Latvia

1.31B €
Exports
2019
2004 January2020 July
1.46B €
Imports
2019
2004 January2020 July

Infograafikud

Latvia is the 3rd largest export partner of Estonia. In 2019, Estonia's exports to Latvia amounted to €1.31B and imports from Latvia to €1.46B, resulting in negative trade balance of €157M.

Exports

2019

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%.

Imports

2019

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%.

Trade Balance

As of 2020 July, Estonia had negative trade balance of €145k with Latvia. In 2019 July, it had positive trade balance of €8.39M.