Latvia

2.16B €
Exports
2023
2004 January2024 April
2.32B €
Imports
2023
2004 January2024 April

Infograafikud

Latvia is the 2nd largest export partner of Estonia. In 2023, Estonia's exports to Latvia amounted to €2.16B and imports from Latvia to €2.32B, resulting in negative trade balance of €163M.

Exports

2023

In 2023, Estonia's exports to Latvia amounted to €2.16B, making it the 2nd largest export partner in the world. Compared to the previous year, exports from Estonia to Latvia experienced decline at an annualized rate of 23.5%, from €2.83B in 2022 to €2.16B in 2023. Most recently, exports were led by electricity, which represent 20.4% of the total exports to Latvia, followed by cars, which account for 12.8%.

Imports

2023

In 2023, Estonia's imports from Latvia ammounted to €2.32B, 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 18.8%, from €2.86B in 2022 to €2.32B in 2023. Most recently, imports were led by petroleum gases, which represent 17.5% of the total imports from Latvia, followed by cars, which account for 17.5%.

Trade Balance

As of 2024 April, Estonia had negative trade balance of €51.1M with Latvia. In 2023 April, it had positive trade balance of €12.4M.