Latvia

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

Infograafikud

Latvia is the 3rd largest export partner of Estonia. In 2018, Estonia's exports to Latvia amounted to €1.38B and imports from Latvia to €1.37B, resulting in positive trade balance of €7.69M.

Exports

2018

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%.

Imports

2018

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%.

Trade Balance

As of 2019 September, Estonia had negative trade balance of €20.1M with Latvia. In 2018 September, it had positive trade balance of €13.7M.