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%.
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%.