In 2019, Estonia's exports to Latvia amounted to €1.31B, making it the 3rd largest export partner in the world. Compared to the previous year, exports from Estonia to Latvia experienced decline at an annualized rate of 5.19%, from €1.38B in 2018 to €1.31B in 2019. Most recently, exports were led by cars, which represent 14.3% of the total exports to Latvia, followed by electricity, which account for 8.19%.
In 2019, Estonia's imports from Latvia ammounted to €1.46B, making it the 5th largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced growth at an annualized rate of 6.54%, from €1.37B in 2018 to €1.46B in 2019. Most recently, imports were led by refined petroleum products, which represent 4.88% of the total imports from Latvia, followed by packaged medicaments, which account for 4.88%.