estonia's imports from Latvia ammounted to €1.37B, making it the 6th largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced growth at an annualized rate of 9.59%, from €1.25B in 2017 to €1.37B in 2018. Most recently, imports were led by cars, which represent 4.54% of the total imports from Latvia, followed by packaged medicaments, which account for 4.54%.