Latvia
2.08B €
Exports
2025
2004 January2026 January
2.53B €
Imports
2025
2004 January2026 January
Latvia is the 2nd largest export partner of Estonia. In 2025, Estonia's exports to Latvia amounted to €2.08B and imports from Latvia to €2.53B, resulting in negative trade balance of €451M.
Exports
2025
In 2025, Estonia's exports to Latvia amounted to €2.08B, making it the 2nd largest export partner in the world. Compared to the previous year, exports from Estonia to Latvia experienced growth at an annualized rate of 7.67%, from €1.94B in 2024 to €2.08B in 2025. Most recently, exports were led by cars, which represent 16.5% of the total exports to Latvia, followed by electricity, which account for 9.71%.
Imports
2025
In 2025, Estonia's imports from Latvia ammounted to €2.53B, making it the 2nd largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced growth at an annualized rate of 10.2%, from €2.3B in 2024 to €2.53B in 2025. Most recently, imports were led by petroleum gases, which represent 15.8% of the total imports from Latvia, followed by cars, which account for 15.8%.
Trade Balance
As of 2026 January, Estonia had negative trade balance of €91.5M with Latvia. In 2025 January, it had negative trade balance of €128M.
