Latvia

1.29B €
Exports
2020
2004 January2021 July
1.45B €
Imports
2020
2004 January2021 July

Infograafikud

Latvia is the 3rd largest export partner of Estonia. In 2020, Estonia's exports to Latvia amounted to €1.29B and imports from Latvia to €1.45B, resulting in negative trade balance of €157M.

Exports

2020

In 2020, Estonia's exports to Latvia amounted to €1.29B, 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 1.6%, from €1.31B in 2019 to €1.29B in 2020. Most recently, exports were led by cars, which represent 13% of the total exports to Latvia, followed by electricity, which account for 10.5%.

Imports

2020

In 2020, Estonia's imports from Latvia ammounted to €1.45B, making it the 3rd largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced decline at an annualized rate of 1.22%, from €1.46B in 2019 to €1.45B in 2020. Most recently, imports were led by monitors and projectors, which represent 3.59% of the total imports from Latvia, followed by packaged medicaments, which account for 3.59%.

Trade Balance

As of 2021 July, Estonia had positive trade balance of €20.4M with Latvia. In 2020 July, it had negative trade balance of €9.31M.