Latvia

1.3B €
Exports
2020
2004 January2021 February
1.43B €
Imports
2020
2004 January2021 February

Infograafikud

Latvia is the 3rd largest export partner of Estonia. In 2020, Estonia's exports to Latvia amounted to €1.3B and imports from Latvia to €1.43B, resulting in negative trade balance of €137M.

Exports

2020

In 2020, Estonia's exports to Latvia amounted to €1.3B, 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 0.859%, from €1.31B in 2019 to €1.3B in 2020. Most recently, exports were led by cars, which represent 13.2% of the total exports to Latvia, followed by electricity, which account for 10.7%.

Imports

2020

In 2020, Estonia's imports from Latvia ammounted to €1.43B, making it the 5th largest import partner in the world. Compared to the previous year, imports from Latvia to Estonia experienced decline at an annualized rate of 2.1%, from €1.46B in 2019 to €1.43B in 2020. Most recently, imports were led by refined petroleum products, which represent 5.26% of the total imports from Latvia, followed by packaged medicaments, which account for 5.26%.

Trade Balance

As of 2021 February, Estonia had negative trade balance of €33.1M with Latvia. In 2020 February, it had negative trade balance of €24.5M.